The American Gaming Association is continuing efforts to reform gaming regulations across the U.S., releasing a white paper today that provides in-depth look at regulatory modernization activity in five gaming states.
Efforts underway to modernize and adapt regulations in Nevada, Ohio, Michigan, Pennsylvania and Mississippi is the subject of the Washington D.C,-based trade organization’s Advancing Regulatory Modernization: Building on a Record of Success.
“For the gaming industry to thrive in today’s accelerating economic world, regulators have to embrace constant review of how regulatory standards and processes can work better to ensure a gaming industry that operates in the public interest while delivering economic success to its communities,” the AGA wrote in the paper’s executive summary.
Some of the changes highlighted by the AGA include:
- Ohio and Michigan abandoned their decades-old regulations on the shipment of gaming machines, providing costs savings and streamlined shipping processes;
- Nevada has allowed customers to open unified wagering accounts for financial transactions relating to multiple forms of casino gaming, a critical first step toward meeting consumer expectations for seamless, simple financial tools; and
- Pennsylvania and Mississippi increased the ownership share that triggers the need for an institutional investor to acquire a gaming license, improving gaming companies’ access to capital without raising the regulatory burden.
AGA Senior Vice President of Public Affairs Sara Slane said in a statement that change is “truly the new normal” in the gaming industry, which has seen the introduction of new casino games, systems, and player tracking and rewards programs.
“As technology continues to disrupt the gaming world, regulatory reinvention must keep pace,” Slane said. “Smart regulatory reforms improve our industry’s ability to accommodate changes in the marketplace, provide a seamless experience for consumers and create greater efficiencies for regulators and businesses.”
The AGA plans to distribute the white paper to all U.S. gaming regulators.
