Compliance Updates

Michigan Gaming Control Board order allows online and mobile wagering on horse races

Published

4 years ago

May 12, 2020

Reading Time: 2 minutes

Horse racing third-party facilitators seeking a license to offer advance deposit wagering (ADW) in Michigan must comply with terms and conditions established by Michigan Gaming Control Board Executive Director Richard S. Kalm in an order issued last week.

“The order should enable the state’s horse racing industry to gain new followers through ADW and maintain protection for citizens who wish to place wagers on live and simulcast pari-mutuel racing in Michigan using their mobile phones,” Kalm said. “Before ADW can go live in Michigan, the race meeting licensee and the certified horsemen’s organizations also must agree to a contract with a provider.”

In December 2019, Michigan’s Horse Racing Law of 1995 was amended to allow a race meeting licensee to use contracted third-party firms to facilitate wagering on live and simulcast pari-mutuel racing. A bettor creates an account with the third-party facilitator and can use a mobile device or computer to place wagers on pari-mutuel races using the money on deposit.

The order requires third-party facilitators to:

Apply for a license

Provide a proposed plan of operation

Submit any proposed system operation plan changes to the MGCB executive director for preapproval

Pay a $1,000 application fee and a $500 license renewal fee to the MGCB to cover costs of background investigations

Use and communicate pari-mutuel wagers to a pari-mutuel system that meets all Michigan requirements

The facilitator may not sell or share an applicant or account holder’s confidential information or use confidential information for any purpose not related to authorized account wagering without the applicant or account holder’s authorization.

Currently, live and simulcast pari-mutuel wagering is authorized at Northville Downs racetrack, which offers standardbred racing. The track was ordered to remain closed through 11:59 p.m. on Thursday, May 28, under Gov. Gretchen Whitmer’s Executive Order 2020-69 due to the COVID-19 health emergency.

Asia

WorldMatch Certifies Games for the Philippines

Published

11 hours ago

May 21, 2024

Niji Narayan

worldmatch-certifies-games-for-the-philippines

Reading Time: < 1 minute

WorldMatch has announced the release of the first batch of its certified games for the Philippines market. This significant milestone marks a crucial step in the company’s global expansion strategy and commitment to providing high-quality gaming experiences to Filipino players.

The initial batch, comprising carefully selected games certified to meet the regulatory standards of the Philippines, promises to offer a wide variety of entertainment options for players in the country. From classics to modern titles, each game has been designed to deliver an engaging and enjoyable experience for users.

“This is an exciting moment for us. We are thrilled to bring our expertise and innovation to the Philippines market and collaborate with brand new partners to deliver extraordinary gaming experiences to local players,” said Xhuljana Demerxhiu, Head of Sales at WorldMatch.

The post WorldMatch Certifies Games for the Philippines appeared first on European Gaming Industry News.

Compliance Updates

NIGC Announces Acting Chair

Published

1 day ago

May 20, 2024

GamingAmericas.com

The National Indian Gaming Commission announced the President’s appointment of Associate Commissioner Sharon M. Avery as Acting Chair of the Agency, effective May 15, 2024. Secretary of the Interior Deb Haaland recently appointed Avery to a three-year term as Associate Commissioner, effective May 6, 2024. Avery will serve both as Associate Commissioner and Acting Chair until a presidentially appointed, Senate-confirmed Chair is in place.

As Acting Chair, Avery has the same statutory authority to lead the Agency and take official actions as a Senate-confirmed appointee.

“I am humbled the administration has entrusted me with the distinguished opportunity to serve as the NIGC Acting Chair. In this capacity, and to the best of my abilities, I will diligently execute my duties and responsibilities designated by the Indian Gaming Regulatory Act to continue the Agency’s regulatory oversight of tribal gaming facilities without disruption, until a permanent Chair has been confirmed,” said Avery.

Avery is an enrolled member of the Saginaw Chippewa Indian Tribe of Michigan. She has been with the NIGC for over four years where she has served as an Associate General Counsel in the NIGC Office of General Counsel. Before joining the NIGC, Avery served for more than 10 years in the legal department for the Saginaw Chippewa Indian Tribe of Michigan. Most recently, she served as the Tribe’s General Counsel for Tribal Operations.

Compliance Updates

Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification

Published

2 days ago

May 20, 2024

Niji Narayan

spillemyndigheden:-anti-money-laundering-a-report-to-the-police-must-be-followed-up-by-a-notification

Reading Time: < 1 minute

Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.

Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.

Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.

Police reports cannot replace notifications

There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.

The post Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification appeared first on European Gaming Industry News.