Regulatory modernization essential to overcoming disruption in the gaming marketplace, AGA says

USA' gaming industry association, AGA issued Wednesday its the latest white paper, in its ongoing efforts to promote regulatory reform, providing an in-depth look at regulatory modernization efforts in Ohio, Michigan, Nevada, Pennsylvania and Mississippi.

Highlights from the new white paper, Advancing Regulatory Modernization: Building on a Record of Success, 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.

"Change truly is the new normal in our industry, with each year bringing innovative casino games, delivery systems, customer identification processes and more," said Sara Slane, senior vice president of public affairs for the American Gaming Association. "As technology continues to disrupt the gaming world, regulatory reinvention must keep pace. 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."