1 / 13

IMGL Spring Conference Montreal, Canada May 8-10, 2013

IMGL Spring Conference Montreal, Canada May 8-10, 2013. Moderator: Robert W. Stocker II , Member, Dickinson Wright PLLC, Michigan Speakers:

ira
Télécharger la présentation

IMGL Spring Conference Montreal, Canada May 8-10, 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. IMGL Spring Conference Montreal, Canada May 8-10, 2013 Moderator: Robert W. Stocker II, Member, Dickinson Wright PLLC, Michigan Speakers: Thomas N. Auriemma, Member, Compliance Comm., Penn Gaming. William Bogot, Legal Counsel, Illinois Gaming Board, IllinoisTiffany Conklin, Commissioner, California Gambling Control Commission. Christopher W. Hinckley, Legal Counsel, Missouri Gaming Commission. John Maloney, Principal and General Counsel, Law Offices of John K. Maloney. Sean McGuinness, Partner, Lewis & Roca, NevadaDonna More, President, More Law Group, Illinois Robert Saucier, CEO, Galaxy Gaming John Barron, General Counsel, Ohio Casino Control Commission

  2. INTRODUCTION Like to speak about: • Recent Regulatory Reform Efforts - IMGL Spring 2012 - Focus on 4-5 Achievable Reforms • Existing & Emerging Challenges 3. Status - Reform Efforts/Changes 4. Suggestions Moving Forward

  3. Regulatory Reform • American Gaming Association (AGA) AGA – White Paper, “Improving Gaming Regulation” February 2011 & web site resources. • IMGL Spring Conference 2012 Analyzed & discussed AGA’s 10 Reforms. Identified 4-5 suggested reforms as “palatable, practical, and possible.”

  4. Regulatory Reform AGA’s White Paper 10 Recommended Reforms (IMGL’s in bold) • License Terms – Indeterminate or 5 Yrs • Use of Uniform License Applications • Inst. Invest. Waivers set at 25% • Shelf Approvals – Debt x-actions, Public Offerings • Outside Dir. – Registration • Unnecessary Regulatory Filings – Eliminate • Licensing Practices/Procedures – Update • MICS – Eliminate 9&10. EGD’s – Reduce approvals (shipment & otherwise) IMGL’s 5th Recommendation (4 others bolded/underlined above) is “Close the technological gap b/w Industry and Regulators.”

  5. Regulatory Reform Identifying Further Challenges • What should be the focus of licensing? 2. Licensing of non-gaming entities? • Regulatory Approach - What are appropriate standards of consideration & treatment? • Centralized data bank? • Keeping up with a speeding train – The role of testing agencies? • Solutions and Remedies. 7. Accomplishing substantive change.

  6. Regulatory Reform What should be the focus of licensing? • Integrity • Experience • Criminal Background • Technical Gotcha?

  7. Regulatory Reform Licensing of Non-Gaming Entities • Differing Rules and Expectations, per jurisdiction. • Necessity - considering existing power to control? • Technology and access to information made this requirement obsolete? • Cost of goods & services to Industry?

  8. Regulatory Reform Regulatory Approach – Appropriate Standards of Consideration & Treatment. Regulatory Use of Confidential Information: • Dissemination • Sharing per MOU’s Cost Burden: • Impact of Technology? Transparency: • Availability • Licensing Decisions Establishing Standards: • Investigatory Resources • Specialist Qualifications • Regulatory Travel

  9. Regulatory Reform Centralized Data Bank? • Restricted access • Periodic updates • Uniform information • Cost savings

  10. Regulatory Reform Keeping up with a “speeding train.” • Reduced or overburdened staff. • Effect on gamingindustrybusiness. • Impact of technology and access to information. • Testing laboratories.

  11. Regulatory Reform Solutions & Remedies • License Terms – Indeterminate or 5 Yrs. • Uniform License Applications & Central Data Bank • Institutional Invest. Waivers set at 25%. • Outside Directors – Registration. • Close the technological gap b/w Industry and Regulators. • Cross Pollination

  12. REGULATORY REFORM Accomplishing Substantive Change Possible Solutions & Remedies: • Summits b/w Regulator & Industry. • Regulatory Reform Committees: Legislature, Industry, and/or Regulator

  13. Regulatory Reform Action Plan?

More Related