Alderney Signs Gambling MoU With Nevada

by Amanda Banks, Tax-News.com, London

27 January 2011

The Alderney Gambling Control Commission has announced the signing of a Memorandum of Understanding with the Nevada Gaming Control Board (NGCB), which will lay a framework under which the two bodies will cooperate in the future on regulatory issues.

The agreement, signed on January 25, provides for cooperation in the areas of sharing of information, expertise, knowledge and skills as well as exchange visits and training.

Mark Lipparelli, Chairman of the NGCB, commented, “We are fortunate and appreciative of our relationships with governments around the globe similar to what we have developed with the AGCC. As our licensees continue their global expansion and among new business sectors, we must adapt as an agency. Formalizing these distant relationships is a benefit to all involved from many perspectives including cost, time and quality.”

André Wilsenach, CEO of the AGCC, added: “Cooperation with other regulatory bodies around the world is fundamental to being a successful regulatory body. Considering the Nevada Board’s long-standing history and experience of regulating gaming, we are very pleased to have formalised our cooperation with the Nevada regulator. We are looking forward to working with them in the areas of investigations, compliance and developing technical standards.”

TAGS: tax | business | law | international financial centres (IFC) | Guernsey | offshore | legislation | offshore e-gaming | Alderney | United States | standards | regulation

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