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The Nevada Gaming Control Board Signs Agreement with Singapore’s Casino Regulatory Authority
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The Nevada Gaming Control Board has signed a memorandum of understanding with the Casino Regulatory Authority of Singapore. The new agreement will allow the agencies to share information, expertise, knowledge, skills, training, and will allow for enhanced collaboration on other business matters.

"As our licensed gaming operators expand their business globally, we believe it is critical to establish meaningful relationships with regulatory bodies in different parts of the world," Gaming Control Board Chairman Mark Lipparelli said in a statement.

"The CRA has established a respected plan for regulation and they share many of our philosophies for regulatory oversight," Lipparelli said. "This agreement makes formal the strategic ties we have developed with a respected regulator including benefits in the areas of exchanges of information on common licensees and reduction in cost and time spent for probity investigations."

Authority Chief Executive Raja Kumar commented by saying that Nevada has a lot of experience in regulating the gaming industry which will be "useful to the CRA as we were developing the casino regulatory framework for Singapore."

It is unclear what exactly Nevada expects to gain from the new partnership but there is no doubt that the Asian gambling market is experiencing rapid growth while the industry in the US continues to suffer from the recent recession.

As always, stay tuned to Casinofan for more news and updates.


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