Insight SOUTH AMERICA Regulation
differences too. “We’re not telling Latin American and Caribbean regulators that they should be following the same policies adopted in the U.S., or Europe, for example,” says Karen. “Instead, we advise on the way other jurisdictions have addressed similar concerns and issues so they can take those policies and regulations in consideration as part of their decision process. Each market is individual and unique. We listen to their concerns, understand their objectives, and we support them with detailed and very specific information to help them draw their own conclusions from all the available evidence.”
Before GLI begins working in any market, there must be regulation and regulators in place. Protecting clients from future risk means that legislation must be clear, standards must be set, with clarity over the rules and regulations, before GLI will consider certification. “We protect suppliers with accurate information about the market and at the same time we protect the regulator too,” outlines Karen. “If there are no clear standards in place, and there is not a clear recognition of GLI as a laboratory, we absolutely don’t get involved in that market.”
One of the great benefits of working with GLI is the transferability of GLI’s certifications from one market to the next. Comply with GLI 11, 12 or 13 (as an example) in one jurisdiction, and a supplier can transfer from one market to another with only minor changes according to specific country requirements. Te same applies to Latin American and Caribbean countries opening their markets to igaming. While
many are still in the ‘research’ stage of igaming adoption, the Missiones province in Argentina has already broken cover with tied land-based licensing and the adoption of the GLI-19 standard. Bahamas is another example of jurisdictions adopting GLI-19.
Colombia is currently looking to Spain to benchmark its igaming regulation and has consulted with the gaming industry for feedback regarding its draft regulation, which had been customized to accommodate the specificities of the jurisdiction. In the Caribbean, igaming is also taking shape, but here the jurisdictions are mostly looking to the U.S. for their inspiration. “We are going to see lots of hybrid rules and regulations, taking pieces of European and U.S. models,” states Karen.
“And there is a great deal of interest from Europe, Asia and North American igaming companies in Latin America right now as the licensing process is hotly debated. One of the great things about GLI University’s Regulator Roundtable events is that regulators have the opportunity to discuss directly with one another the issues they face and, where the igaming regulatory models had been part of our agenda for five years now. We’ve seen the adoption of monitoring and control systems across Latin America as a direct result of regulator feedback and positive experiences shared from regulator to regulator. Te next roundtable in Curacao in August is sure to be both an exciting and informative event for all Latin American and Caribbean regulators and Government Lotteries.”
“We’ve seen the adoption of monitoring and control systems across Latin
America as a direct result of regulator feedback and
positive experiences shared from regulator to regulator. The next roundtable in
Curacao in August is sure to be both an exciting and
informative event for all Latin American and
Caribbean regulators and Government Lotteries.”
NEWSWIRE / INTERACTIVE /
247.COM P37
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