LGA participates in the first ever East meets West Regulators Summit
The Lotteries and Gaming Authority participated in the first ever East meets West Regulators Summit held between 23 and 25 May 2014 in Manila, the Philippines. The event was hosted by the Philippine Gaming Corporation (PAGCOR) and Cagayan Economic Zone Authority (CEZA) and supported by First Cagayan Leisure & Resorts Corporation (FCLRC), the International Association of Gaming Regulators (IAGR) and the International Masters of Gaming Law (IMGL). Ten countries were represented, with regulators and delegations from Australia, Cambodia, Germany, Malta, the Philippines, South Korea and Singapore amongst others. The event was also attended by several high profile service providers and experts involved in the gaming sector.
The summit was officially opened by President of IAGR, Mr Lau Peet Meng, followed by a welcome address by PAGCOR chairman and CEO, Mr Cristino L. Naguiat. The discussions and talks, including debates were focused on cross border communication, reciprocity of licence recognition, locals versus foreigners, remote gaming and anti-money laundering amongst other topics relating to the gaming sector. Some of the summit conclusions referred to the need for order in gaming regulation, regional co-operation to provide a framework for uniformity in probity checks, an approach to AML that is tailored to the gaming industry, crime mitigation and the adoption of robust responsible gaming principles.
Commenting on this event, Joseph Cuschieri, Executive Chairman of the LGA said: “This event was very important from an LGA perspective in that it provided more insight into the emerging Asian markets and the opportunities for collaboration it can present for Malta. My aim is to strategically develop stronger collaboration and ties with our Asian counterparts so that all available opportunities are explored and developed”.
Mr Cuschieri also participated in the annual meeting of the Gaming Regulators European Forum (GREF) held in Dublin, Ireland between 28 and 30 May 2014. Main topics on the agenda included the fourth anti-money laundering directive, national self-exclusion systems, gambling advertising, responsible gambling, match fixing and statistics. Malta will be hosting this forum in 2016.