A Memorandum of Understanding (MOU) was signed last week between the Nevada Gaming Control Board (NGCB) and the Casino Regulatory Authority (CRA) of Singapore for the purpose of creating a platform for international collaboration which will lead to the sharing of knowledge, skills, information, expertise and also exchange visits and training. The Casino Regulatory Authority and the Nevada Gaming Control Board will also be holding bilateral meetings annually.

Mr. R Raja Kumar, Chief Executive of the Casino Regulatory Authority and Mark Lipparelli, Chairman of the Nevada Gaming Control Board executed the Memorandum at the Nevada Gaming Control Board’s office in Las Vegas, Nevada. This is the very first Memorandum of Understanding agreement ever signed by Singapore with an international gaming regulator.

Mr. T. Raja Kumar, speaking at the signing of the Memorandum of Understanding said “Our relationship with the Nevada Gaming Control Board goes back to the days when the Casino Regulatory Authority was first being set up and still learning the ropes in this industry. Nevada’s experience in regulating casinos and their open sharing on regulatory best practices have been useful to the Casino Regulatory Authority as we were developing the casino regulatory framework for Singapore. I am pleased to cement our close working relationship with this Memorandum of Understanding and look forward to working with Nevada in all aspects of casino-related exchanges.”

Mark Lipparelli, Chairman of the Nevada Gaming Control Board, said “As our licensed gaming operators expand their businesses globally, we believe it is critical to establish and foster meaningful relationships with regulatory bodies in different parts of the world. The Casino Regulatory Authority has established a respected plan for regulation and they share many of our philosophies for appropriate regulatory oversight. 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.”

Nevada also signed a similar agreement with the Alderney Control Commission this year which resulted in the formation of future cooperation between the two and probably in anticipation of changes in online gambling legislation in the United States.