Online Casino Regulation in Antigua to Get Tuffer

In an attempt to recover lost credibility, the Antiguan Directorate of Offshore Gaming stated it will increase watching and inspecting of online Betting System and Offshore Betting casino for complaisance.
 The honor Antigua and Barbuda took in getting the gambling White Listing by the UK Gaming Commission was shaken after the disclosure of the regulatory misfortunes that occurred as part of the Allen Stanford banking disaster.
 In an attempt to recover lost trustworthiness, the Antiguan Directorate of Offshore Gaming announced it will boost observation and inspecting of online asino for compliance.
The Directorate is a branch of the Financial Service Regulatory Commission, which controls the island’s banking commerce. The efficiency of the commission has been called into effect by the Stanford situation, in which Allen Stanford was arrested and his international banking empire shut down by US agents.
Standford International Bank is based on Antigua. Leroy King, CEO of the commission, has been given two month’s go away while the events are investigated.
For the time being, online gambling industry promoters can expect a trickle-down of the harm to result in stricter atmosphere for them. The Director of Gaming, Kaye McDonald, said, They (Internet casino owners) identify that a strong regulatory system defends their players and increases the credibility of the industry in general, which is in everyone’s joint interest.”

McDonald confirmed there will be firmer watching for money laundering prevention, proper transparency, and liability of all licensed online casinos. Antigua also intensifies that its licensees maintain programs to help and facilitate victims of problem gambling, and follow responsible gaming habits.

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