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The President/CEO of the Canadian Gaming Association, Paul Burns, found time after a busy September of planes, panels, summits, forums and the like to have a lengthy conversation with Steve McAllister on a new episode of the Gaming News Canada Show presented by Bede Gaming.
Among the topics du jour:
Burns’s appearance in New York last week at the Betting Gambling Forum during the latest Brain Economy Summit, which produced a framework for player protection globally.
A postmortem from the SBC Summit Lisbon, including Burns’s participation in a “rise of alternative betting in North American” panel with Jared Beber, Alexandre Tomic, Paris Smith, Dino Stranomitis and moderator Brett Calapp.
The mini-flurry of fines recently imposed by FINTRAC against CNE Casino, BCLC and SIGA, and the need for anti-money laundering laws to be updated in the true north strong and free to better oversee the current gambling industry landscape. (By the by, the American Gaming Association has updated its best practices guide for AML compliance.)
More on the Canadian Gaming Association’s response to a recent op-ed in the Canadian Medical Association Journal about sports betting advertising and youth.
The CGA’s head honcho also provided some thoughts around his conversation with iGaming Ontario’s incoming President/CEO Joseph Hillier.
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Preventing Money Laundering in Canada’s Online Gaming & Sports Betting Industry
The prevention of money laundering in the Canadian gambling industry, especially in the still-young world of online gaming and sports wagering, is a hot-button issue with all stakeholders.
To dig into the topic, with suggestions to bring Canada’s anti-money laundering laws in sync with the new world of gaming, a new episode of the Get to Know Canadian Gaming podcast brought together CGA President/CEO Paul Burns and Senior Advisor Amanda Brewer, and Derek Ramm – the Global Head of Advisory Services for Kinectify and a member of the CGA board of directors.
Ramm, who has an extensive background in AML issues including time with the Alcohol and Gaming Commission of Ontario, shone a spotlight on the current laws in Canada and the concerns with them from the gaming industry. Burns talked about the current efforts by the Canadian Gaming Association to advocate changes to the laws with the federal government, and working with stakeholders to do business under the current laws. Brewer, who hosted a panel on AML at the Canadian Gaming Summit in June, discussed the key takeaways from that discussion.
The panel also weighed in on the current AML landscape in the Ontario market, and the conversations that are taking place around the imminent opening of a regulated, competitive marketplace in Alberta.
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