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Kahnawake Gaming Commission reaches Antigua deal

21 Jun 2010

(PRESS RELEASE) -- The Kahnawake Gaming Commission (KGC) and Financial Services Regulatory Commission for Antigua and Barbuda (FSRC) announced today that they have signed a Memorandum of Understanding (2010 MOU) that establishes an innovative regulatory relationship between the two Commissions.

The 2010 MOU builds and expands on the relationship first established between the KGC and the FSRC when in 2005 they signed a Memorandum of Understanding (2005 MOU) that facilitated the exchange of information regarding their respective licensees.

The 2010 MOU will enable a process under which an operator that holds a "Primary Licence" in either jurisdiction can apply to the other jurisdiction for an "Inter-Jurisdictional Authorization". The holder of an "Inter-Jurisdictional Authorization" will be entitled to be hosted in either jurisdiction. The regulatory body that issues the "Primary Licence" will regulate and supervise all of the operator's activities within both jurisdictions.

The 2010 MOU is designed to recognize the inter-connectedness of remote gaming regulators – providing operators an unprecedented degree of flexibility for their licensing and hosting needs – while respecting the independence and international obligations of each jurisdiction.

The 2010 MOU comes into effect 90 days from the date of signature, to allow each jurisdiction the time to complete the necessary amendments to their regulations.
 
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