Inside Asian Gaming

July 2011 | INSIDE ASIAN GAMING 55 andTST can nowassist newand emerging markets in developing the proper technical controls and regulations to facilitate the markets,” said GLI President/ CEO James Maida. “Regulators who are contemplating iGaming regulation will be better able to institute these technical regulations in their new markets, as they are already accepted by the industry.” GLI-19 is a technical standard based on an extensive review of several key interactive gaming jurisdictions which have experienced great success in regulating the inherently complex systems associated with iGaming. GLI-19 is the culmination of more than a year’s worth of in- depth consultation with iGaming regulators, software developers and operators from around the world. GLI and TST were the lead in compiling GLI-19, and the consortium of seasoned regulators, suppliers and operators provided valuable assistance in comment and review. GLI-19 is the first set of common standards for technical regulation of iGaming markets. It encompasses the best practices in regulated jurisdictions from Europe and Canada, where the majority of iGaming regulation is currently occurring. GLI-19 is available for free, immediate download on GLI’s and TST’s websites at www. gaminglabs.com and www.tstglobal.com. GLI-19 is separated into two distinct areas: supplier requirements and operator requirements. This is the first time a GLI Standard has been separated. “This separation was suggested by the expert team of regulators, suppliers and operators we consulted with on this project, and will help to streamline the industry,”Mr Maida said. Mr Maida said, “With GLI-19, we are sending a clear signal that we continue to support regulated iGaming markets growth by providing an industry-approved standard based on the best input from industry participants and regulators. This standard will give regulators contemplating iGaming regulation the confidence that guidance on regulation, player protection and industry best practices is available in an off-the-shelf solution that is to the benefit of all industry participants.” Casino moguls smooth over contentious relationship According to an article in the Las Vegas Review-Journal , Steve Wynn and Sheldon Adelson have buried their animosity after years of open antagonism. In recent weeks, they have publicly said nice things about each other and their respective casino companies. The article suggests that while “the chairmen of Wynn Resorts Ltd and LasVegas Sands Corp are not heading out for a couples retreat on Wynn’s yacht in the Mediterranean, “it isn’t out of the scope of reality, however, that we might see their companies working together on industry issues in the US (Internet gaming legalisation) and overseas (continued expansion into foreign casino markets).” It adds: “Once they put their overpowering personalities aside, Wynn and Adelson are probably on the same page concerning many of these matters.” Mr Wynn told Dow Jones News Service the allegations raised against LVS by Steven Jacobs, the company’s fired Macau chief executive, in a wrongful termination lawsuit, are garbage. Mr Wynn said “it’s not in the cards” that Mr Adelson wanted to use improper leverage against the Macau government. He also praised Mr Adelson’s “bravura” and success in Macau. Mr Adelson returned the favor on 10th June at LVS’s annual shareholders meeting in New York. When questioned about Mr Wynn, Mr Adelson said he “had a lot of respect” for his rival and the company. “We are not trashing each other,”Mr Adelson said. “We are trying to help each other.” He added he was looking forward to dinner with Mr Wynn “and his new wife.” MrWynn used to refer toMr Adelson as“Mr Magoo, with an edge.” In 2006, Mr Adelson told Time magazine he was no longer concerned about Mr Wynn because his rival cared more about what people thought of his casino designs than making money. When present-day Macau was in its early stages, Mr Adelson tried to get Mr Wynn to invest with him in building the Cotai Strip. He was rebuffed when Mr Wynn said publicly that Cotai“was a stupid idea.” Now, Mr Wynn is in the design stage on his own 52-acre site on Cotai. James Maida Giving praise where it’s due—SteveWynn flanked by (from left to right) Wynn Macau’s Vice Chairman Allan Zeman, COO Linda Chen, and President Ian Coughlan Vindicated on Cotai—Sheldon Adelson Briefs