Greek Gambling Reform Coming to a Dead End [...]
Antigua Leisure & Gaming Association is Now in Business
- January 17, 2017 By Nemanja L. -
Licensed gaming companies operating out of Antigua have teamed up to establish a new body designed to improve the relationship with local gaming regulators.
The new association will be called Antigua Leisure and Gaming Association (ALGA) and their members will be able to find out all about the current affairs and latest updates on their official website www.alga.ag.
The first meeting was held on 13th January and the members have elected Nigel Pigott as the president. Pigott is an industry veteran with over 20 years of experience in online gaming, banking and retail, who is also the vice-chairman of the Paralympic Committee of Antigua and Barbuda.
Pigott was head of Antigua’s team at the 2012 London Paralympic Games and also spent some time working for Playtech Antigua.
The ALGA members have outlined a number of plans and actions they hope to put into motion in the coming months, with the first item on the list the government’s intention to draft a new Gambling Act.
Current Gambling Authority Likely to be Replaced
Antigua plan to replace Financial Services Regulatory Commission (FSRC) as the country’s Gambling Authority due to its ineffectiveness, which is definitely good news for the gaming operators.
FSRC recently proposed seriously increasing taxes for licensed gaming operators and introduction of know your customers requirements for transactions involving digital currencies, despite both the government and the operators being against those measures.
The Financial Services Regulatory Commission has also revealed few more controversial plans that threaten to seriously hurt the country’s gaming industry, but it appears that government and ALGA will work together to ensure Antigua remains an appealing gaming destination for world’s leading gambling companies.