Control board signs deal to work with Singapore authority

The Nevada Gaming Control Board has signed a memorandum of understanding with the Casino Regulatory Authority of Singapore allowing for enhanced collaboration between the two licensing authorities.

"As our licensed gaming operators expand their business globally, we believe it is critical to establish meaningful relationships with regulatory bodies in different parts of the world," Gaming Control Board Chairman Mark Lipparelli said in a statement.

The agreement will allow the agencies to share information, expertise, knowledge and skills as well as exchange visits and training. Both agencies will hold an annual bilateral meeting.

"The CRA has established a respected plan for regulation and they share many of our philosophies for regulatory oversight," Lipparelli said. "This agreement makes formal the strategic ties we have developed wit a respected regulator including benefits in the areas of exchanges of information on common licensees and reduction in cost and time spent for probity investigations."

Authority Chief Executive Raja Kumar said Nevada's experience in regulating the gaming industry and its willingness to share information was "useful to the CRA as we were developing the casino regulatory framework for Singapore."