Gaming machine operators to come in for greater BGLC scrutiny Loop Jamaica
Black Immigrant Daily News
Local gaming machine operators will soon come in for greater scrutiny from the state regulatory body, the Betting Gaming and Lotteries Commission (BGLC), Director of Compliance, Laurie Wiggan says.
According to Wiggan, the BGLC recognises the need to close the gaps that currently exist in some areas of its regulatory oversight.
Among the areas, she noted, are enhancing the technical standards for locally-made gaming machines; requiring all operators of locally-made gaming machines to have meters by a particular time and to be registered under the Trade and Business License/Spirit License and requiring the self-reporting of meters and revenue generated.
Wiggan was speaking on the topic of developing a culture of compliance among operators of gaming machines at the recently held Anti-Money Laundering/Counter Financing of Terrorism Conference hosted by the Jamaica Institute of Financial Services (JIFS) and the Jamaica Bankers Association (JBA).
Under the current laws, gaming machine operators are also not required to declare or pay taxes on the revenue generated by the machines, Wiggan told the gathering of financial services providers, describing the situation as “the elephant in the room.”
Under the BGLC Act, the only thing that is required of the gaming machine operators is that they are licensed annually, she said.
“We see that as a gap because they are coming to you with the take-ins [from the machines]. However, there is no validation because it is not required by law. The taxes that are paid are only from slot machines, that is the regulations,” she said speaking to the difference in dynamics for gaming lounge operators and operators of bars who have gaming machines at the locations.
“So, we are trying to capture the loopholes and close the gaps as we go along,” she said.
Since the sector operates on an “all cash” basis, self-reporting of their revenue generation will bring more formality to the sector, which has nearly tripled the number of machines in operation since 2018, moving from 8,000 to 22,000 up to April of this year.
“We also want them to have self-reporting because I do understand from the financial institutions, you are getting information from these operators about the take-ins but we [the BGLC] don’t have that information. We will have to put that in regulations mandating that that becomes a requirement,” she said.
“It has not been discussed with them as yet because we have to have the consultation period then roll it out,” she said.
The BGLC has also seen gaming machines that lack technical soundness and proper security features, Wiggan said noting that gaming machines used in the space are manufactured locally with imported parts.
“We see where the serial numbers on the machines have not been etched in the machines…we see matters where the motherboards are moving around and do not have a serial number…so we do see a lot of things happening in that space,” Wiggan said.
Interestingly as well, operators of gaming machines often obtain a licence from the BGLC but fail to secure a Trade and Business/Spirit Licence, the BGLC director conceded.
“So, what happens is that we will issue the [BCGL] licence pending those operators receiving the Spirit/Trade and Business licence and sometimes they don’t actually get the licence,” she said.
This happens for a number of reasons, she explained.
For example, “They have to go to the court and when they go they don’t hear their names called and they have to go back. That process needs a little bit of tightening up,” she said.
By Tameka Gordon
NewsAmericasNow.com

