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NEWS & EVENTS

CASINO REGULATORY AUTHORITY OF SINGAPORE SIGNS MEMORANDUM OF UNDERSTANDING WITH NEVADA GAMING CONTROL BOARD

26 May 2011

CASINO REGULATORY AUTHORITY OF SINGAPORE SIGNS MEMORANDUM OF UNDERSTANDING WITH NEVADA GAMING CONTROL BOARD

Mr. T. Raja Kumar (left), Chief Executive, Casino Regulatory Authority and Mr Mark Lipparelli, Chairman, Nevada Gaming Control Board exchanging the signed Memorandum of Understanding



The Casino Regulatory Authority of Singapore (CRA) signed a Memorandum of Understanding (MOU) with the Nevada Gaming Control Board (NGCB) today.



2. The MOU was executed by Chief Executive of the CRA, Mr. T. Raja Kumar and Chairman of the NGCB, Mr Mark Lipparelli at the NGCB’s office in Las Vegas, Nevada.



3. The agreement marks the first MOU which Singapore has signed with an international gaming regulator. The MOU paves the way for enhanced collaboration in the field of gaming regulation between CRA and NGCB. The areas of cooperation will include the sharing of information, expertise, knowledge and skills as well as exchange visits and training. Further to that, CRA and NGCB will hold a bilateral meeting on an annual basis.



4. Speaking at the MOU signing, Mr. T. Raja Kumar said, “Our relationship with the Nevada Gaming Control Board goes back to the days when the CRA was first being set up and still learning the ropes in this industry. Nevada’s experience in regulating casinos and their open sharing on regulatory best practices have been useful to the CRA as we were developing the casino regulatory framework for Singapore. I am pleased to cement our close working relationship with this MOU and look forward to working with Nevada in all aspects of casino-related exchanges.”



5. Chairman Lipparelli added, “As our licensed gaming operators expand their businesses globally, we believe it is critical to establish and foster meaningful relationships with regulatory bodies in different parts of the world. The CRA has established a respected plan for regulation and they share many of our philosophies for appropriate regulatory oversight. This agreement makes formal the strategic ties we have developed with 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.”



Corporate Communications Unit
Casino Regulatory Authority of Singapore &
Nevada Gaming Control Board
26 May 2011