Around the world, gambling operators sign contracts with individuals who help bring high rollers to their casino floors. Companies that provide such activities are known as junket operators throughout Asia. In the United States, those who help bring high rollers to casinos are known as independent agents. It is no surprise that licensed gambling operators in Las Vegas, the gambling capital of the world, engage with independent agents who help boost their businesses.
Typically, independent agents can engage with wealthy individuals and access incentives for their clients. Unsurprisingly, independent agents typically earn commissions based on individual clients they call casinos. Some agents work with multiple casino operators to ensure the best experience for customers who spend a lot of money.
Now, a new report says that the state's gambling watchdog has approved a change in the regulatory framework for independent agents registered in the state. As the Las Vegas Review-Journal reported, the Nevada Gaming Commission has approved a change in Regulation 25 for independent agents, which helps attract customers who play a high role in Nevada's casino operators.
Previously, gambling operators were required to submit mandatory quarterly reports that revealed financial data on independent agents working with them. This requirement was later changed to an annual report, before the most recent change. Under the new rules, licensed gambling operators are required to keep records of the activities of independent agents rather than submitting a report.
Under the changes, licensees must be able to present recorded material for independent agents working with them. They must keep such records for a period of five years and present them if they are examined by the state's gambling regulator. 파워볼사이트
Reduction of regulatory burden on gambling business operatorsThe amendment will effectively reduce the number of paperwork gambling operators have to go through each year. However, licensees will be required to keep information such as when they signed a contract with an independent agent, when the contract ended and how much the agent received.
According to Diane Presson, the supervisor of the NGC, there are more than 300 independent agents working with casinos across Nevada. She added that some of the agents have active business-to-business relationships with several resorts at the same time. Finally, Presson pointed out that while the committee will continue to monitor the activities of independent agents, it has decided to leave this at the "property level" rather than requiring operators to report the activities annually.