- Overlapping standards and compliance efforts lead to duplicated efforts to maintain compliance. This redundancy not only wastes resources but also complicates the compliance process for operators.
- The high stakes of noncompliance can result in severe consequences, including fines, the loss of an operator’s license, and significant damage to their reputation.
- There is a lack of a standardized IT gaming compliance framework, making it difficult for operators to implement effective compliance measures, leading to inconsistencies and potential regulatory breaches.
Our Advice
Critical Insight
An IT gaming compliance framework illustrates the relationship between different obligations of an effective and lawful gaming strategy, allowing the organization to test once and attest to many industry IT obligations.
Impact and Result
- Reduce complexity within the IT gaming control environment by using a single framework to align multiple compliance regimes.
- Provide senior management with a structured framework for making business decisions on allocating costs and efforts related to IT gaming compliance obligations.
- Ensure continuous monitoring and improvement to update the compliance management tool accordingly while conducting periodic reviews and audits to ensure the business remains compliant.