Gaming licensure is a topic that often gets overshadowed by the rapid growth of the gaming industry. However, industry expert Michael Pollock emphasizes that gaming licenses should be viewed as a privilege, not an entitlement.
Lawmakers are constantly faced with decisions regarding gaming policy, and the options available have expanded in recent years. One such option is distributed gaming, where slot machines are placed in various locations without the need for licensing or regulation. Before considering such a policy, lawmakers should think about its potential impact on other forms of gaming and public confidence in gaming regulation.
Having been involved in gaming policy for nearly 50 years, Pollock emphasizes the importance of a licensing system based on good character, honesty, and integrity. This system provides licensees with privileges that encourage investment and operate within a framework that the public can trust.
Lawmakers in many states are now grappling with the challenge of addressing unregulated gaming within their borders. The decision to either remove unregulated machines or grant them licensure is not as straightforward as it may seem. Granting licensure to unregulated offerings could have implications for existing gaming establishments and capital investment decisions.
It is crucial to remember that a gaming license is a privilege earned by demonstrating good character and integrity. This principle is essential for maintaining public trust in the gaming industry. Regulation of gaming involves ensuring fairness in games, transparent revenue accounting, effective monitoring of funds, and responsible gaming practices.
Looking back at New Jersey’s efforts to establish a trusted gaming industry, it is clear that licensees had to earn their privilege. Lawmakers across the country should learn from this history and make decisions that may not be easy but are ultimately in the best interest of the gaming industry and the public.