| Posted by: Burnt Toast at October 21, 2001, 5:10 pm | | Topic: Microgaming is it TRUE??? Forum: Winner Online |
A few things to point out here...
1. Just because MGS have a master license and offer sublicenses to their clients does not mean that they are a regulator - yes, in some way I would imagine they would be responsible for those companies they offer a sublicense to, but ultimately they still need to answer to the body that gave them the master license in the first place.
2. MGS have always touted self-regulation. By this I mean that it is in their best interest to keep their name clean and provide the best possible service to their clients - whether this actually means anything or not to players isn't really relevant.
3. Currently no MGS casinos operate in any regulated jursidictions - sure, they have licenses in places like Dominica etc., but other than probity checks (at most), they don't really need to comply with much.
4. If they can obtain a master license in a regulated jurisdiction, it doesn't decrease the checks in place in that region. First of all the basic MGS software would need to be certified, if that is done and each of their sub-licensees use a 'regulator controlled package' (for want of a better description), then everything should be fine. Note: probity checks are done on all 'close associates' and in the case of another company operating a sub-license they would be deemed a 'close associate' and therefore still be subject to the same probity checks.
5. If MGS obtain a master license in an unregulated jurisdiction, offering sub-licenses here are no different to each company obtaining their own license in the jurisdiction (probably just a bit cheaper), the fact that MGS have some controll over their operators at least give players some alternate place to complain to (yes, they will undoubtedly be biased towards their operator unless it could cause harm to the MGS name), but the player could still complain to the government body who gave out the master license (and probably get no response) and the outcome would be exactly the same if there was a master license there or not.
It all comes down to the jurisdiction they are operating in - MGS having a master license doesn't make them a regultor, if the government body issuing them the license is committed to regulation then they have total controll over all of the sub-licenses offered by MGS. If they don't actively get involved with regulation, then it's no different to all the other non-regulated casinos out there in the carribean and other regions like them.
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