GPWA Times Magazine - Issue 18 - October 2011

they’re giving more time to Full Tilt to find a buyer. The Kahnawake Gaming Commission said it will review the status of Absolute/UB player accounts in April, but hasn’t said word one about the situation since then. But as agents of the players – which is what regulators are in this instance – this silence is unacceptable. Players and the industry need to know that regulators care about things like accounting procedures and commingling of funds. They need to know that regulators care about keeping player funds safe. They need to know that when things are going wrong, regulators will step in to fix things. But right now, nobody knows that. The only thing they know for certain is that li- censing authorities will find a way to get paid. And if that’s the sum total of regula- tion, why bother with it at all? Vin Narayanan is the managing editor for the GPWA Times. He’s been covering the online gambling industry since 2006 and specializes in legal and regulatory issues. You can follow him on Twitter @casinocityvin.

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