They certainly do things differently Down Under. Take the case of International Game Technology (IGT), the world’s largest manufacturer of gaming devices, and the Victorian Casino and Gaming Authority in Australia.
According to allegations made last week, IGT paid $400,000 to the Authority to reimburse regulators for the expenses they incurred in an investigation of the company. The practice of reimbursement is common in many jurisdictions including Nevada which requires all license seekers to underwrite the cost the Nevada Gaming Board incurs while determining whether the applicant is worthy of licensing.
That’s not the way they do things in Australia, so a report that the payment was made by IGT has resulted in calls by gaming opponents that the money be returned. Also, the opponents are demanding the resignation of two top gaming regulators.
Press reports indicate that the provincial government plans to introduce new legislation that would ban such payments.