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Compliance: The key for Asian markets knocking on US and Europe’s doors

Shirley Pulis Xerxen July 11, 2023
Compliance: The key for Asian markets knocking on US and Europe’s doors

As the Asian gaming industry grows, so does the importance of compliance, as regulators work to curtail any form of misconduct. Additionally, operators and manufacturers operating in regulated markets are facing higher standards they need to abide by. Compliance is key for Asian manufacturers looking to have a global reach and expand to markets in the US and Europe. In an interview with , Kirk White, BMM Testlabs’ Exec VP for Asia Pacific & Africa argued that this trend applies to both land-based and online gaming products.

Crucial role gaming laboratories play

Gaming laboratories like BMM Testlabs, and others, have seen an increase in requests for testing and certification of online systems and games, land-based product certifications for slot machines and systems, random number generator (RNG), cybersecurity services and ISS / ISMS audits.

BMM Testlabs’ aims to strengthen its presence in hubs like Macau and Singapore by strengthening regional teams, elevating local teams, and emphasising service at local and regional levels in customers’ same time zones.

Gaming laboratories will have a very important role to play in other emerging markets in Asia like Japan, with its first casino set for the Osaka integrated resort and others like India, Thailand or Saudi Arabia that are thinking about legalising and enacting stricter gaming laws.

As the Asian market recovers and finds a new normal post-Covid, the number of existing and emerging manufacturers and suppliers in the region has grown significantly. Kirk White says that many other regions of the world see prospects in the Asian market, especially as the level of regulation in the area rises.

The gambling industry in Asia is also immensely varied, with some countries, like the Philippines, offering everything from offshore gaming to sports betting, land-based gaming, and inland online gaming.

However, the regional markets are still figuring things out. While older markets, like Macau and the Philippines, endure changes in Electronic Gaming Machine (EGM) requirements, emerging countries continue to strive to meet AML/CFT and reporting criteria.

Interested in iGaming and learning more about compliance? SiGMA is coming to Manila, The Philippines

Join us in Manila from the 19 -22 July for the SiGMA Asia International summit. The event is endorsed by PAGCOR and will take place at the SMX, Manila’s largest expo centre. Look at the stellar list of speakers here.

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