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Shawn R. Reid Nevada Gaming Control Board Match Fixing Is it the biggest threat to the gambling industry in the 21 st century? October 29, 2014.

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Presentation on theme: "Shawn R. Reid Nevada Gaming Control Board Match Fixing Is it the biggest threat to the gambling industry in the 21 st century? October 29, 2014."— Presentation transcript:

1 Shawn R. Reid Nevada Gaming Control Board Match Fixing Is it the biggest threat to the gambling industry in the 21 st century? October 29, 2014

2 As of June 30, 2014 there were a total of 183 licensed sports pools in Nevada Over the last ten years Sports Pool Win has averaged 1.4% of total gaming win in Nevada (FY 2014: 6.08%) 2

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5 Increase in handle/Increase in hold – Licensees were luckier in Football Attempts to increase handle Mobile Apps (smartphones) – Intrastate More betting options (small portion in-running wagering) 5

6 Nevada’s goals are similar to the goals of the IOC, NGCB signed an MOU with IOC in January 2014 and is a member of the IOC’s Integrity Betting Intelligence System (IBIS). Create a framework for transparency, confidentiality and trust between stakeholders Safeguard sports from any negative influence connected to sports betting Work closely with law enforcement (Federal/State/Local) Work closely with licensees Work closely with sports governing bodies NRS Fraudulent Acts. It is unlawful for any person: (8) To offer, promise or give anything of value to anyone for the purpose of influencing the outcome of a race, sporting event, contest or game upon which a wager may be made NGC Regulation 22 Governs wagers on Athletic Sports Events Details prohibited Wagers on professional and collegiate sport or athletic event Process for approval/denial of wagers on non-sporting event Burden on licensee to “prevent the circumvention of this regulation” Reports of suspicious wagers Know your customer Internal Controls 6

7 Match fixing is a risk. Regulated sports betting framework helps to minimize: Risk to the gambling industry Risk to patrons Risk to State/Country/Jurisdiction Risk to sport Unregulated/Illegal wagering on sports makes these risks greater NRS Unlawful to expose for play in Nevada a sports pool without first being licensed Off-Shore sports betting site exposing sports wagering in Nevada Jurisdiction issues and remedies Cease and desist Letters? Prosecution (Local/State/Federal)? 7


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