Interactive Gaming Council congratulates B.C. Government on decision to regulate online gaming industry



    VANCOUVER, Aug. 25 /CNW/ - Last week the Government of British Columbia
announced its intention to expand its current online gaming offering in a
newly regulated environment. As the association representing the internet
gaming industry in regulated jurisdictions, the Interactive Gaming Council
(IGC) applauds the government for taking this positive and proactive step.
    "Like the B.C. Government, the IGC recognizes there are online gaming
companies that operate out of poorly regulated jurisdictions," said John
Kennedy FitzGerald, CEO of IGC. "However, IGC members are licensed and
strictly regulated in jurisdictions like the Isle of Man, Gibraltar and
Alderney, which are recognized by the United Kingdom as having the highest
regulatory standards in the world. Some of these jurisdictions have been
involved with regulating online gaming for nearly a decade."
    The IGC looks forward to working with the B.C. Government and the BC
Lottery Corporation as they develop their regulatory model. Regulation will
provide legal clarity for British Columbians and online gaming companies with
B.C. customers; harmonize standards with other leading jurisdictions to
enhance consumer protection; and provide additional tax revenue opportunities
for governments in challenging economic times.
    IGC members look forward to contributing to a vibrant online gaming
community that provides an open environment for legitimate online gaming
operators, while generating additional revenues to the B.C. government to fund
important programs like health and education.

    About IGC

    The IGC, a not-for-profit organization, was founded in 1996 in the US,
relocating to Vancouver, Canada, incorporating there in March 2000. The
organization was established to provide a forum for interested parties to
address issues and advance common interests in the global interactive gaming
industry, to establish fair and responsible trade guidelines and practices
that enhance consumer confidence in interactive gaming products and services,
and to serve as the industry's public policy advocate and information
clearinghouse. The IGC does what it has set out to do, and more.
    IGC membership has increased significantly since being founded, drawing
more and more attention from noteworthy industry groups to complement existing
leading industry players. We have members from the U.S., the U.K., South
Africa, Israel, Canada, the Caribbean, Australia, Denmark and Sweden -- to
mention a few. The IGC has built a reputation for reliability, integrity and
credibility through its high standards, and appeal to legitimate businesses.
    Additional information about the IGC can be found at www.igcouncil.org

    
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    Code of Conduct

    1)  Compliance: IGC Members will abide by the applicable laws,
        regulations and judicial determinations of the jurisdiction from
        which they conduct business and shall obtain the appropriate license
        in that jurisdiction in order to lawfully conduct their business. An
        IGC Member issued a license to conduct interactive gambling from a
        sovereign jurisdiction shall provide evidence of that license. Non-
        compliance with the terms and conditions of the license as identified
        by the licensing authority, or the absence of such a license, could
        be cause for the Board to decide there has been a breach of this
        Code. The terms and conditions of the license take precedence over
        the Code of Conduct.

        IGC Members are to comply with Codes approved by the Board and as
        advised to Members. From time to time the Board may also approve
        advisory codes for use by IGC Members.

    2)  Integrity and Accountability: To enhance customer confidence in
        gaming integrity, IGC Members agree to make every reasonable effort
        to ensure their systems, algorithms and practices perform in the
        manner intended and as portrayed to the customer. This would include
        satisfying regulatory requirements of the jurisdiction where the
        Member is licensed to operate, in order to permit access for
        inspection and review by an appropriately authorized person under the
        terms of that license. Any such access will take into account the
        need to protect confidential information. To ensure fairness of a
        game, the game performance should be analyzed by an independent,
        qualified person on a regular basis.

    3)  Consumer Privacy and Data Protection: IGC Members will design and
        operate their systems to afford customers privacy and
        confidentiality. Data protection is to be provided in accordance with
        generally accepted methods for protecting proprietary information.
        Where the information is not proprietary IGC Members will, upon
        request, make their confidentiality practices and procedures
        available to their customers. IGC Members will institute controls to
        detect and eliminate fraud and to protect data and their system(s)
        from internal and external breaches.

    4)  Truth in Advertising: IGC Members shall be truthful in all promotions
        and publish only accurate information about their business. IGC
        Members agree to make available the applicable rules, registration
        procedures and payout percentages for products that they offer. It is
        recommended that Members adopt the IGC's Advertising Code of
        Practice.

    5)  Audit Trails: In order to provide clear audit trails and
        accountability, IGC Members will retain detailed transaction records
        in accordance with Generally Accepted Accounting Practices which will
        be archived, accessible and auditable by any duly authorized person
        under the terms of their license or as otherwise agreed by the
        Member.

    6)  Dispute Resolution: IGC Members shall submit to the jurisdiction of
        the licensing authority for the resolution of disputes or to an
        independent dispute resolution service. In the absence of a dispute
        resolution process provided by the licensing authority and failing
        the disputing parties agreeing on another body for resolution, both
        parties may agree to submit to binding arbitration of the dispute
        before the IGC under such rules as the IGC shall then have in effect.

    7)  Limiting Access by Minors: IGC Members must institute controls aimed
        at preventing minors from accessing their gaming systems and shall
        not employ a minor in the operation of their business. The controls
        will require customers to affirm that they are of lawful age in their
        jurisdiction. Members shall institute reasonable measures to
        corroborate this information, including but not restricted to the use
        of age and identity verification services.

    8)  Controlling Compulsive / Problem Gambling: IGC Members will promote
        responsible gambling measures and, where applicable, implement
        procedures aimed at identifying and curtailing compulsive / problem
        gambling. The procedures instituted should be consistent with the
        IGC's Responsible Gambling Guidelines, including, but not limited to,
        providing referral and direct access to help and counseling
        organizations.

    9)  Banking and Transaction Processing: IGC Members will conduct their
        banking and financial affairs in accordance with generally accepted
        standards of internationally recognized banking institutions. Members
        will follow and adhere to all applicable jurisdictional laws
        pertaining to transaction reporting and will implement anti-money
        laundering procedures.

    10) Prize Payouts: IGC Members will ensure that there are adequate
        finances available to pay all current obligations and that working
        capital is adequate to finance ongoing operations. IGC Members will
        pay winnings and account balances promptly on demand other than for
        situations where there is suspected fraud or where winnings or
        account balances are in dispute.

    11) Corporate Citizenship: IGC Members must display good character,
        honesty and integrity to operate in the gaming industry, will act
        ethically and responsibly at all times and shall not, directly or
        indirectly, take any action or conduct any activity that is contrary
        to the best interests of the public or the industry, or which is
        unlawfully harmful to their fellow members. IGC Members undertake not
        to become involved in any activity that is, or which the Member
        reasonably suspects to be, unlawful. IGC Members shall endeavor to
        support public service initiatives in harmony with the jurisdictions
        from which they conduct their business, to design and implement their
        services in order that they preserve and protect environmental
        resources, avoid depiction of violence, do not target minors and are
        user friendly and generally accessible to the handicapped.

    12) Member Information: IGC Members agree to the IGC performing checks on
        the Member's compliance with the aforementioned criteria, at the
        direction of the IGC Board of Directors.
    





For further information:

For further information: Taryn Conroy, IGC, (416) 427-9011

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INTERACTIVE GAMING COUNCIL

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