Online news in the bookmaking industry showed new horizons and growth for leading software supplier of efficiency and compliance to gaming industry, NEWave. The company added one more area of bookmaking properties in its list of recipients for its innovative and new software called Title 31. St. Louis in Missouri is the new gambling capital where NEWave software has installed and integrated to the gambling properties in St. Louis and their existing platform. According to St. Louis sources, this newest installation and upgrade for the gaming site is one of the most innovative and technologically advanced out there today. The partnership with the bookmaking properties is deemed to be a very beneficial step for both bookmaking giants with the anticipated results being an increase in revenue for everyone.
St. Louis casino properties are proud to have in their platform be the newest Title 31 software by world leader NEWave. According to Jennifer Shasky Calvery, Director of FinCEN, the previously culminated Global Gaming Expo is the venue where NEWave introduced its newest updates and innovations with its Title 31 software. Based on a statement by Clair Rogers, senior VP of NEWave, Calvery reiterated it is not enough that gambling operators ensure the minimum compliance in their platform and operations. FinCEN clearly reminds gaming property owners and operators about the numerous and different regulations in terms of anti money laundering and other guidelines. Gambling sites are increasing their vigilance against this federal crime and the software development company is helping operators do this through the Title 31 software.
Prime gaming properties and operators whether land based or through the Internet are seriously complying with the rules. The Title 31 Manager for instance is one of the subcategories of the award winning modules and software suite from NEWave, myCompliance Manager. All in all, the Title 31 Manager functions to help gambling sites and properties comply with, complete, fill and archive forms which are required for the compliance standards of FinCEN particularly regarding its anti money laundering requirements. Moreover, there is real time cash transaction trackers integrated in the software as well as a checker with slot systems and 3rd party cashing and check suppliers. Consolidation of audits is likewise integrated with electronic filing.
