American lands Gaming Commission role
A gaming senior executive from the United States has been appointed executive director of the Bermuda Gaming Commission.
Richard Schuetz will leave his post as commissioner for the California Gambling Control Commission to start work on the Island on September 1.
According to a statement from the Bermuda commission, Mr Schuetz has worked as a senior executive in the gaming markets of Las Vegas, Atlantic City, Reno/Tahoe, Laughlin, Minnesota, Mississippi, and Louisiana.
He has served on the boards of Shuffle Master Gaming, the Stratosphere Hotel and Casino, where he was also president and CEO, and Casino Publishing.
He also sat on the International Advisory Board for the Institute for the Study of Gambling Commercial Gaming at the University of Nevada, Reno, and was the Co-moderator of the Institute's Executive Development Program.
Commission chairman Alan Dunch stated: “All of us at the Commission are thrilled to have Richard join us in helping to introduce casinos to Bermuda.
“His extensive experience as both a casino operator and as a regulator make him ideally suited to ensure that the Bermuda casino experience operates with a high degree of integrity, and offers an additional world-class tourism amenity for Bermuda.
“In addition, Richard's strong background in teaching and publishing on the subject of casino gaming and its regulation is exactly what the Commission needs to assist us in educating the people of Bermuda about the benefits of this new industry to the Island as a whole.”
Mr Schuetz stated: “It is a true honour to be entrusted with such an important task, and I am thrilled to be able to work hand-in-hand with the people of Bermuda to usher in this new chapter of Bermuda's tourism and economic development.”
The Commission's task is to execute the Casino Gaming Act 2014, designed to increase employment and investment through casino development.