Spanky
Sometimes a person who thinks outside the box can make quite a difference to his field of endeavor. That’s the case with Spanky, a legendary sports bettor who launched...
Symptoms of Capture: The Nevada Gaming Control Board
How much influence does the Nevada gaming industry have over state regulators? That question has a series of long and complicated answers depending upon the circumstances, but none has...
Captured or Broken?
The recent regulatory decision to approve the purchase of the Venetian in Las Vegas by Apollo Management ignored the continuing role of former Chairman Leon Black. Could this just...
The Jedi Mind Trick and the Regulation of Nevada Gaming
The approval of Apollo’s purchase of the Venetian and Palazzo in Las Vegas by Nevada gaming regulators required some twisted logic. Richard Schuetz believes it must be a lawyer...
A Note to Jason Robins
Last week’s disastrous quarterly report where DraftKings CEO Jason Robins (l.) upped the estimated loss for the company to almost a billion dollars caused the company’s share price to...
Message From a Small Town
Is the Nevada regulatory system still the “gold standard”? Gaming expert Richard Schuetz believes it is tarnished, especially after last week’s hearing about the Apollo purchase of Las Vegas...
An Embarrassment of Riches
One of the centerpieces of the presentation when gaming is pitched to a new jurisdiction is how much it will benefit the community with better jobs and a higher...
Advertising and Sports Betting: It’s Not Done Till It’s Overdone
Threatening the sports betting operators with consequences if they don’t reduce the number of ads they run doesn’t work. Raising the price of advertising will. Let’s see fewer ads...
The Death of Me Yet
Why are casinos squandering the chance to ban smoking on the casino floor as the pandemic winds down? Gaming observer Richard Schuetz wonders if executives really care about the...
Vinny
Vinny Magliulo (l.) has a long history in sports betting but according to Richard Schuetz, his greatest attributes are his honesty and integrity. If that’s the lesson he could...
Dinner with Phyllis
Thanksgiving is a time of friends and family, and Richard Schuetz recalls a special occasion during his year of running the Stratosphere in Las Vegas and a dinner with...
Allow Me to Mansplain Something
Talk is cheap when it comes to discrimination in the workplace so it’s time women and supportive men up the ante on the gaming industry. Gaming observer Richard Schuetz...
Women Need to Understand their Place
Is the Taliban more honest than some conference organizers when it comes to how they view a woman’s place in the world? Richard Schuetz thinks so and believes we...
The Rest of the Story: Insights into the California Sports Betting Scene
California is the holy grail for sports betting. With more than 40 million people chomping at the bit to get started, there is money to be made. But will...
Asleep at the Wheel
Can regulators really understand the nuances of multi-billion-dollar transactions when even the most educated financial whiz has trouble? They missed the boat—along with a $150 payment to Jeffery Epstein—in...
A Picture is Worth a Thousand Words
Awards programs in gaming are usually harmless fun where the organizers get to stroke their sponsors, but when one awards program recently regaled the 52 judges it has lined...
California Screaming
Sports betting in California is a hot potato with several interested parties attempting to legalize it. The 107 tribes of the state want to control it as they control...
Black is Black
Richard Schuetz believes the black market is the gift that keeps on giving. Why? Because no matter how you slice it, there is little hope of dismantling illegal offshore...
Crime and the Financing of Casinos
When the infamous Jeffery Epstein (l.) can pay a principal of a company that controls major gaming corporations millions of dollars without the knowledge of the gold-standard regulators, you...
Political Malpractice and the Nevada Regulatory Experience
The mix of politics and regulatory bodies is inevitable, but when politics overtakes regulation, things can get messy. Former regulator Richard Schuetz believes that’s just what happened in Nevada...
