Richard Schuetz, Author at GGB News

Author: Richard Schuetz

Richard Schuetz started dealing blackjack for Bill Harrah 47 years ago, and has traveled the world as a casino executive, educator and regulator. He is sincerely appreciative of the help he received from his friends and colleagues throughout the gaming world in developing this article, understanding that any and all errors are his own.

Raining on the Parade

Gaming veteran Richard Schuetz (l.) delivers a reality check with respect to problem gambling in a piece that recalls his first experience with problem gamblers. He suggests the gaming...

Published April 8, 2019

David the Hat

A new sports betting show is about to debut on ESPN, a dramatic reversal of that network’s previous views on gambling. But gaming veteran Richard Schuetz (l.) recalls when...

Published March 25, 2019

The Manel

Too often, when attending conferences, the seminar panels consist entirely of men, and should be renamed “manels.” While there certainly are exceptions, it is a disturbing trend that is...

Published March 11, 2019

Risk Management for Sports Wagering in a Casino Environment

Casinos don’t carry insurance policies on the money wagered so they must manage the risk themselves. When you throw sports betting into the mix, it gets complicated. Former casino...

Published February 25, 2019

The ‘R’ Word

The Washington Redskins organizations has been deluged with pleas to change its name because of its perceived racial slur. Current management has resisted that change. Why should it matter...

Published January 28, 2019

Integrity in Gaming Education

The legalization of sports betting has exposed the lack of understanding that most operators and more importantly, educators, have about the issue. And there are so-called “experts” that have...

Published January 21, 2019

The Importance of a Bad Example

Pennsylvania has chosen to ignore the proven taxation and regulation of online gaming and sports betting, installing fees and tax rates that—almost—scared off potential participants. Author Richard Schuetz (l.)...

Published November 19, 2018

Caesars Entertainment and the Notorious RBG

By appointing the first woman to their board Caesars Entertainment is joining progressive gaming companies who have finally woken up to the distaff sex. Richard Schuetz explains why this...

Published November 12, 2018

90-Day Wonders

Suddenly there are dozens of experts in the world of sports wagering who have never taken a bet in their life. While they opine eloquently on the subject, they...

Published October 27, 2018

The True Meaning of Labor Day

Unlike May Day in many countries where workers are recognized for the power they hold, Labor Day in the United States honors workers for the services they perform that...

Published August 27, 2018

Caught Sleeping: Kicking Butt and Taking Names

The first mobile sports betting application in New Jersey was introduced last week by DraftKings. What happened to the major gaming suppliers? Richard Schuetz explains why a nimble tech-savvy...

Published August 20, 2018

You’re Busted: eSports—The Sequel

When the daily fantasy sports industry crashed and burned, it was largely a result of its uncertain legal status. Could the same thing happen with eSports, particularly with the...

Published June 4, 2018

We Find these Truths to be Self-Evident

Crime and punishment are not always applied equally. The Nevada Gaming Commission made two decisions earlier this year that make one wonder whose side are they really on. Former...

Published March 26, 2018

A Nice Start

Nevada Governor Sandoval last week named Becky Harris as the first chairwoman of the state Gaming Control Board. Harris is only the second woman to sit on the board...

Published January 22, 2018

The Scourge of Golf Betting

The logic for legalizing iPoker, DFS and sports betting is that the activities are already happening so why not tax and regulate them? Good point, but what happens when...

Published November 6, 2017

WEEKLY FEATURE: A New Day for Caesars

The roots of Caesars Entertainment are proud and resilient. Recent history has been somewhat spotting, and the reformed Caesars Entertainment following the bankruptcy isn’t changing things very much. Richard...

Published October 23, 2017

Gambling and Risk Management In the Age of Trump & Twitter

Having a political opinion is usually accepted and condoned in the United States no matter what your perspective. But what happens if your political opinion may conflict with your...

Published December 12, 2016

One Is The Loneliest Number

The mystical power of the number one in the gaming industry is only surmounted by the impossibility of the number zero. Yet for many gaming companies, there are only...

Published November 28, 2016

Giving New Meaning to the Concept of the Gold Standard

The future of gaming in Nevada is apparently not much different from the past. While the industry is exploring the possibilities of eSports and daily fantasy sports, the “good...

Published November 21, 2016

An Interesting Eight Months in California

Former California Gaming Commission member Richard Schuetz (l.) has observed the last few months since his departure (he’s now the executive director of the Bermuda Casino Gaming Commission) and...

Published July 25, 2016