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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, Richards 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 Bermudas tourism and economic development.The Commissions task is to execute the Casino Gaming Act 2014, designed to increase employment and investment through casino development. By columnist Nathan Kowalski CPA, CA, CFA, CIM, Chief Financial Officer of Anchor Investment Management Ltd. A gaming senior executive from the United States has been appointed executive director of the Bermuda Gaming Commission.
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."In Part 1 we briefly went through the theory and history of innovation on employment.Then we covered two aspects that affect Bermuda: the pace of change and the occupational risk mix.Today we will look at the implications for Bermuda. Four new benefits and one improved benefit will be introduced for HIP and Future Care policyholders tomorrow but premiums will also go up for 2015-16.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.