The Bermuda Gaming Commission has appointed its new executive director, a former gaming senor executive from the United States.

Stepping down from his role as commissioner for the California Gambling Control Commission last month, a position he has held since 2011, Richard Schuetz began work in Bermuda on September 1.

Schuetz’ previously held positions include, owner of Schuetzinc, a company that provided consulting services to gaming companies, a year-long stint as President and CEO of the Stratosphere Hotel and Casino, and Executive Vice President of the Frontier Hotel & Casino among others. He obtained a Bachelor of Science from the University of Nevada-Reno and holds a Ph.D. (ABD), Masters of Philosophy, Economics from the University of Utah, according to Schuetz’ LinkedIn profile.

In addition to his extensive experience as a casino operator, he sat on the board of 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.

Alan Dunch, the commission’s chairman who was appointed earlier this year, said, “All of us at the Commission are thrilled to have Richard join us in helping to introduce casinos to Bermuda.” Schultz stated, “It is a true honor 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,” as reported by The Royal Gazette.

When casino gaming is introduced on the Island, the commission will be tasked with its regulation, and execution of the Bermuda Casino Gaming Act of 2014 (PDF). It will be the only entity which will determine gaming licensure. Only three casino licenses may be in effect at any given time as per the 2014 legislation, and license transfer is prohibited without the submission of a new application. Approval of casino layout and gaming equipment are included in the commission’s powers as well as distribution of licenses for key casino employees.

2 Responses

  1. Steven Norton

    Twice I have worked with Richard Schuetz at Nevada casinos. His intelligence and understanding of the operating and marketing side of a casino resort, as well as his experience as a gaming educator and regulator, are truly unique. Bermuda could not have made a better choice as they determine the style of casino resort they want for Bermuda. The Country has already made the wise choice not to follow the Puerto Rico experience, where every small hotel can have a casino. There many hotels have already closed their casinos. By limiting the availability, the Gaming Commission can insist on a complete experience, including the minimum number of rooms, dining variety and entertainment, aside from the casino games. Hopefully Bermuda can get a casino in operation by the start of the America’s Cup competition, a time that will bring much great free publicity to your Island destination.

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