8/20/19
GAMING VENDOR INVESTIGATION
• WHEN REVIEWING THE BACKGROUND RESULTS ARE YOU IN COMPLETE UNDERSTANDING OF WHAT THOSE RESULTS TRULY MEAN? (SELF REFLECTION) • ARE YOU PARTICULARLY INTERESTED IN THE CRIMINAL ACTIVITY OF THE APPLICANT? • ARE YOU INTERESTED IN THE BUSINESS ETHICS OF THE APPLICANT? • ARE YOU INTERESTED IN THE FINANCIAL STATUS OF THE APPLICANT? • ARE YOU INTERESTED IN THE OTHER JURISDICTIONS THAT THE APPLICANT IS LICENSED IN AND IF THERE ARE ANY REGULATORY INFRACTIONS TO THE LICENSE?
WHAT SHOULDWE KNOWABOUT GAMING VENDORS: • EVERYTHING! IT IS YOUR RESPONSIBILITY, • UNDERSTAND WHAT A PUBLICALLY TRADED COMPANY COMPARED TO A NON-PUBLIC COMPANY, • UNDERSTAND WHAT THE FINANCIAL RECORDS ARE AND WHAT TO LOOK FOR WHEN REVIEWING THEM. WE REALLY WANT TO MAKE SURE THAT THE COMPANY IS FINANCIALLY STRONG, ESPECIALLY IF THEY ARE FINANCING THE CASINO PROJECTS OR ARE COMMITTING TO SELLING THE CASINO A LOT OF PRODUCT. • TO STAY IN COMPLIANCE WITH IGRA/NIGC YOU WANT TO MAKE SURE THAT THE COMPANY IS NOT “IN BUSINESS” WITH ANY ORGANIZED CRIME, THIS WILL NORMALLY COME UP IF AN INDIVIDUAL WHO YOU HAVE BACK GROUNDED HAS A CRIMINAL RECORD.
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