2/6/23
REGULATORY MANAGEMENT
• First and foremost, the Tribal Gaming Regulatory Agency is responsible for COMPLIANCE
• But many times, the administrative processes take more time to deal with.
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• 5 Signs of a successful Regulatory Management organization
1. Fully developed regulatory documents : Many times, our governing documents are outdated. 2. Fully Developed Training Program For All Positions in the TGRA : Identify the weak areas in your organization and get training. Many times, the area need to get the most training is Technology (the management and use of technology). 3. A Developed Regulatory Management Plan : It is a trend right now that many TGRAs are operating in conjunction with the Casinos Business Plan. The Regulatory Management Plan should agree with the direction of the business plan. 4. Stable Funding : It is well known that the Commission does not generate any revenue, but it is necessary to have stable funding. Think about developing “value added reporting” processes. 5. Use of Tools : Many times, we purchase many tools to help us be good at our jobs, but unfortunately those “tools” don’t end up getting used.
REGULATORY MANAGEMENT
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