Risk Management Recommendations: Gaming/Casino Industry

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Essay #: 055516
Total text length is 14,699 characters (approximately 10.1 pages).

Excerpts from the Paper

The beginning:
Risk Management Recommendations: Gaming/Casino Industry
Title * Date * Group ID
POLICY FOR RISK MANAGEMENT IN THE GAMING/CASINOS SEGMENT
Introduction
The gaming/casino (GC) sector of hospitality has had a rather unique approach to risk management based on considerations unique to the industry. This introduction will explain the traditional risk management environment in casinos, discuss why casino governance has been slow to formalize a safety and risk manager (SRM) position, explain what SRM is responsible for, and situate SRM within the policies and procedures of GC risk management.
To understand the context of our recommendations for SRM, first consider this graphic of traditional GC organization, adapted from Kilby, Fox, and Lucas...
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(Adapted from http://www.beims.com/fm_news/white_papers/Risk_Management_in_FM.pdf)
References
BEAC (n.d.) Certification management system. Retrieved 15
November 2009 from http://www.beac.org/certification-cb.html
Kilby, J., Fox, J., & Lucas, A.F. (2004). Casino operations
management. New York: John Wiley & Sons
Mercury Computer Systems (n.d.) Risk management in facility
management. Retrieved 15 November 2009 from http://www.beims.com/fm_news/white_papers/Risk_Management_in_FM.pdf
Moeller, R.R. (2007). COSO enterprise risk management. New York:
John Wiley & Sons
Waitakere City Council (n.d.) Health and safety RAMS. Retrieved
15 November 2009 from http://www.waitakere.govt.nz/Frefor/pdf/pwv01-mngrams.pdf