Richter Gaming Practice

Current Challenges and Landscape

Gaming in Canada is evolving at an unprecedented rate, as the Provincial Operators and Regulators continue to transform, modernize, and introduce new lines of business. The ever-shifting Gaming environment continues to provide opportunities to flourish and grow into a world-class entertainment option for customers. With change comes risk, and gaming organizations must ensure risks are adequately mitigated, regulatory requirements are met, and other stakeholders are managed.

Our Team

At Richter, we understand the gaming industry and have close relationships with key stakeholders at the Provincial Operators, Regulators, and other relevant parties/stakeholders (e.g. banks, not-for-profits). Through our experienced and well-connected team, our clients gain access to a broad network of influencers and decision makers throughout not only Canada, but also in the U.S. and European markets.

Select examples of our team’s track-record

 

Gaming suppliers:

  • Supporting client bids on Provincial RFPs (lottery and land-based)
  • Operated and managed a Casino while in receivership
  • Completed financial feasibility studies on behalf of a global
          Casino brand
  • Performed a valuation of a gaming and related entertainment
          enterprise
  • Providing strategic advice on entering the Ontario and Canadian
          market
  • Reviewed processes and governance of a national
          responsible gambling organization’s accreditation program
  • Conducted a growth opportunity exploration and assessment

Regulators:

  • Revamped regulatory due diligence processes, including
          governance structure
  • Development of internet gaming standards
  • Led and managed numerous regulatory due diligence files
  • Development of risk based approaches to compliance and
          operations
  • Supported testing of internet gaming platform and online games,
          including security assessment
  • Program and portfolio management
  • Development of risk and compliance frameworks

Provincial Operators:

  • Organization and strategic procurement
  • Fraud assessment
  • Project and program management
  • Change management
  • Business process reengineering
  • Internal audit
  • Developed customer care strategy

How the Richter Team Can Help

  • Cyber and data security
  • Fraud and AML assessments
  • Governance reviews and advice
  • Regulatory compliance
  • Bid support (e.g. government RFPs)
  • Privacy and security
  • Jurisdictional expansion strategy support
  • Acquisition and integration support
  • Project and program management
  • Business transformation
  • Responsible gambling strategy
  • Vendor management and supplier negotiation
  • Corporate due diligence of 3rd party suppliers
  • Compliance assessments (e.g. against standards)
  • Enterprise risk management
  • Internal audit services

 

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