What is a casino license worth? To a gaming company, the answer is simple: everything. Without a gaming license, the company’s ability to earn revenues is exhausted. Regulatory compliance programs are simply an insurance policy for the company’s future. As gaming continues to expand, the future success of certain companies to earn either licenses or franchises could be directly tied to the company’s regulatory history. Companies with substandard compliance records could find themselves disadvantaged when they attempt to secure rights in or licenses from new jurisdictions. A compliance program is an internal program adopted by a casino company to assure compliance with all laws and regulations. Successful compliance plans embody the commitment of the company to regulatory and legal compliance and focus on preventing regulatory violations before they occur.
Talent Blueprint can work with your team to assess any threats or weaknesses related to compliance.
Why is it important to have a safety program?
Simple, to reduce Number of Injuries, to Reduce Costs Associated with Injuries and to comply with Regulations.
Number of Injuries
Nonfatal workplace injuries and illnesses among private industry employers in 2007 occurred at a rate of 4.2 cases per 100 equivalent full-time workers—a decline from 4.4 cases in 2006. Similarly, the number of nonfatal occupational injuries and illnesses reported in 2007 declined to 4 million cases, compared to 4.1 million cases in 2006. The total recordable case injury and illness incidence rate among private industry employers has declined significantly—Bureau of Labor Statistics
How does your business compare to the national rate?
Reduce Costs Associated with Injuries
Average cost of injury – industry dependent
Indirect cost -50 times direct cost
- Lost time/productivity, low morale
- Equipment Damage
Comply with Regulations
SHA's overall statistics for inspections conducted, violations detected, and fines levied are impressive. In FY (fiscal year) 2006, federal OSHA conducted 38,574 inspections, wrote up 83,913 safety violations, and assessed penalties of approximately $85 million. In addition, the 26 states that has their own OSHA programs conducted 58,058 inspections, detected 127,284 violations, and levied fines of $71,047,356.
Let Talent Blueprint help you design a safety program to protect your most important asset, your employees.