Can a CFA Charterholder run a Casino?

[blackomen]

Assuming all of the following, is it possible for a CFA charterholder to run a Casino and still be in compliance with the Code and Standards?
- It’s legal in the locale (i.e. Las Vegas, Macau, etc.) and you’re following ALL the laws and regulations for Casinos.
- You offer help to those who have a gambling problem.
- You don’t make ostentatious promises of getting rich quickly from gambling.

 

[itera]

Of course, why not?
Investing isn’t too far from a casino. Each investment you make has odds of winning and losing. If investments valuations were 100% guaranteed to make or lose a certain amount of money, then all the asset managers, traders, research analysts may as well all just quit now.
Besides your clients are willingly coming to gamble on odds that are known.
The only way you’d get in trouble is if you were rigging the games.

 

[andyxu]

No need to worry about that.
I think most people would renounce the charter to be a casino manager

 

[S2000magician]

A CFA charterholder may run a casino without violating the Code and Standards.
Whether he can or not is another matter entirely: he may be a lousy manager.

 

[NANA Hachiko]

If i have my own casino, i can care less if i am a CFA charterholder… it’s pretty much a license to print money!

But no where in CFA ethics where they prohibit gambling and gaming industry…

 

[CFAvsMBA]

I got pretty far in a Corp Dev interview process at Caesars after my MBA. The brah I interviewed with was a CFA, CAIA, and MBA. He also was a professional card counter and competed in poker tournaments.
Sadly it didn’t pan out…

 

[higgmond]

NANA Hachiko wrote:
If i have my own casino, i can care less if i am a CFA charterholder… it’s pretty much a license to print money!

You haven’t been to Atlantic City recently.

 

[higgmond]

CFAvsMBA wrote:
I got pretty far in a Corp Dev interview process at Caesars after my MBA. The brah I interviewed with was a CFA, CAIA, and MBA. He also was a professional card counter and competed in poker tournaments.
Sadly it didn’t pan out…

I was always under the impression that casino employees were not allowed to gamble in their, or any other, casino.

 

[CFAvsMBA]

His linkedin made it clear as day he was an avid poker player. He also asked during the interview what games I played.
It may be different for corporate henchmen versus the pit bawss/dealer.

 

[jaha]

Jim Murren, CEO of MGM Resorts International, is a CFA charterholder and he is running one of the biggest casino company in the world.
This should give a clear answer.

 

[lxwarr30]

jaha wrote:
Jim Murren, CEO of MGM Resorts International, is a CFA charterholder and he is running one of the biggest casino company in the world.
This should give a clear answer.

Well that settles that. Great post. I wish I could give a gold star or upvote.

 

[former trader]

jaha wrote:
Jim Murren, CEO of MGM Resorts International, is a CFA charterholder and he is running one of the biggest casino company in the world.
This should give a clear answer.

You should post more often. To the point with facts.