Gaming industry risk management clearinghouse

• US 8,843,411 B2
• Filed: 01/04/2012
• Issued: 09/23/2014
• Est. Priority Date: 03/20/2001
• Status: Expired due to Fees

• Current Assignee: Regulatory DataCorp, Inc. (Moody's Corporation)
• Original Assignee: Goldman Sachs & Company (Goldman Sachs Group Incorporated)
• Inventors: Lawrence, David
• Primary Examiner(s): Cheung, Mary
• Application Number:
  US13/343,100
• Publication Number:
  US 20120109807A1
• Time in Patent Office: 993 Days
• Field of Search: 705/35, 705/38, 705/40, 708/100, 708/105, 708/110, 434/72, 434/107, 434/219
• US Class Current: 705/38
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 50/34 Betting or bookmaking, e.g. Internet betting
• CPC Class Codes: G07F 17/3234 about the performance of a gaming system, e.g. revenue, diagnosis of the gaming system

Abstract

Systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to Risks associated with subjects related to the Gaming Industry. Risks associated with the Gaming Industry can be managed by gathering data relevant to the Gaming Industry from multiple sources and aggregating the gathered data according to one or more risk variables. An inquiry relating to a risk subject can be received and portions of the aggregated data can be associated with the risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination.

Claims

1. A processor implemented method for determining a risk quotient comprising a quantitative value of an amount of gaming industry related risk, the method comprising:

associating, via a processor, a numerical weight with each of a plurality of risk variables;

associating, via the processor, one or more of the risk variables with data descriptive of details of a financial transaction;

determining, via the processor, a numerical value based upon content of the data descriptive of details of the financial transaction associated with the one or more risk variables;

generating, via the processor, a risk quotient by multiplying the numerical value based upon the content by the numerical weight associated with each of the risk variables associated with the data descriptive of details of the financial transaction;

comparing, via the processor, the risk quotient with a risk quotient generally acceptable in a gaming industry for the financial transaction; and

generating, via the processor, a report comprising the data descriptive of details of the financial transaction, the generated risk quotient, and the comparison of the risk quotient with the risk quotient generally acceptable in the gaming industry for the financial transaction.

2. The method of claim 1 wherein the risk quotient comprises an indication of a cost to defend an adverse position.

3. The method of claim 1 wherein the risk quotient comprises an indication of an amount of reputational risk.

4. The method of claim 1 wherein the risk quotient comprises an indication of an amount of regulatory risk.

5. The method of claim 1 wherein the risk quotient comprises an indication of an amount of legal risk.

6. The method of claim 1 wherein the risk quotient comprises an indication of an amount of risk associated with monetary costs related to potential fines.

7. The method of claim 1 additionally comprising generating a suggested action based upon the risk quotient and at least some of the data referenced to calculate the risk quotient.

8. The method of claim 1 further comprising structuring the data descriptive of details of the financial transaction according to risk quotient criteria comprises processes based upon Boolean logic.

9. The method of claim 1 further comprising:

comparing, via the processor, the risk quotient with a risk quotient of at least one disparate entity, wherein the generated report further includes the comparison of the risk quotient with the risk quotient of the at least one disparate entity.

10. A non-transitory computer readable medium storing processor-executable instructions for determining a risk quotient comprising a quantitative value of an amount of gaming industry related risk, wherein the processor-executable instructions, when executed by one or more processors, configure the one or more processors to:

associate a numerical weight with each of a plurality of risk variables;

associate one or more of the risk variables with data descriptive of details of a financial transaction;

determine a numerical value based upon content of the data descriptive of details of the financial transaction associated with the one or more risk variables;

generate a risk quotient by multiplying the numerical value based upon the content by the numerical weight associated with each of the risk variables associated with the data descriptive of details of the financial transaction;

compare the risk quotient with a risk quotient generally acceptable in a gaming industry for the financial transaction; and

generate a report comprising the data descriptive of details of the financial transaction, the generated risk quotient, and the comparison of the risk quotient with the risk quotient generally acceptable in the gaming industry for the financial transaction.

11. The medium of claim 10 wherein the risk quotient comprises an indication of a cost to defend an adverse position.

12. The medium of claim 10 wherein the risk quotient comprises an indication of an amount of reputational risk.

13. The medium of claim 10 wherein the risk quotient comprises an indication of an amount of regulatory risk.

14. The medium of claim 10 wherein the risk quotient comprises an indication of an amount of legal risk.

15. The medium of claim 10 wherein the risk quotient comprises an indication of an amount of risk associated with monetary costs related to potential fines.

16. The medium of claim 10 wherein the processor-executable instructions, when executable by the one or more processors, further configure the one or more processors to generate a suggested action based upon the risk quotient and at least some of the data referenced to calculate the risk quotient.

17. The medium of claim 10 wherein the processors-executable instructions, when executed by the one or more processors, further configure the one or more processors to structure the data descriptive of details of the financial transaction according to risk quotient criteria comprises processes based upon Boolean logic.

18. The medium of claim 10 wherein the processor-executable instructions, when executed by the one or more processors, further configure the one or more processors to:

compare the risk quotient with a risk quotient of at least one disparate entity, wherein the generated report further includes the comparison of the risk quotient with the risk quotient of the at least one disparate entity.