Michael D. Rumbolz is Chairman and CEO of Cash Systems, Inc. (CKN-AMEX), a provider of cash access services to the casino industry. Its products include proprietary ‘All-in-One’ cash advance ATM’s, credit and debit card cash advance kiosks and check cashing solutions, and collectively comprise the primary means by which casinos make cash available to their customers.
In a joint venture with Bally Technology, Cash Systems is currently developing cash access products which will interface with account wagering systems at the gaming device.
Mr. Rumbolz is also owner and Managing Director of Acme Gaming LLC, a consulting company formed in 2000 to provide development, merger, acquisition, strategic planning, legal compliance, and other services to corporations and partnerships involved with various facets of the gaming industry. During his career he has also consulted and assisted new gaming jurisdictions in Europe, Asia, Australia, and throughout North America in defining and implementing their regulatory systems.
Until July 2001, he was Vice Chairman of the Board of Directors of Casino Data Systems (CDS-NYSE). Mr. Rumbolz was appointed to the CDS Board in May 2000. CDS was a leading designer, manufacturer and distributor of innovative, technology-driven products for the gaming industry, and was sold in July 2001 to Aristocrat Leisure, Pty., an Australian gaming machine manufacturer.
From June 1995 to March 2000, Mr. Rumbolz held the positions of President and Chief Executive Officer of Anchor Gaming (SLOT-NASDAQ), a diversified, gaming company that concentrated its efforts in: management of its wholly owned casinos; lottery operations; proprietary gaming machine manufacture and distribution; gaming systems development and sales; and slot machine route operations. In that capacity, Mr. Rumbolz was licensed or approved in over 90 gaming jurisdictions (including Native American reservations) as a manufacturer, distributor, and operator of gaming devices and licensed in Colorado and New Mexico as a casino operator.
Mr. Rumbolz was Director of Corporate Development for Circus Circus Enterprises, Inc. (now Mandalay Resort Group, MBG-NYSE) from late 1992 until June 1995. In that position he was responsible for evaluation and development of Circus Circus affiliated gaming and entertainment facilities in new and emerging gaming jurisdictions. In December 1993, Mr. Rumbolz became the first President and Managing Director of Windsor Casino Limited, a consortium owned by Hilton Hotels Corporation, Circus Circus Enterprises, Inc. and Caesars World Inc. In that capacity, he was the first person ever approved to operate a casino in the Province of Ontario, Canada. He was also responsible for the development, construction and operation of the first casino to open in the Province.
Mr. Rumbolz was named President of Trump-Nevada in February 1989 and became a member of the executive team to open Trump Taj Mahal in April 1990. He was later licensed as Executive Vice President of Trump Castle, in Atlantic City, New Jersey, a position held until early 1992.
In 1985, the Governor of Nevada appointed him to the Nevada State Gaming Control Board, as the board member in charge of the Enforcement and Special Investigations Divisions. He then served as Chairman of the Nevada Gaming Control Board and Executive Director for the Agency from June 1987 through December 1988. During this time he was a founding member of the first inter-country association devoted entirely to gaming regulation and control, now known as the International Association of Gaming Regulators. He has also, since 1998, been a member of the Board of Trustees of the International Association of Gaming Attorneys.
He was appointed Chief Deputy Attorney General for Southern Nevada in 1983. He was also the senior attorney for the Nevada gaming regulatory system and charged with the administration and management of the Attorney General’s offices in Las Vegas and Carson City. His activities involved all divisions of the State Gaming Control Board and Nevada Gaming Commission.
He was formerly Chairman, and currently is a member of the Board of Directors of Employers Insurance Group (“EIG”), a position he has held since January 2000. EIG is a mutual insurance company that provides workers compensation insurance coverage to employers in the Western United States.
Mr. Rumbolz is a member of the Board of Trustees and Chairman of the Center for Compassionate Care at Nathan Adelson Hospice.
Mr. Rumbolz received his Bachelor’s Degree in Political Science with honors from the University of Nevada-Las Vegas. After earning his Law Degree from the University of Southern California, he was in private law practice for several years.
