News

Brendan Bussmann quoted on CDC Gaming Reports

‘Opening up America’ guidelines leave casino industry speculating where it fits

by Howard Stutz

The ink was still wet on the White House’s 18-page plan for re-opening the U.S. economy when gaming insiders began pouring through the document to figure out how casinos might fit into the three phases.

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Brendan Bussmann quoted on SportsHandle.com

Tennessee Sports Betting Rules Include Controversial, Novel ‘Payout Cap’

by Jill R. Dorson

The Tennessee Education Lottery Corporation Board of Directors in a telephone conference on Wednesday unanimously approved final TN sports betting rules, and in doing so became the first jurisdiction in the U.S. to stipulate how much money legal sportsbook operators may pay out overall on total bets taken.  The board has been mulling this provision for months and finally agreed on a 90% cap, or put another way, sportsbooks must “hold” or keep at least 10% of all wagers annually.  The concern is that downstream impact on bettors and the impact on the way sportsbooks typically do business.

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Brendan Bussmann interviewed on CalvinAyre.com

Brendan Bussmann gives tips for Japan, Brazil, and other emerging markets

Going into a new, emerging market can be tricky, even more so when they haven’t entirely established their regulations.  To do it right, it’s best to check with an expert first, so CalvinAyre’s Becky Liggero Fontana caught up with Brendan Bussmann of Global Market Advisors to talk about the current and future opportunities of Japan, Brazil and other emerging markets.

You can see the interview here

Becky Harris quoted in CDC Gaming Reports

Former Nevada gaming regulator: No material reason to block Eldorado-Caesars deal

by Howard Stutz

Despite the current closure of the nation’s casino industry due to the ongoing COVID-19 coronavirus pandemic, the former chairwoman of Nevada’s Gaming Control Board said she doesn’t see a material reason why regulators would block the $17.3 billion merger between Eldorado Resorts and Caesars Entertainment, “based on publicly available information.”

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Steve Gallaway quoted in Inside Asian Gaming

Dark Days

by Ben Blaschke

“We anticipate Macau to be very, very quiet for quite a long time,” said Melco Resorts & Entertainment CEO Lawrence Ho during the company’s fourth quarter earnings call.

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Brendan Bussmann quoted on CasinoReview.com

Japan pushes forward with IR policy despite coronavirus

Analysts acknowledge that the coronavirus pandemic could potentially impact the Japanese government’s timetable for bringing integrated resorts to the country.

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Brendan Bussmann quoted on CasinoReview.com

Nevada casinos closed until 30 April

Nevada governor Steve Sisolak has announced that the state’s 441 licensed casinos will remain closed until 30 April.  Speaking at the start of the month, the governor said the extension reflects the latest guidance from the federal government.  As part of efforts to halt the spread of the coronavirus pandemic, Sisolak had previously ordered all non-essential businesses, gaming and schools in Nevada to close for 30 days on 17 March.

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Steve Gallaway and Clay Peister quoted in Inside Asian Gaming

Corona shines

by Muhammad Cohen

These virus smitten days, there could hardly be a worse name for a property than Corona.  Beyond that bit of bad luck, though, the nation’s first casino resort with a gaming floor open to Vietnamese shows a healthy long term prognosis.

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Brendan Bussmann quoted on SportsHandle.com

Nevada, Indiana Add More Events For Sports Bettors

by Jill R. Dorson

Gaming regulators in Nevada and Indiana continue to add new options for operators who offer sports betting.  With major professional sports shut down across much of the world during the COVID-19 pandemic, mobile operators have been seeking new revenue streams through the handful of sports that are still being played as well as eSports.

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Brendan Bussmann quoted in the Las Vegas Review Journal

Put homeless in Vegas hotels during coronavirus shutdown? No.  Here’s why.

by Richard N. Velotta

Should Las Vegas resort operators grant the wishes of advocates who are suggesting that the homeless be sheltered in some of the city’s nearly 150,000 vacant hotel rooms during the coronavirus crisis?

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