News

Global Market Advisors’ Research Brief quoted in GGR Asia

No Osaka IR by 2025 unless policy basics next year: GMA

A consulting firm says that unless the Japanese national authorities set out by the second quarter of 2020 the so-called basic policy regarding casino resorts, the city of Osaka might not be able to have its hoped-for casino resort by the time the World Expo opens there in 2025.

You can read the rest of the article here

Global Market Advisors’ Research Brief quoted in Asia Gaming Brief Magazine

Analysts believe first Japanese IRs will open in 2026

Despite Osaka’s strong desire to open its Yumeshima IR in 2024, before the World Expo, a new research brief from Global Market Advisors predicts that this timeline will now prove to be too ambitious, and in fact the first Japanese IRs will not able to open their doors before early 2026.

You can read the rest of the article here

Global Market Advisors’ Research Brief quoted in Inside Asian Gaming Magazine

New research brief claims Japan unlikely to realize first IRs until 2026

Recently revealed delays to Japan’s integrated resort legislative process are unlikely to be as long as first thought, but are nevertheless expected to push back the opening date of the nation’s first IR to 2026.

You can read the rest of the article here

Brendan Bussmann quoted on SportsHandle.com

Illinois Sports Betting Bill ‘Not The Best’

by Jill R. Dorson

If one thing is clear after a weekend of wheeling and dealing, Illinois lawmakers accomplished their main goal – to legalize sports betting.  But as times wears on, the issue of how they legalized and how the industry will respond to a bill that is, in the words of one source, “not the best,” will come to light.

You can read the rest of the article here

Brendan Bussmann quoted on Sportshandle.com

Warts And All, IL Senate Passes Capital Bill With Sports Betting

by Jill R. Dorson

Less than 24 hours after the Illinois House approved a massive capital bill that includes sports betting, the Illinois Senate concurred Sunday, voting 46-10-2.  During the discussion ahead of the vote on SB 690, it was clear that daily fantasy and online sportsbook operators are not happy with what sports betting will look like in the biggest market state to legalize this year.

You can read the rest of the article here

Andrew Klebanow quoted in Forbes

Donaco’s Casino Gamble In Cambodia Gets Messier, Yet Still Pays Off

by Muhammad Cohen

Australia-listed Donaco International, owner of border casinos in Cambodia and Vietnam, remains immersed in legal proceedings with its biggest individual shareholder, who doubles as its top competitor.  Donaco shares traded over A$1.50 in March 2014 (then US$1.37) and near A$0.70 when it acquired its main asset, Star Vegas in Poipet, but currently languish below A$0.10 (now US$0.07). Australian regulators have seized shares that Donaco’s biggest institutional shareholder, Orchard Capital Partners Asia, didn’t obtain through a loan default by Joey Lim, who cofounded Donaco with his grandfather, Genting Group found Lim Goh Tong.  The elder Lim envisioned Donacao taking on projects that were too small for Genting, but probably never expected a deal this complicated.

You can read the rest of the article here

Article written by Steve Gallaway and Brendan Bussmann published in Global Gaming Business Magazine

Macau: The Future Beyond the VIP

By Steve Gallaway and Brendan Bussmann

Fifteen years ago, on May 18, 2004, Las Vegas Sands Corp. opened Sands Macao and changed the course of casino gaming in the region.

You can read the article here

Brendan Bussmann mentioned in Games Magazine Brazil

International conference ‘Gambling & Risk Taking’ analyzes market situation in Brazil

The 17th International Conference on Gambling & Risk is being held this week (may 27th – 30th) at the Caesars Hotel in Las Vegas with more than 600 guests from 35 countries.  The event, that takes place every three years, includes three panels dedicated to the Brazilian market with the presence of Itamar Pereira (SECAP) and representatives of Posivtivo, Sao Paulo and Parana Universities.

You can read the rest of the article here

John English quoted on CalvinAyre.com

John English: We want Asian operators in the US

The spread of sports betting in the U.S. could mean big business for a lot of operators, but the question is who’s willing to go through the rigorous process required to enter the market.  To help break down the situation, CalvinAyre.com’s Stephanie Tower spoke with a veteran of the industry, Managing Director of Sports Betting and Technology at Global Market Advisors John English.

You can read the rest of the article here

Andrew Klebanow and Brendan Bussmann quoted on MassLive.com

Wynn Resorts pays $35 million fine but questions commission’s criticism of CEO Matt Maddox ahead of Encore Boston Harbor opening

by Steph Solis

Wynn Resorts paid the $35 million fine issued by Massachusetts regulators, as well as the additional $500,000 issued against CEO Matt Maddox, but questioned the criticism against the head of the company.

You can read the rest of the article here