News

Brendan Bussmann quoted on SportsHandle.com

Puerto Rico A Unique Sports Betting Challenge

by Jill Dorson

In Puerto Rico, gambling happens everywhere from corner bars to corporate-owned casino to the Hipodrom Camarero.  But the island presents an interesting challenge when it comes to legal sports betting.  Why? In part, because legal gambling is already part of the fabric of society, and it will be a challenge to determine how to regulate an industry that has mom-and-pop locations as well as highly polished corporate venues.

You can read the rest of the article here

Steve Gallaway interviewed by Casino Review Magazine

Casino Review caught up with Steve Gallaway, managing partner at Global Market Advisors, to discuss the opportunities and challenges facing US tribal gaming sector, and whether sports betting will be a game-changer for the segment.

You can read the article here

Brendan Bussmann quoted in Global Gaming Business News

Osaka the Prize in Japan

Last month, Osaka took the first big step in its quest to hold one of Japan’s first integrated resorts.  On April 25, the city and prefecture began accepting requests for concepts from gaming operators interested in the region.  Officials plan to select an operating partner in 2020 with hopes of fast-tracking the development so it opens before the 2025 World Expo, to be held on Yumeshima.

You can read the rest of the article here

A Global Market Advisors study quoted in the Lincoln Journal Star

Editorial, 5/3: Nebraska will pay as Iowa set to expand sports betting

In the more than 30 years since Iowa allowed casino gambling, Nebraska has funded plenty of financial benefits these operations have brought our neighboring state.

You can read the rest of the article here

Brendan Bussmann quoted on Sportshandle.com

Shakedown Fees: NBA, MLB Demanding Nevada Sportsbooks Pay More Or Get Cut Off

by Matt Rybaltowski

The National Basketball Association and Major League Baseball’s quest for a direct, off-the-top cut of legal sports bets has escalated well beyond lobbying at statehouses across the country.

You can read the rest of the article here

Article by Andrew Klebanow published in Indian Gaming Magazine

Rethinking Food & Beverage

by Andrew Klebanow

Of all the issues facing casino leadership, there is no greater quandary than solving the food & beverage equation.  Restaurants in particular, present a host of issues.  They are notoriously expensive to operate, consuming copious amounts of labor and product costs.  Rarely do individual outlets post a profit and departmental profit is often dependent on beverage sales.  high levels of customer satisfaction can be difficult to achieve, given that many players visit the same restaurant outlets on each visit, and in turn get bored with the menu selection.  Perhaps the hardest aspect is balancing the needs of very frequent players while using food  & beverage as a tool to attract new customers.  Given all this, it may be time for casino operators to rethink their food and beverage programs.

You can read the rest of the article here

Brendan Bussmann quoted in Forbes

Osaka Stands Alone As Japan Big City Casino Candidate

by Muhammad Cohen

Casino operators have declared Osaka their favorite major Japanese city to develop an integrated resort the way parents declare their only child their favorite.  None of Japan’s other largest metropolitan areas have entered the competition for an IR license, so Osaka stands alone.  Under the licensing process, local jurisdictions will nominate a single consortium for the national government to consider for an IR license.  So it’s imperative for casino operators and their partners to convince local authorities they are their best choice. As Osaka launches its selection process, expect extraordinary competition among at least a half-dozen of the biggest names in gaming, and in this beauty contest, second place won’t even get a bouquet.

You can read the rest of the article here

Andrew Klebanow quoted in Global Gaming Business News

Naga’s Cambodia Plan Raises Questions

In an April 21 filing to the Hong Kong Stock Exchange, Cambodian casino operator NagaCorp said it will spend $3.5 billion to develop a third casino resort in the capital city of Phnom Penh.

You can read the rest of the article here

Study by GMA on the Puerto Rico market, quoted in Caribbean Business

Studies frame Puerto Rico’s future betting market

by Maria Miranda

A new study on sports betting, commissioned by the Puerto Rico Hotel & Tourism Association (PRHTA) and conducted by Global Market Advisors (GMA) to examine the feasibility of a sports betting and online gaming market on the island, highlights six areas that should be considered by stakeholders before “advocacy efforts” begin.

You can read the rest of the article here

Steve Gallaway and Brendan Bussmann quoted in ElNuevodia.com

(via Google Translate – article is in Spanish)

Will the potential of bets increase the collections to the treasury

by Antolin Maldonado Rios and Joanisable Gonzalez

The world of sports betting may represent an opportunity for Puerto Rico, but if the island ventures into this niche in an inappropriate manner, it will not be able to increase tax revenues or boost economic activity as alleged, said Steven M. Gallaway and Brendan D Bussmann yesterday, executives of Global Market Advisors (GMA).

You can read the rest of the article here