News

IGT’s Search for a Buyer Prudent Move: Analysts

GGR Asia

A potential sale of International Game Technology (IGT) could help the company’s shares rebound after falling 31 percent this year through June 6.  Analysts say IGT’s reported search for a buyer is prudent and it shows the company’s board is looking to consider alternative paths giving the competitive dynamics in the marketplace.

IGT’s search for a buyer prudent move: analysts

Casino Talk with Brooke Dunn: Steven Gallaway and Andrew Klebanow

Link to audio of the show

Global Market Advisors to open Bangkok office

GGR Asia

U.S. based consultancy Global Market Advisors, LLC will soon open an office in Bangkok as it seeks to expand its reach and tap a growing market in Asia.

Global Market Advisors to open Bangkok office

Fresh Support Released That Malaysian Airlines Jet Ended in Indian Ocean

By Gaurav Raghuvanshi and Andy Pasztor

Wall Street Journal

Raw satellite data released Tuesday by Malaysian authorities and a separate report issued by Australian accident investigators offered fresh support for views that missing Malaysia Airlines Flight 370 went down in a remote section of the Indian Ocean after running out of fuel.

Fresh Support Released That Malaysian Airlines Jet Ended in Indian Ocean – WSJ.com

Gaming Market Advisors Acquires Galaviz & Company, Enhancing Global Footprint and Service Offerings

GGR Asia

LAS VEGAS – Gaming Market Advisors (GMA), a leading provider of economic feasibility reports and marketing strategies to the casino gaming industry, annouced today at G2E Asia the acquisition of Galaviz & Company.  The acquisition positions GMA with a stronger foothold to support clients in Asia and to increase its consulting presence to associated tourism industries such as airlines and hospitality.

Gaming Market Advisors Acquires Galaviz & Company

Time of Sands

 Ten years ago, Sands Macao’s opening change the course of Macau and global gaming history

By Muhammad Cohen

Inside Asian Gaming

As Sands Macao employees began arriving for work around 7 a.m. on Tuesday, 18th May 2004, a crowd was already forming on the street, nine hours before the casino’s scheduled grand opening.  Around noon, a rumor spread that guests would receive free chips worth MOP200 (US$25), swelling the crowd.  Just before 2 p.m., during a reception for invited guests, security began “freaking out,” according to an executive of Las Vegas Sands Corp. send from Las Vegas for the opening.

Time of Sands

Casino applicants show up in Albany, whether they want to or not

By Michael DeMasi

Albany Business Review

They came today dressed in suits, slightly more than 100 developers, consultants, lawyers, media reps and lobbyists participating in upstate New York’s casino siting application process, filling a conference room at the Empire State Plaza in Albany.

Casino Applicants Show Up In Albany

Group Led by Lawrence Ho to Raise Stake in Russian Casino Project

Mogul Looks to Attract Gamblers From Northern China to Vladivostok, Which Is Closer Than Macau

By YVONNE LEE And KATE O’KEEFFE

Wall Street Journal

HONG KONG—A consortium backed by Lawrence Ho agreed to raise its stake in a casino project on the outskirts of Vladivostok to 85%, as the gambling mogul expands his empire beyond Macau and into far eastern Russia, where operators hope to attract players from northern China. Consortium Led by Macau Mogul to Raise Stake in Russian Casino

Golden Strip – Cotai 2.0 to drive Macao’s next expansion phase

Andrew Klebanow quoted in Macao Magazine

Macao which overtook the Las Vegas strip to become the world’s biggest gambling hub in 2006, is now looking forward to the next stage in its development.

Golden Strip – Cotai 2.0 to Drive Macao’s Next Expansion Phase