News

Josh Swissman Quoted on The Times (UK)

Vegas gambles on a shift from everyman appeal to high-end haven

When it opened in 1989, The Mirage hotel and casino was extravagant even by Las Vegas standards.
An imitation tropical paradise with an artificial volcano erupting outside the entrance, it ushered in the era of the mega-resort, with fine dining, luxury shopping, wild animals on show and performances from the magicians Siegfried and Roy as well as the world’s biggest musicians.

However, The Mirage closed its doors for the final time this week and will soon be knocked down and ­replaced by another sprawling resort, marking the next step in Sin City’s evolution from everyman getaway to a playground for the rich.

Click Here to read the full article.

Josh Swissman Appears on PBS Vegas’ “Nevada Week”

Exploring The Mirage’s legacy, looking ahead to the future

GMA Consulting Managing Director Josh Swissman joined PBS Vegas’ “Nevada Week” hosted by Amber Renee Dixon to explore The Mirage’s legacy on the Las Vegas Strip and discuss what’s next for the property.

Click Here to watch the appearance.

GMA Consulting Partnership Mentioned on Gaming America

GMA Consulting teams up with Global Wizards to offer AI solutions

GMA Consulting and Global Wizards have partnered to offer AI-driven solutions “tailored by Global Wizards to specifically augment SEO and boost traffic for sports betting platforms.”

GMA is a Las Vegas-based software solutions provider that specializes in AI-driven technology.

The company said its partnership with Global Wizards “signifies the fusion of Global Wizards’ cutting-edge AI technology with GMA Consulting’s extensive expertise, poised to redefine the future landscape of the gambling industry.”

Click Here to read the full article.

Josh Swissman Quoted on Global Gaming Business News

Sin City to Sports Heaven: Las Vegas as an Athletic Destination

The emergence of Las Vegas as a premier sports city wasn’t always a foregone conclusion, and its recent success isn’t unjustified—it’s been earned through persistence and execution. GMA Consulting Managing Director Josh Swissman helps explore how the city has cemented itself as a high-caliber sports destination.

At a Portland Trail Blazers game in 1999, NBA agent Warren LeGarie approached Rod Thorn, the league’s executive vice president of basketball operations at the time, about the possibility of establishing a new summer league in Las Vegas.

Shortly after, Thorn contacted LeGarie with the news that then-NBA Commissioner David Stern had soundly rejected the idea—-according to Bleacher Report, Stern’s rejection of Sin City was, in fact, stern: “No summer league can be involved with a casino.”

Click Here to read the full article.

Josh Swissman Quoted on Covers

Online Casino Stakeholders See Long Delay Before New Market Launches

Nearly 40 US jurisdictions have approved some form of legal sports betting since the Supreme Court struck down the federal wagering ban nearly six years ago.

New online casino state launches could be stalled for 18 months or more, a panel of gaming industry stakeholders reaffirmed Monday.

Though existing markets have seen significant financial growth in the past several years, there appears little political momentum for more regulated online casino states. Speaking at a panel focused on iGaming investors, several industry figures agreed that it could be a significant time until a new market becomes available.

Click Here to read the full article.

Josh Swissman Quoted on Las Vegas Review-Journal

MGM cyberattack again in the spotlight after lawsuit, broadcast

You’ve heard of the gift that keeps on giving.

The cybersecurity incident that pummeled MGM Resorts International in September seems to be the attack that keeps on taking.

Click Here to read the full article.

Kit Szybala and Seth Young Featured on GGB Podcast

GGB PODCAST: Tribal Economic Growth with Kit Szybala and Seth Young, Founding Partners, GMA Consulting

Land-based gaming has long been an economic driver for tribes across the U.S., but in order to ensure long-term sustainability and growth, diversification into new avenues and investments is key. This applies to both gaming and non-gaming verticals, according to Kit Szybala and Seth Young, two of the founding partners of GMA Consulting. The duo spoke with GGB Managing Editor Jess Marquez via Zoom in February.

Click Here to listen.

Josh Swissman Quoted on Las Vegas Review-Journal

Tropicana operator downgraded; how could this affect A’s stadium plans?

Two credit rating organizations have downgraded Bally’s Corp. just as the company is on the verge of closing its Tropicana property in Las Vegas.

In separate actions, Moody’s Investors Services downgraded Rhode Island-based Bally’s from “B1” to “B2” while S&P Global Ratings cut its Bally’s rating from “B” to “B-,” junk-bond status.

Click Here to read the full article.

Steve Gallaway Quoted on iGaming Business

Brave new NagaWorld

After a quarter century of virtually uninterrupted success, Naga Corporation faces two unprecedented challenges. For the operator of NagaWorld, the monopoly integrated resort in Cambodia’s capital Phnom Penh, one situation is far more easily addressed than the other.

In the post-Covid climate of decreased mainland Chinese international travel and the Middle Kingdom’s diminished appetite for overseas investment amid domestic economic woes, NagaWorld’s 2023 gross gaming revenue of US$514.8m was down 70% from US$1.7bn in 2019.

Click Here to read the full article.

Josh Swissman Quoted on Las Vegas Review-Journal

IGT’s big return to Nevada will boost state’s gaming manufacturing

For many, July 2014 was a sad time for Nevada gaming, the month when a group of Italian lottery company executives using the name Gtech Holdings, acquired IGT, the shorthand version of International Game Technology.

It was sad because a stalwart of the state’s gaming business, founded by the legendary Si Redd in 1990, was being sold off to foreign buyers half a world away for $6.4 billion.

Click Here to read the full article.