News

GMA quoted in the Las Vegas Review Journal

Planned Chicago resort won’t be developed by a Las Vegas Company

by Richard N. Velotta

The developer of Chicago’s first integrated resort won’t have a Las Vegas address.

Responses to a request for proposals were announced late Friday by the city, the country’s third-largest metropolitan area with 9.5 million residents.

You can read the rest of the article here

GMA quoted on nwi.com

Illinois Gaming Board weighing dollars vs. diversity in south suburban casino decision

by Dan Carden

The Illinois Gaming Board is facing a choice between greater state and local tax revenue or more economic opportunity for minority groups as it weighs where to locate the long-sought south suburban Cook County casino license.

On Thursday, representatives from the two finalist casino companies and their host communities – Homewood- East Hazel Crest and Matteson – made their final pitches to state gaming regulators ahead of a preliminary license decision expected early next year.

You can read the rest of the article here

GMA quoted in the Las Vegas Review Journal

Nevada casinos rake in more than $1B for seventh straight month

by Richard N. Velotta

It’s a Lucky 7 winning streak for Nevada.

The state’s casinos collected more than $1 billion for the seventh straight month, the second-longest streak in history, the Nevada Gaming Control Board reported Wednesday.

If state gaming win exceeds $1 billion in October it would tie the record for Nevada’s longest gaming win streak, recorded from November 2006 to May 2007.

You can read the rest of the article here

GMA quoted in InPark Magazine

Global Gaming Expo highlights innovation in industry

by Martin Palicki

Professionals from the gaming industry gathered in-person once again at the Venetian Convention and Expo Center in Las Vegas October 4-7, 2021. The show took place virtually in 2020.  Exhibitors and educational sessions highlighted innovation and growth.

On the technology front, the gaming industry is moving in similar directions as the LBE (location-based entertainment) markets, with trends accelerated by the COVID pandemic. More systems are becoming touchless, relying on a guest’s own device to complete many transactions. As InPark Senior Correspondent Joe Kleiman points out in his Issue #89 editorial (November 2021), many casinos on the Las Vegas strip allow guests to book a room, check in to the hotel, unlock their room, pay for food and drink, and schedule entertainment with a single app.

You can read the rest of the article here

GMA quoted in Forbes

The Las Vegas Strip Reports $2.1 Billion in Gambling Revenue, Highest Quarterly Win in History

by Will Yakowicz

Las Vegas is still on a winning streak.

Casinos on the Las Vegas Strip set an all-time quarterly record during the third quarter by collecting $2.1 billion in gambling revenue, according to numbers reported by the Nevada Gaming Control Board on Wednesday.  The Strip beat the previous record of $1.8 billion, which was set during the fourth quarter of 2006.

You can read the rest of the article here

Brendan Bussmann interviewed on bookies.com

Q & A with GMA partner Brendan Bussmann on Arizona sports betting

by Christopher Boan

It has been more than a month since Arizona sports betting kicked off, and the state has not looked back.

The Grand Canyon State has already punched above its weight class, with geotracking company GeoComply listing Arizona fourth out of 18 states and the District of Columbia in NFL gambling transactions during September with 36.9 million.

You can read the rest of the article here

GMA quoted in the Las Vegas Review Journal

Las Vegas Sands Corp. confident it will keep Macao gaming license

by Richard N. Velotta

Las Vegas Sands Corp. CEO Rob Goldstein said Wednesday that the company expects to continue operating in Macao after the government there reconsiders gaming licenses next year.

“I think the government has recognized that we’ve been awfully good licensees, partners and friends with China and Macao.  So I really don’t think (losing licenses) is a possibility,” Goldstein said during an earnings conference call.

You can read the rest of the article here

GMA quoted in the Las Vegas Review Journal

Rising room rates, sold-out hotels signal comeback of big events like EDC

by Colton Lochhead

In a city built on tourism, traveler demand is finally meeting the supply in Las Vegas.

With the likes of the electric Daisy Carnival, a Raiders home game and  slew of other major events throughout the valley, rooms at Las Vegas resorts are hard to come by.  And for those handful of rooms that are still up for grabs, you’ll need to pay a hefty sum to snag one.

You can read the rest of the article here

GMA quoted in GGB News

‘Zero-Tolerance’ Ambushes Macau’s Golden Week

By Marjorie Preston

It was a one-two punch followed by a haymaker.  In Macau, a handful of new Covid-19 infections at the end of September effectively ended hopes for a tourism revival during Golden Week.

The annual celebration (October 1-7), kicking it off with Chinese National Day, commemorates the 1949 founding of the People’s Republic of China.  In a normal year, Golden Week is prime time for tourism in Macau.  And this year, following 18 months of unprecedented challenges due to Covid-19 – as well as increasing crackdowns by Beijing – the city needed one in the win column.

You can read the rest of the article here

GMA quoted in the Las Vegas Review Journal

Technology innovations shine amid G2E’s slot machines, table games

by Richard N. Velotta

Big, loud, dazzling slot machines were the stars of the Global Gaming Expo show last week.

New variations on table games held their own.

But it was the supporting cast of products and their technology that wowed many of the thousands of attendees who wandered the trade show, the casino industry’s largest product supermarket, which ended it’s run Thursday at The Venetian Expo.

You can read the rest of the article here