News

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.

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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.

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GMA quoted in the Las Vegas Review Journal

Consolidation in sports betting operations unlikely to slow down

by Colton Lochhead

The sports betting world is in the midst of another flurry of billion dollar-plus consolidation moves that are shaking up the industry, a trend that isn’t expected to slow down anytime soon.

“(Merger and acquisition) activity is going to continue to be robust, not only in the short term, but in the long term as well,” said Brendan Bussmann, director of government affairs for Las Vegas-based Global Market Advisors.

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GMA quoted in the Las Vegas Review Journal

New table games shown at G2E offer new experiences for players

by Mike Shoro

Table games have been slow to catch up to the technological revolution happening on the slot machine side of gaming, but that’s changing.

On Tuesday, table game manufacturers at the annual Global Gaming Expo, or G2E, showed off some of their latest products striving to narrow that gap while fostering a lively, social gaming experience.

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GMA quoted in CDC Gaming Reports

Rising room rates, return of conventions, and strong entertainment schedule point to strong fall in Las Vegas

by Buck Wargo

Some 300,000 fewer visitors came to Las Vegas in August than in July and analysts pointed to a spike in COVID-19 cases for the decline. Still, Las Vegas is poised to have a strong fall with the return of convention season this week at the Global Gaming Expo and the return of foreign travel in November.

Despite a dip to 2.99 million visitors in August from 3.3 million in July, Las Vegas showed its resiliency by exceeding gaming revenues in August 2019 when there were 3.57 million visitors. August marked the sixth consecutive month that Nevada exceeded $1 billion in gaming revenue; the Strip’s revenues were 20% higher than August 2019 even though revenue fell 21% from July.

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GMA quoted in the Las Vegas Review Journal

Global Gaming Expo to showcase latest slots, table games

by Richard N. Velotta

If there ever was a slot machine supermarket, it would be G2E.

Beginning this week, gaming industry professionals will gather at The Venetian Expo to see, hear and touch what gaming manufacturers say will be the next generation of casino gadgetry design to keep players more engaged – and spend more of their entertainment dollar.

Leaders of the American Gaming Association, operators of G2E – the Global Gaming Expo – say quality, not quantity, will be the emphasis of this year’s show.

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GMA quoted in the Las Vegas Review Journal

Acquisition of The Cosmopolitan was shrewd move by MGM Resorts

by Richard N. Velotta

Shrewd move, MGM.

Last week, the largest employer on the Strip made the surprise announcement that it’s acquiring the operations of The Cosmopolitan of Las Vegas for $1.625 billion.

It’s part of a larger $5.65 billion real estate deal for Blackstone with a method in vogue in the gaming industry these days: A group of investors is buying the real estate beneath The Cosmopolitan, and MGM is getting the operations piece.

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GMA quoted in GGB News

Caesars Back In Japan

On September 29, the group chosen to develop an integrated in Wakayama, Japan announced a new member of the consortium: Caesars Entertainment.

Clairvest Neem Ventures, a unit of Vancouver-based Clairvest Group, disclosed that Caesars had joined its partnership, replacing France’s Group Partouche as would-be operator of the US$4.21 billion project.  Together with the local government, they will jointly bid for a license to site, develop and operate an IR at Wakayama’s Marina City.

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GMA quoted in In Park Magazine

Caesars Entertainment returns to Japan with help of Clairvest Neem Ventures

by IPM News

Clairvest Neem Ventures K.K. (CNV) announced the participation of Caesars Entertainment, Inc. in its development and operating consortium for a Wakayama Marina City-based integrated resort in Japan. Caesars, which joins with no capital commitment, re-enters the Japanese market after pulling out in 2019 amid a takeover bid by Eldorado Resorts that was completed in July 2020.

A news release put out by CNV said the combination aligns CNV, “one of the most experienced integrated resort development and management teams in the world, with Caesars Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.”

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GMA quoted in CDC Gaming Reports Inc

UPDATED: Caesars Entertainment joins Clairvest Neem Ventures in the future Wakayama Marina City IR project

by Buck Wargo

Clairvest Neem Ventures K.K. (CNV) announced the participation of Caesars Entertainment, Inc., in its development and operating consortium for a Wakayama Marina City-based integrated resort in Japan.  Caesars, which joins with no capital commitment, re-enters the Japanese market after pulling out in 2019 amid a takeover bid by Eldorado Resorts that was completed in July 2020.

A news release put out by CNV said the combination aligns CNV, “one of the most experienced integrated resort development and management teams in the world, with Casears Entertainment, one of the gaming industry’s best-known brands and an elite casino operator.

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