News

GMA Quoted on Las Vegas Review Journal

Resort leaders concur: F1 was best Las Vegas event in history

As the Strip got back to its usual bumper-to-bumper traffic Sunday, hours after cars were racing on it at 200 mph, resort executives affirmed what they had predicted all along — that Southern Nevada appears to have had the best week financially in its history, thanks to the Formula One Las Vegas Grand Prix.

Executives among the estimated 315,000 people who attended the Saturday night spectacle said the event went better than they had hoped, that hotels and casinos were filled on a week that traditionally is one of the worst on the calendar and that they can’t wait to do it all again next year.

Read the full article on Las Vegas Review Journal’s feature of GMA.

Josh Swissman Quoted on CDC Gaming

Las Vegas welcomes international high rollers for F1

Las Vegas is prepared to welcome international high rollers and the jet set when it hosts the Formula One circuit this week, and operators and analysts are excited about what it will mean for the bottom line on a traditionally slow weekend before Thanksgiving and for years to come.

Local residents and employees on and around the Strip, on the other hand, have had to endure unending disruptions from construction and interminable traffic over the last several months that have soured them on the Las Vegas Grand Prix, which is scheduled in Las Vegas through 2032.

Read the full article here.

Josh Swissman Quoted on Las Vegas Review Journal

Music festivals bring crowds, higher weekend room rates

Two major music festivals in Las Vegas are driving up hotel room prices for the remaining inventory as the industry addresses any lingering effects of the MGM Resorts International’s cybersecurity breach that took nine days to resolve.

Some hotel rooms are still available at 44 resort properties around the Las Vegas Valley with an average price of $343, according to a survey of Hotels.com on Thursday morning. That’s higher than the average daily room rate of roughly $187 for September 2022, according to data from the Las Vegas Convention and Visitors Authority.

Read the full article here.

Josh Swissman Quoted on The Times

New ball, please: the $2.3bn mega sphere that’s lighting up Las Vegas

Visitors to Las Vegas, with its mini Eiffel Tower, fake Statue of Liberty and imitation Egyptian pyramid, expect the city’s skyline to be memorable.

Yet even veterans of the Strip will be struck by its latest attraction, which is eye-catching even by Sin City’s extravagant standards.

The $2.3 billion Sphere — a globe-shaped venue whose exterior is in effect a giant video billboard — looms over the Venetian hotel and the golf course of Wynn Las Vegas.

Read the full article here.

Josh Swissman Quoted on Las Vegas Review Journal

‘Losing money every minute’: MGM, FBI look into possibility of cyberattack

Tuesday marked another frustrating day for guests at MGM Resorts International properties, after a cybersecurity issue that began Sunday continued to wreak havoc, forcing customers to wait hours to check in, sidelining slot machines, and shutting down paid parking systems, ATMs, the company website and its mobile app.

MGM has not commented on what systems were affected or how the incident happened, but has contacted law enforcement, and the FBI confirmed on Tuesday that it is investigating the matter.

Read the full article here.

Josh Swissman Quoted on Las Vegas Review Journal

SEC rule ‘changes the game,’ could shed light on MGM cybersecurity issues

A recently implemented rule from the Securities and Exchange Commission could soon provide insight into MGM Resorts International’s cybersecurity incident that is causing problems at its properties nationwide.

The SEC now requires publicly traded companies to disclose a cybersecurity incident that they determine “to be material” — meaning a shareholder would consider it important in making an investment decision — in a special filing, according to a rule adopted on July 26. The rule became effective Sept. 5 and most companies must comply with the disclosure requirements on Dec. 18.
Read the full article here.

John English Quoted on WTNH News

The Gaming Industry is under attack

In today’s internet-driven world, the gaming industry stands at the forefront of an escalating cyber crisis. With cyber threats reaching unprecedented levels, Maxxsure will be present to educate gaming operators on how to implement their crucial solutions at the upcoming Global Gaming Expo (G2E) in Las Vegas from October 9th – 11th.

Read the full article here.

GMA Consulting Featured on Sportico

SPORTICO TRANSACTIONS: MOVES AND MERGERS ROUNDUP FOR SEPTEMBER 8

Welcome to Sportico’s transactions wire, a weekly rundown of personnel, partnerships and products across the sports business industry.

Read the full article here.

Josh Swissman Featured On CDC Gaming

Nevada on record gaming-revenue pace as Las Vegas visitation and hotel occupancy continue to build

Nevada is holding steady for record gaming revenue, with Las Vegas visitation running 8% higher than 2022. Moreover, it’s expected to swell with the start of football season and the inaugural Formula One race on the Strip in November.

Las Vegas’ occupancy in July was the highest since prior to the pandemic, helping Nevada set an all-time monthly record of $1.4 billion in gaming revenue, while the Strip set an all-time record at $834.8 million. Strip gaming revenue is 6.5% higher year over year through the first seven months of 2023.

Read the full article here.

New GMA Consulting Hires featured in Gambling News

GMA Consulting Hires Pat Eichner and Dan Hartman as Associate Partners

The leading consulting firm catering to the entertainment, gaming, sports and hospitality sectors, GMA Consulting, announced Wednesday it strengthened its team with two new associate partner appointments. The company revealed that it hired the services of Pat Eichner, an expert within the gaming sector, who will oversee GMA’s communications and contribute toward strategic initiatives within the vertical.

Read the full article here.