News

Andrew Klebanow quoted in Global Gaming Business News

Naga’s Cambodia Plan Raises Questions

In an April 21 filing to the Hong Kong Stock Exchange, Cambodian casino operator NagaCorp said it will spend $3.5 billion to develop a third casino resort in the capital city of Phnom Penh.

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Study by GMA on the Puerto Rico market, quoted in Caribbean Business

Studies frame Puerto Rico’s future betting market

by Maria Miranda

A new study on sports betting, commissioned by the Puerto Rico Hotel & Tourism Association (PRHTA) and conducted by Global Market Advisors (GMA) to examine the feasibility of a sports betting and online gaming market on the island, highlights six areas that should be considered by stakeholders before “advocacy efforts” begin.

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Steve Gallaway and Brendan Bussmann quoted in ElNuevodia.com

(via Google Translate – article is in Spanish)

Will the potential of bets increase the collections to the treasury

by Antolin Maldonado Rios and Joanisable Gonzalez

The world of sports betting may represent an opportunity for Puerto Rico, but if the island ventures into this niche in an inappropriate manner, it will not be able to increase tax revenues or boost economic activity as alleged, said Steven M. Gallaway and Brendan D Bussmann yesterday, executives of Global Market Advisors (GMA).

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Andrew Klebanow quoted in Nikkei Asian Review

NagaCorp doubles down with $3.5bn casino plan in Cambodia

by Shaun Turton

NagaCorp is planning its third casino project in Phnom Penh to tap the growing numbers of free-spending Chinese tourists to the country.  But with a price tag equal to almost a sixth of Cambodia’s GDP, analysts are questioning the viability of the project.

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Brendan Bussmann quoted in the Straits Times

With Japan set to build three integrated resorts, operators cast eyes on potential $33.8 billion casino market

by Walter Sim

The operators of Singapore’s two integrated resorts (IRs), which this month injected $9 billion in fresh investment, are also itching to place their bets on Japan in the race to enter the world’s largest untapped casino gambling market

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Brendan Bussmann quoted in Global Gaming Business News

Osaka Election Boosts IR Hopes

Candidates of the Osaka Restoration Association or Osaka Ishin no Kai won out over their challengers in the April 7 election, in a positive outcome for supports of an integrated resort in the region.  The Liberal Democratic Party slate also supported an IR, but with less zeal; according to GGRAsia, “the LDP’s backing has reportedly been more nuanced.”

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Brendan Bussmann quoted in Australian Financial Review

Behemoth or die, say casino experts

by Jacob Greber and Jemima Whyte

Wynn Resorts is an increasingly attractive global partner for James Packer’s Crown Resorts as the Las Vegas giant cleans up its corporate reputation under new management and confronts the hard reality of a globalising industry, say US- based industry experts.

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Brendan Bussmann quoted in Global Gaming Business News

Analyst: Slow Down on Osaka IR

The city and prefecture of Osaka remain at the top of the list of potential integrated resort locations in Japan.  U.S. gaming operator MGM Resorts International has an “Osaka-first” approach, and others including Melco Resorts and Entertainment and Galaxy Entertainment Group also have Osaka in their sights.

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Brendan Bussmann quoted in the Straits Times

Integrated resorts $9b investment will help Singapore stay ahead of rivals: Analysts

by Walter Sim

The new $9 billion investment in Singapore’s two integrated resorts (IRs), announced this week, will cement their appeal amid stiffening regional competition for a slice of the pie, analysts said.

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Andrew Klebanow quoted in Macau Business

Peninsula, The Poor Relation

Co-ordinated by João Paulo Meneses

Time does not retreat, and the Peninsula casino will never dominate like they once did.  the question is whether they have become irrelevant.

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