News

Article by Andrew Klebanow published in Public Gaming International

Lessons from the Casino Industry

by Andrew Klebanow

The casino gaming industry has long been perceived as a competitor to state lotteries.  While it can be argued that the country’s adult population has a limited budget for all kinds of wagering, lotteries and casinos have, in fact, long operated in harmony.  Casino expansion across the United States has not impeded growth of lotteries and lotteries did not affect the growth of casino gaming.  The reality is that lotteries and casinos do not so much compete as share gamers.  People buy scratch cards and draw tickets from budgets that are exclusive of casino gaming budgets.  This is most evident during periodic events of lottery frenzy, when mega-jackpots attract widespread consumer and media interest.  In those states that offer both casino gaming and lotteries, casino gambling doesn’t not decline during mega-jackpot events.

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Andrew Klebanow’s article published in Indian Gaming Magazine

The Road to Sports Betting

by Andrew Klebanow

When the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) last May, casino operators across the United States were euphoric, envisioning crowds of enthusiastic bettors flocking to newly constructed sports betting lounges, holding exciting events during major games, and attracting a younger clientele to their properties.  Several states moved quickly to permit sports betting in some form.  While casinos in some states were able to quickly build betting counters and initiate sports betting activities, most others, particularly in Indian gaming, have come to realize that they must first navigate through a maze of obstacles before taking their first bet.

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Andrew Klebanow quoted on Forbes.com

Francis Lui Is The Unlikely New Face Of Macau Gaming
by Muhammad Cohen

Galaxy’s evolution from a company that “didn’t deserve” a gaming concession, according to Macau’s casino liberalization chief, to market leader reflects Macau’s evolution from a VIP gambling destination toward the “world center for tourism and leisure” that Macau and Beijing authorities prescribe.  It also reflects Galaxy deputy chairman Francis Lui filling the void left when Stanley Ho, Mr Macau, then chairman of casino operator SJM Holdings and the face of local gaming since the 1960s, collapsed at home in July 2009, effectively ending his business career.  You would have expected someone with casinos in their blood, or at least more prominent on their resume than Lui, a Cal-Berkeley trained engineer with no prior gaming experience, to assume Ho’s role and make their company as Macau’s unofficial local champion in its most prominent industry.  Lui’s ascent was all the more unlikely given three billionaire contenders for the role from Ho’s family circle.

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Brendan Bussmann quoted in Legal Sports Report

What Turner Deal With Caesars Tells Us About Sports Media Partnerships

by Grant Lucas

As sports betting in America continues to expand, it seemed inevitable that casinos and media conglomerates would begin pairing off.

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Brendan Bussmann quoted in Las Vegas Review-Journal

Caesars to build Bleacher Report-branded studio inside sportsbook

by Todd Prince

Caesars Entertainment Corp. is teaming up with Turner Sports to develop gaming content as casino operators tussle for market share in the fast-growing wagering industry.

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Andrew Klebanow interviewed in Casino Review Magazine

Land of Opportunity: Cambodia’s casino industry continues to develop

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Article by Steve Gallaway and Brendan Bussmann published in Global Gaming Business Magazine

Data in Sports Betting

by Steve Gallaway and Brendan Bussmann

As sports betting expands into new markets within the United States, operators and state governments are growing eager to capitalize on the opportunity.

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Andrew Klebanow quoted in Global Gaming Business News

Macau Legend Buys into Cambodia

Gaming operator Macau Legend Development Ltd. is buying a company that owns real estate in Siem Reap, Cambodia with a plan to possibly develop the property as a branded integrated resort.

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Article by Andrew Klebanow published in Global Gaming Business Magazine

New York State of Mind

by Andrew Klebanow

For decades, casino operators viewed the potential for casinos in the Catskills region of New York as the mother lode of gaming development.

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Article by Brendan Bussmann published in Global Gaming Business Magazine

10 Trends: Rating the Rising Sun

by Brendan Bussmann

Japan may look like it will be a sleeping giant in 2019, but the upcoming year may prove to be the most critical year in Japan’s march toward integrated resort development.  Japan took a major step forward this year with the passage of the IR Implementation Bill and the Basic Bill on Gambling Addictions Countermeasures.

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