News

Steve Gallaway quoted in the Macau Daily Times

Japan   Analysts: Many complications ahead of integrated resorts bill

Gaming analysts are confident that Japan’s recently approved integrated resorts bill will present both a popular and profitable venture to investors.  However, these analysts note that many complications must be dealt with before the first resorts open, and Japanese homegrown brands will likely command a majority share.

You can read the rest of the article here

Steve Gallaway quoted in Forbes

Japan Casinos A Big Deal But Still Not a Done Deal

by Muhammad Cohen

When Japanese lawmakers passed the Integrated Resort Promotions Bill in December, they answered decades of prayers from casino operators around the world.  Casino legalization in Japan is Asian gaming’s most wanted rule change, given that casinos in mainland China are an impossible dream.  Even after more than a quarter century of recession and stagnation, Japan is still the world’s fourth largest economy – between India and Germany – offering a sizable domestic market of 125 million with a penchant for other forms of gambling.  Japan is also an attractive tourist destination that the government hopes integrated resorts will enhance.  But legislation passed last month was just the first step in a process that promises to be as lengthy and as uncertain of a winning outcome as this first step was.

You can read the rest of the article here

Andrew Klebanow quoted in the Australian Financial Review

James Packer’s Crown Resorts: the clock is ticking on the empire and the legacy

by Anne Hyland

The ambition of billionaire gaming magnate James Packer to build a global casino empire is in tatters.  It was always a high-stakes game.

You can read the rest of the article here

Andrew Klebanow quoted in The National Business

Japan bites bullet with maglev

A record-breaking high-speed train is under construction between Tokyo and Nagoya City, a distance of 286 kilometers, with a planned extension to Osaka, another 139 km.

You can read the entire article here

Steve Gallaway quoted on IGaming365.com

Japan could overtake Singapore as Asian gaming hub as casino bill looms

Japan could finally pass a long-awaited bill with the potential to transform the country into an international gaming destination, providing a fillip for the stumbling economy.

You can read the rest of the article here

Bill Bryson quoted in Asia Gaming Brief

Penghu vote key to unlocking Taiwan casino industry

Voters on the island of Penghu will go to the polls on Saturday in a referendum crucial to the future of casino gaming in Taiwan

You can read the rest of the article here

Steve Gallaway quoted on IGaming 365

Japan could finally pass a long-awaited bill with the potential to transform the country into an international gaming destination, providing a fillip for the stumbling economy.

Read the rest of the article here

Andrew Klebanow quoted in This Week In Asia

Macau junkets are finally on a roll, but will it last?

by Muhammad Cohen

After haemorrhaging money and prestige since early 2014, Macau’s junket promoters’ luck appears to have turned.  This month’s re-emergence of junket executive Huang Shan, who allegedly embezzled US$1.3billion, and the detention in mainland China of 18 Crown Resorts employees suspected of illegally promoting gambling should benefit Macau’s junkets and VIP sector that still accounts for roughly half of the global casino capital’s gaming revenue.

You can read the rest of the article here

Steve Gallaway quoted on Yogonet International

Japan likely to become next Singapore, gambling analysts say

Japan could finally pass a long-awaited bill with the potential to transform the country into an international gaming destination, providing a fillip for the stumbling economy.

You can read the rest of the article here

Steve Gallaway quoted on CNBC

Japan could overtake Singapore as Asian gaming hub as casino bill looms

Japan could finally pass a long-awaited bill with the potential to transform the country into an international gaming destination, providing a fillip for the stumbling economy.

Read the rest of the article here