Japan unlikely to move IR timeline despite risk of losing operators
by Ben Blaschke
Japan’s central government is unlikely to push back the timeframe for accepting proposals from candidate locations and their operator partners to develop the nation’s first integrated resorts, despite growing concerns over feasibility amid the global COVID-19 pandemic.
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GMA warns Japanese policymakers against “killing the golden goose”
Global Market Advisors issued a research brief on Monday about the current status of the IR project in Japan, including a warning to Japanese policymakers against “killing the golden goose.”
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Tokyo Expected to Enter Integrated Resort Bidding, Alter Casino Operators’ Proposal Strategies
Tokyo is expected to soon announce its candidacy to land one of Japan’s three forthcoming integrated resorts (IR), and analysts say that will overhaul the bidding strategies for casino operators
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Tokyo likely to join race for IR licence in Japan
Global Market Advisors says it is a case of its not when the city will join the likes of Osaka and Yokohama in the bidding for an IR licence.
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Abe to stick to 2021 casino schedule, Tokyo to bid: GMA
The January 2021 to July 2021 application period for local authorities to ask Japan’s central government for the right to host a casino resort “will likely not move for a host of reasons,” suggests a research paper from consultancy firm Global Market Advisors, LLC (GMA).
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Ex-Nevada gaming regulator conflicted on COVID-19 business openings
by Richard N. Velotta
Tony Alamo is going to war.
After spending 19 years as a regulator, 12 of them with the Nevada Gaming Commission, Alamo has decided that the place for him to be now is in the medical field, his chosen career. The war he is entering is against COVID-19, the respiratory illness that has decimated the industry he has overseen after growing up the son of a Las Vegas gaming industry executive.
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‘Opening up America’ guidelines leave casino industry speculating where it fits
by Howard Stutz
The ink was still wet on the White House’s 18-page plan for re-opening the U.S. economy when gaming insiders began pouring through the document to figure out how casinos might fit into the three phases.
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Tennessee Sports Betting Rules Include Controversial, Novel ‘Payout Cap’
by Jill R. Dorson
The Tennessee Education Lottery Corporation Board of Directors in a telephone conference on Wednesday unanimously approved final TN sports betting rules, and in doing so became the first jurisdiction in the U.S. to stipulate how much money legal sportsbook operators may pay out overall on total bets taken. The board has been mulling this provision for months and finally agreed on a 90% cap, or put another way, sportsbooks must “hold” or keep at least 10% of all wagers annually. The concern is that downstream impact on bettors and the impact on the way sportsbooks typically do business.
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Brendan Bussmann gives tips for Japan, Brazil, and other emerging markets
Going into a new, emerging market can be tricky, even more so when they haven’t entirely established their regulations. To do it right, it’s best to check with an expert first, so CalvinAyre’s Becky Liggero Fontana caught up with Brendan Bussmann of Global Market Advisors to talk about the current and future opportunities of Japan, Brazil and other emerging markets.
You can see the interview here
Former Nevada gaming regulator: No material reason to block Eldorado-Caesars deal
by Howard Stutz
Despite the current closure of the nation’s casino industry due to the ongoing COVID-19 coronavirus pandemic, the former chairwoman of Nevada’s Gaming Control Board said she doesn’t see a material reason why regulators would block the $17.3 billion merger between Eldorado Resorts and Caesars Entertainment, “based on publicly available information.”
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