News

Andrew Klebanow quoted in Forbes

Donaco’s Casino Gamble In Cambodia Gets Messier, Yet Still Pays Off

by Muhammad Cohen

Australia-listed Donaco International, owner of border casinos in Cambodia and Vietnam, remains immersed in legal proceedings with its biggest individual shareholder, who doubles as its top competitor.  Donaco shares traded over A$1.50 in March 2014 (then US$1.37) and near A$0.70 when it acquired its main asset, Star Vegas in Poipet, but currently languish below A$0.10 (now US$0.07). Australian regulators have seized shares that Donaco’s biggest institutional shareholder, Orchard Capital Partners Asia, didn’t obtain through a loan default by Joey Lim, who cofounded Donaco with his grandfather, Genting Group found Lim Goh Tong.  The elder Lim envisioned Donacao taking on projects that were too small for Genting, but probably never expected a deal this complicated.

 

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Brendan Bussmann mentioned in Games Magazine Brazil

International conference ‘Gambling & Risk Taking’ analyzes market situation in Brazil

The 17th International Conference on Gambling & Risk is being held this week (may 27th – 30th) at the Caesars Hotel in Las Vegas with more than 600 guests from 35 countries.  The event, that takes place every three years, includes three panels dedicated to the Brazilian market with the presence of Itamar Pereira (SECAP) and representatives of Posivtivo, Sao Paulo and Parana Universities.

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John English quoted on CalvinAyre.com

John English: We want Asian operators in the US

The spread of sports betting in the U.S. could mean big business for a lot of operators, but the question is who’s willing to go through the rigorous process required to enter the market.  To help break down the situation, CalvinAyre.com’s Stephanie Tower spoke with a veteran of the industry, Managing Director of Sports Betting and Technology at Global Market Advisors John English.

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Andrew Klebanow and Brendan Bussmann quoted on MassLive.com

Wynn Resorts pays $35 million fine but questions commission’s criticism of CEO Matt Maddox ahead of Encore Boston Harbor opening

by Steph Solis

Wynn Resorts paid the $35 million fine issued by Massachusetts regulators, as well as the additional $500,000 issued against CEO Matt Maddox, but questioned the criticism against the head of the company.

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Andrew Klebanow interviewed by CalvinAyre.com

Andrew Klebanow: Cambodia’s casino industry is leveling up

Building a casino industry in a new market isn’t enough to ensure it thrives, it needs to have that luxurious touch to create a feeling of aspiration in the customer.  To discuss how Cambodia is approaching this task, Andrew Klebanow, senior partner at Global Market Advisors (GMA) spoke with CalvinAyre.com’s Stephanie Tower.

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Brendan Bussmann quoted in Nikkei Asian Review

MGM promises local companies a stake in Osaka casino plan

by Eri Sugiura

Las Vegas-based casino owner MGM Resorts International said recently it would invest in a 1 trillion yen ($9 billion) project together with 10 local companies in Osaka, in its joint bid with financial services group Orix for a license to operate in Japan’s metropolis in the west.

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Brendan Bussmann quoted in the Australian Financial Review

Crown pursuer in talks to sell $3.8b Boston casino

by Jacob Greber

Wynn Resorts, the Las Vegas gambling giant that aborted talks last month to buy James Packer’s Crown Casino, is looking to sell its yet-to-open 671-room resort outside Boston.

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Brendan Bussmann quoted on SportsHandle.com

Pros, Cons Of Legalizing Sports Betting Fast Versus Taking It Slow

by Jill Dorson

One year after the Supreme Court struck down the Professional and Amateur Sports Protection Act, sports betting has been legalized, or operations have launched in 12 jurisdictions outside of Nevada.  Of those 12, eight passed new legislation to authorize sports betting.  The other four were either already grandfathered in to allow sports betting with nothing further deemed necessary (Delaware), already had laws on the books to allow sports betting (Mississippi, Pennsylvania), or operations launched at Indian casinos regardless of whether or not the state legislature made a determination that sports betting was legal (New Mexico).

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Brendan Bussmann quoted in the Omaha World-Herald

Legalized sports betting is coming to Iowa this summer.  Nebraskans can participate too.

by Steve Liewer

Gov. Kim Reynolds signed a bill Monday allowing sports betting through Iowa’s 19 state-regulated casinos, making it the second Midwestern state – after Indiana – to legalize sports books.

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