Predicting the future of any industry has always been an inexact science. It requires an examination of historical trends, possible changes in public policy, the application of a variety of macro-economic theories, the unlikely entry of a disruption industry that could emerge as a worthy competitor, and a substantial amount of guesswork.
Donaco International’s falling out with the Thai politician who sold it Star Vegas has halved property EBITDA while entangling Donaco in legal proceedings in four jurisdictions, promoting a “strategic review” of the company’s future.
PA Tax Revenue Would Dwarf NJ When Mobile Sports Betting Fully Launched
by Jill R. Dorson
It’s been 20 months since the Pennsylvania state legislature legalized sports betting pending the Supreme Court’s decision in May 2018 to overturn the Professional and Amateur Sports Protection Act. Given the timetable, and that Pennsylvania had laws in place ahead of the momentous decision, those who follow sports betting would have bet the Keystone State would be a “first mover,” in launching sports betting, both retail and mobile.
Study Examines Puerto Rico Sports Betting Potential
A new study on sports betting by Global Market Advisors examines the feasibility of sports betting and online gaming in the Puerto Rican gaming market. GMA Managing Partner Steve Gallaway says the government needs to be realistic in its projections.
In Puerto Rico, gambling happens everywhere from corner bars to corporate-owned casino to the Hipodrom Camarero. But the island presents an interesting challenge when it comes to legal sports betting. Why? In part, because legal gambling is already part of the fabric of society, and it will be a challenge to determine how to regulate an industry that has mom-and-pop locations as well as highly polished corporate venues.
Casino Review caught up with Steve Gallaway, managing partner at Global Market Advisors, to discuss the opportunities and challenges facing US tribal gaming sector, and whether sports betting will be a game-changer for the segment.
Last month, Osaka took the first big step in its quest to hold one of Japan’s first integrated resorts. On April 25, the city and prefecture began accepting requests for concepts from gaming operators interested in the region. Officials plan to select an operating partner in 2020 with hopes of fast-tracking the development so it opens before the 2025 World Expo, to be held on Yumeshima.