News

Brendan Bussmann quoted on SportsHandle.com

Illinois Sports Betting Bill ‘Not The Best’

by Jill R. Dorson

If one thing is clear after a weekend of wheeling and dealing, Illinois lawmakers accomplished their main goal – to legalize sports betting.  But as times wears on, the issue of how they legalized and how the industry will respond to a bill that is, in the words of one source, “not the best,” will come to light.

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Brendan Bussmann quoted on Sportshandle.com

Warts And All, IL Senate Passes Capital Bill With Sports Betting

by Jill R. Dorson

Less than 24 hours after the Illinois House approved a massive capital bill that includes sports betting, the Illinois Senate concurred Sunday, voting 46-10-2.  During the discussion ahead of the vote on SB 690, it was clear that daily fantasy and online sportsbook operators are not happy with what sports betting will look like in the biggest market state to legalize this year.

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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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