News

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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Andrew Klebanow quoted in Asia Gaming Brief

Sizing up Sihanoukville

Construction in the once sleepy seaside town of Sihanoukville is everywhere, with cranes, cement trucks, container lorries, and excavation generating clouds of endless dust.

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Article by Andrew Klebanow and Gerard Parisi published in Global Gaming Business Magazine

Crystal Ball Gazing

By Andrew Klebanow and Gerard Parisi

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.

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Andrew Klebanow quoted in Inside Asian Gaming

Deconstructing Donaco

by Muhammad Cohen

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.

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Brendan Bussmann quoted on PennBets.com

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.

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Steve Gallaway quoted in Global Gaming Business

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.

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