News

Andrew Klebanow quoted in Inside Asian Gaming

All you need to know about Macau’s recovery

by Muhammad Cohen

Macau’s recovery keeps producing surprising numbers and serious questions.  Gaming revenue powered ahead 19% through the first seven months of 2017, with both the mass market and VIP segments delivering double digit growth.  Lucrative overnight visitors increased 10% in the year’s first half, filling new hotel rooms and seemingly fulfilling political and economic imperatives to shift Macau’s profile toward tourism and leisure.

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Andrew Klebanow quoted in Bloomberg Markets

13 Holdings Misses Luxury Macau Hotel Deadline

By Daniela Wei amd Annie Lee

13 Holdings Ltd. missed a Monday deadline to open its luxury hotel in Macau, a condition of a HK$3 billion ($384 million) loan from Band of Communications Co. for the gaming project just off the Cotai strip, according to people familiar with the matter.

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Shaun McCamley quoted in Gambling Insider

Vietnam: A step in the right direction?

by Caroline Watson

A year ago, the Asian gaming landscape appeared bleak.  Macau was enjoying another year of steady decline, even after Melco Crown Galaxy Entertainment devoted $5bn in new resorts, whilst South Korea had more licenses available than qualified bidders.  There were so few attractive opportunities in the region that Asian companies were looking at Europe as an alternative.

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Steve Gallaway interviewed for Inside Asian Gaming

Educating Japan

by Andrew W. Scott

Inside Asian Gaming spoke with Managing Partner at Global Market Advisors, Steve Gallaway, to gain a deeper insight into the company’s 2017 White Paper on Japan Integrated Resorts

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Shaun McCamley quoted in Bloomberg Businessweek

Phil Falcone Bets on a Casino (Where the Locals Can’t Gamble)

by Matthew Campbell

It’s 7:55 on a sweltering Tuesday morning in southern Vietnam, and more than 1,000 cleaner, cooks, and card dealers from the Grand Ho Tram Strip casino wait outside the resort’s largest ballroom for a staff meeting to start.  A bass-heavy electronic beat booms from within.  When the doors finally open, drawing a cheer, the ballroom is dark, apart from beams from blue and white spotlights dancing across the ceiling.  In the middle of the floor are five figures.  Four are tall Vietnamese women, dressed in bright red, ankle-length feathered skirts; bright red, rhinestone-studded bikini tops; and bright red, feathered headdresses twice the width of their shoulders.  The women form a square and stride forward, hoplite warriors in the world’s weirdest phalanx, with the fifth person at their center: Michael Kelly, a middle-aged guy from Philadelphia who’d never even visited Asia before signing on as the casino’s executive chairman.

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Steve Gallaway quoted in Inside Asian Gaming magazine

Journey to Japan

by Muhammad Cohen

Have you heard the one about the Japanese high roller?  Not lately, according to a range of sources in the gaming industry.  Even though Japan remains the world’s third largest economy and whales like Akio Kashiwagi made casino owners such as Donald Trump sweat as they rolled millions during the 1980s and early 90s, Japanese premium players are little more than a footnote in Asia these days.

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Steve Gallaway quoted in Korea Herald

Casino expert stresses convergence of gaming and nongaming industry

Amid Macau’s gaming revenue comeback this year following three consecutive years of financial blunders, the annual three-day Global Gaming Expo Asia concluded Thursday with experts eager for the future of Macau beyond a gambling destination.

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Japanese White Paper by Global Market Advisors quoted in GGR Asia

U.S. operators big contributors to Macau growth: AGA head

The U.S. casino operators with a footprint in Macau have made “immense contributions” to the development of the city’s casino industry, and that should be recognized during the upcoming concession renewal process, says Geoff Freeman, president and chief executive of the American Gaming Association (AGA).

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Bob Boughner quoted in Macau Daily Times

G2E Asia: IR Brainchild was for both profitability and ‘political cover’ says panelist

by Daniel Beitler

The creation of the integrated resort (IR) concept, which debuted in Las Vegas and later spread to Macau, was intended to both diversify operator offerings as a means of increasing profitability as well as provide “political cover” for what are essentially casino-hotels, said a panelist during a session yesterday at the Global Gaming Expo Asia (G2E Asia).

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