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.
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.
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.
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.
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.
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).