News

Article by Andrew Klebanow published in Indian Gaming Magazine

Rethinking Food & Beverage

by Andrew Klebanow

Of all the issues facing casino leadership, there is no greater quandary than solving the food & beverage equation.  Restaurants in particular, present a host of issues.  They are notoriously expensive to operate, consuming copious amounts of labor and product costs.  Rarely do individual outlets post a profit and departmental profit is often dependent on beverage sales.  high levels of customer satisfaction can be difficult to achieve, given that many players visit the same restaurant outlets on each visit, and in turn get bored with the menu selection.  Perhaps the hardest aspect is balancing the needs of very frequent players while using food  & beverage as a tool to attract new customers.  Given all this, it may be time for casino operators to rethink their food and beverage programs.

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Brendan Bussmann quoted in Forbes

Osaka Stands Alone As Japan Big City Casino Candidate

by Muhammad Cohen

Casino operators have declared Osaka their favorite major Japanese city to develop an integrated resort the way parents declare their only child their favorite.  None of Japan’s other largest metropolitan areas have entered the competition for an IR license, so Osaka stands alone.  Under the licensing process, local jurisdictions will nominate a single consortium for the national government to consider for an IR license.  So it’s imperative for casino operators and their partners to convince local authorities they are their best choice. As Osaka launches its selection process, expect extraordinary competition among at least a half-dozen of the biggest names in gaming, and in this beauty contest, second place won’t even get a bouquet.

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Andrew Klebanow quoted in Global Gaming Business News

Naga’s Cambodia Plan Raises Questions

In an April 21 filing to the Hong Kong Stock Exchange, Cambodian casino operator NagaCorp said it will spend $3.5 billion to develop a third casino resort in the capital city of Phnom Penh.

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Study by GMA on the Puerto Rico market, quoted in Caribbean Business

Studies frame Puerto Rico’s future betting market

by Maria Miranda

A new study on sports betting, commissioned by the Puerto Rico Hotel & Tourism Association (PRHTA) and conducted by Global Market Advisors (GMA) to examine the feasibility of a sports betting and online gaming market on the island, highlights six areas that should be considered by stakeholders before “advocacy efforts” begin.

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Steve Gallaway and Brendan Bussmann quoted in ElNuevodia.com

(via Google Translate – article is in Spanish)

Will the potential of bets increase the collections to the treasury

by Antolin Maldonado Rios and Joanisable Gonzalez

The world of sports betting may represent an opportunity for Puerto Rico, but if the island ventures into this niche in an inappropriate manner, it will not be able to increase tax revenues or boost economic activity as alleged, said Steven M. Gallaway and Brendan D Bussmann yesterday, executives of Global Market Advisors (GMA).

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Andrew Klebanow quoted in Nikkei Asian Review

NagaCorp doubles down with $3.5bn casino plan in Cambodia

by Shaun Turton

NagaCorp is planning its third casino project in Phnom Penh to tap the growing numbers of free-spending Chinese tourists to the country.  But with a price tag equal to almost a sixth of Cambodia’s GDP, analysts are questioning the viability of the project.

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Brendan Bussmann quoted in the Straits Times

With Japan set to build three integrated resorts, operators cast eyes on potential $33.8 billion casino market

by Walter Sim

The operators of Singapore’s two integrated resorts (IRs), which this month injected $9 billion in fresh investment, are also itching to place their bets on Japan in the race to enter the world’s largest untapped casino gambling market

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Brendan Bussmann quoted in Global Gaming Business News

Osaka Election Boosts IR Hopes

Candidates of the Osaka Restoration Association or Osaka Ishin no Kai won out over their challengers in the April 7 election, in a positive outcome for supports of an integrated resort in the region.  The Liberal Democratic Party slate also supported an IR, but with less zeal; according to GGRAsia, “the LDP’s backing has reportedly been more nuanced.”

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Brendan Bussmann quoted in Australian Financial Review

Behemoth or die, say casino experts

by Jacob Greber and Jemima Whyte

Wynn Resorts is an increasingly attractive global partner for James Packer’s Crown Resorts as the Las Vegas giant cleans up its corporate reputation under new management and confronts the hard reality of a globalising industry, say US- based industry experts.

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Brendan Bussmann quoted in Global Gaming Business News

Analyst: Slow Down on Osaka IR

The city and prefecture of Osaka remain at the top of the list of potential integrated resort locations in Japan.  U.S. gaming operator MGM Resorts International has an “Osaka-first” approach, and others including Melco Resorts and Entertainment and Galaxy Entertainment Group also have Osaka in their sights.

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