News

Steve Gallaway quoted on Forbes.com

As China Slows Down, Asian Casino Operators Eye Tough European Market

by Muhammad Cohen

Tough times at home have Asian casino operators eyeing Europe in search of returns.  “With China down, it’s about finding revenue elsewhere,” Global Market Advisors managing partner Steve Gallaway says.  But Europe is a much tougher market than Asia, with more casinos and fewer people, lower bets and higher costs, he adds, a view most other experts endorse.  More Chinese are indeed visiting Europe but not enough to justify major casino investments; Chinese high rollers are still much more likely to play in Asia, where they’re more profitable to operators.  Asian operators do come to the continent with one ace up their sleeve that can change the face of gaming in Europe.

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Andrew Klebanow quoted in Inside Asian Gaming magazine

Clinton v Trump: The gaming industry’s great unknown

By James Rutherford

What can the gaming industry expect from this wildest and most unpredictable of US presidential elections?  Put it this way – what if someone told you six months ago that the next leader of the free world could well be a self-proclaimed billionaire property tycoon and the reality TV star with four corporate bankruptcies to his credit, who’s running on a pledge to ban the world’s Muslims from entering the United States and wants to build a wall across the country’s 1,900 mile border with Mexico?

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Steve Gallaway quoted in Inside Asian Gaming Magazine

Asian operators look to Europe

by Muhammad Cohen

More Chinese tourists are coming to Europe and Asian casino operators are following.  Chinese tourists come to Europe to broaden their horizons, enabled by rising incomes at home.  Asian casino operators also come to Europe to broaden their horizons, but they’re driven by falling incomes at home.  Like the tourists, casino operators find Europe vastly different and more difficult to navigate than their home turf.  Those obstacles don’t preclude a successful trip, but it does make the journey far more challenging.

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Bill Bryson’s white paper on gaming in Taiwan published in GGB News

Taiwan Moving Forward

While Taiwan has long been a venue of interest among foreign casino investors, the effort to bring casino gaming to Taiwan has been a journey of stops and starts over the past 25-plus years.  There has, however, been fairly steady progress since 2009, when the government of Taiwan passed amendments to the Offshore Islands Development Act which permitted island counties to create casino-anchored tourist zones if such zones were approved by a majority vote in a county-wide referendum.

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Bill Bryson quoted on Yogonet International

Increasing support for gambling legalization in Taiwan

Taiwan, officially know as Republic of China (ROC) since World War II, bans gambling under it’s Criminal Code.  Voters approved a referendum in 2009 that gave outlying county islands the right to house casinos, but to date, no island has opted to take advantage of the laws afforded to them.

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Bill Bryson quoted in GGR Asia

Public, economics could tip Taiwan govt to casinos: GMA

A combination of popular demand in outlying islands and a desire to boost Taiwan’s economy as a whole could lead the governing Democratic Progressive Party (DPP) to reconsider its long-standing opposition to casino gaming, says a briefing paper from lawyer Bill Bryson of Global Market Advisors LLC (GMA)

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Andrew Klebanow quoted in the Boston Globe

Springfield casino seeks to blend into historic downtown

by Sean P. Murphy

When it opens in 2018, the MGM Resorts casino will make a historical claim hard to imagine amid thousands of flashing, whirling, slot machines: two pre-Civil War US presidents slept here.

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Kit Szybala quoted in Forbes Magazine

India’s Ignored Gaming Potential Tops $10 Bln, White Paper Says

by Muhammad Cohen

Name an Asian country with a billion-plus population, a rapidly expanding middle class, a propensity to gamble and virtually nowhere to do it at home.  Think again; the country described above is not only China, but India.  A report from gaming, tourism and hospitality consultant Global Market Advisors says that India has the potential to become a $10 billion annual legal gaming market. But international operators and major Asian gaming destinations remain fixated on China, despite diminishing returns, largely ignoring this outsized opportunity.

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Shaun McCamley quoted in CalvinAyre.com

Shaun McCamley: Look at proxy betting, social games to build brand

Asia is-at this moment-the largest gambling market, but it’s also a very difficult one to operate in due to restrictions that stem from outdated government laws.  Shaun McCamley, of Global Market Advisors, said “tough times” are ahead for operators, which is why they should start looking at other offerings to build brand and bring in additional revenue.

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