News

John English quoted in Fox 2 Detroit article

Betting on sports could soon be legal in Michigan pending U.S. Supreme Court case

by Randy Wimbley

It is estimated that illegal sports betting is a $150 billion industry – that could change by the end of the year with states taking a sizeable bite out of that pie.

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Andrew Klebanow quoted in Asia Gaming Brief

2018 in focus: Cambodia bitcoin and regulatory change

The year of the dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017.  The focus this year is likely to be on emerging markets, though regulatory change and disruptive technologies, such as the stellar growth of bitcoin are also expected to make their presence felt.  the following are predictions from some of AGB’s advisors on what to expect in the year to come.  The comments are in alphabetical order:

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Global Market Advisors mentioned in Forbes

Where Are Asia’s Casinos Headed in 2018?

by Muhammad Cohen

The gaming concession for SJM Holdings and its subconcession sold to MGM and Pansy Ho expires in March 2020, two years ahead of Macau’s other two casino licenses and their subconcessions.  I predict Macau will extend the SJM concession to align it with the others.  That will shift the question of what to do about the expiration of gaming concessions to Macau’s next chief executive, intensifying interest in next year’s contest to succeed Fernando Chui Sai-on.  Sure, Bejing has a lot to say about what happens in Macau, but gaming concession details are one area where Macau leadership can assert itself.

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Steve Gallaway quoted in Casino Review

No one will pity anybody: Tax hike to impact Russian industry growth

Russian casino operations are preparing for the impact of the Duma’s plans to raise gaming taxes throughout the Russian Federation by next year.

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Steve Gallaway quoted in Asia Gaming Brief magazine

Will Japan whet Europe’s expansion appetite?

It’s 15 years since Macau flung open its arms to international gaming companies and major US operators wasted little time heading to the Far East to plant their flags firmly in the ground.

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Steve Gallaway quoted in Asia Gaming Brief Magazine

Tax changes rock Russia’s gambling sector

Russia has passed a bill that doubles tax rates for both land-based casinos and bookmakers, with even more hikes in the pipeline, raising concern the ever shifting sands of regulation are changing the outlook for the industry and threatening foreign investment.

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Andrew Klebanow profiled in GGR Asia

Japan, Cambodia, Vietnam casino biz to watch: Klebanow

The regulated casino industry is well versed in dealing with the issue of problem gambling and will address any concerns that might be raised in Japan as that country moves toward legalizing casino business.

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Steve Gallaway quoted in Yogonet Gaming News – International Edition

Global Market Advisors projects up to USD 138 B in wagers

As the Supreme Court hears Christie Vs. NCAA today, sports betting remains one of the greatest opportunities for the gaming industry with the right regulatory and tax environment.  “Sports betting in the U.S. is on the forefront of the discussion not only in the gaming industry but among the general public,” said Steve Gallaway, GMA’s Managing Partner. “While the market has the potential to generate between $29.2 billion to $138.0 billion in wagers, it must be regulated and taxed properly to allow it to succeed.”

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Q&A with Andrew Klebanow and Global Gaming Business Magazine

East Coast Crunch

By Marjorie Preston

It’s getting crowded in upstate New York. Three casinos have opened since last December: del Lago in the Southern Tier, Rivers in Schenectady, and the new casino at Tioga Downs in the Finger Lakes area.  When the projects were pitched, gaming consultants forecasted combined revenues of $588 million through the end of 2017.

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