News

Andrew Klebanow and Steve Gallaway quoted in Global Gaming Business Magazine

Slot Floor Exodus

by Frank Legato

Global Gaming Business Magazine

Ten years ago, few questioned how operators managed the industry’s cash cow, the slot floor.  Over the past couple of years, though, the cow has become a lot harder to milk, and what was once unthinkable is now one of the few things on which everyone agrees: Everywhere you look, slot revenues are down.

Slot Floor Exodus

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Andrew Klebanow quoted in Forbes

Macau Peninsula, Cotai A Tale of Two Cities For Urban Casino Integration

by Muhammad Cohen

Forbes

Casinos in cities should connect with their surroundings and can lead their enormous visitor pull to spur urban revival, Global Market Advisors partner, Andrew Klebanow says in a thoughtful and timely paper, Casinos and the City, that he presented recently in Beijing.  While downtown Macau (or “the peninsula”) is an archetype for successful integration of casinos into the cityscape – just count the number of pawn shops – Cotai has gone a different way.

Macau Peninsula, Cotai A Tale of Two Cities for Urban Casino Integration

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Steve Gallaway quoted in Global Gaming Business Magazine

Labor Pains

By James Rutherford

Global Gaming Business Magazine

On May 1, Macau’s casino workers kicked off another dismal month for gaming revenues by taking to the city’s ancient streets to demand pay raises and limits on the employment of migrants, and an end to workplace disciplinary policies they fear have been introduced to cover for a troubled industry looking to cut its losses by cutting jobs.

Labor Pains

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Global Market Advisors quoted in South Coast Today

Promise of Jobs Central to New Bedford Casino Debate

City officials have said KG Urban’s casino project would create 2,164 construction jobs and 3,831 permanent jobs.  Those figures are from consultant Global Market Advisors, which has done feasibility studies on the developer.

South Coast Today

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Andrew Klebanow quoted in Inside Asian Gaming Magazine

Rough Around the Edges

You won’t see hitching posts, tumbleweeds or swinging door saloons, but Poipet in Cambodia is the frontier.  The casino strip lies just past Thailand’s busy border checkpoint at Aranya Prathet, where some 5,000 people cross into Cambodia daily.  After passing an arch crowned in the style of Buddhist stupas, travelers must walk some 200 meters through the heart of the strip to reach Cambodia’s immigration post and receive their visas.

Rough Around the Edges

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Andrew Klebanow quoted in Inside Asian Gaming

Getting Past China

by Muhammad Cohen

Diversification remains one of Macau’s loudest buzzwords, a government imperative for casino operators and a key to making Macau the world center of tourism and leisure envisioned by Beijing’s Five Year Plan for 2011-2015.  Economic diversification has proven elusive in view of Macau’s gaming-centric tourist mix; customers want what they want.

 

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GMA quoted in GGR Asia

Casinos not a fix-all for urban redevelopment: GMA

GGR Asia

The “single greatest mistake” that a government or jurisdiction can make is to allocate land for a gaming project simply on the basis that it wants urban redevelopment in that spot, says a new report from Global Market Advisors LLC.

Casinos not a fix-all for urban redevelopment: GMA

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