News

Andrew Klebanow quoted in Inside Asian Gaming Magazine

Money in the Middle

By Muhammad Cohen

Inside Asian Gaming Magazine

The opening of Melco Crown’s Studio City in October heralded Macau’s pivot away from focusing overwhelmingly on the high end of the market and turning toward the middle class.  The resort opened without VIP gaming and features an array of non-gaming attractions, including theme park style rides, magic shows, international nightclub brand Pacha and a 5,000 seat arena hosting the likes of Mariah Carey and Aaron Kwok on opening night and Madonna this month.

Money in the Middle

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Kit Szybala quoted in Global Gaming Business Magazine

Ten Trends for 2016

#8 India: The Next Great Opportunity

by Kit Szybala

As Macau can attest, relying on the Chinese gamer is both extremely rewarding and volatile. While operators in all Asian markets continue to enjoy the fruits of Chinese patronage and work to grow this segment, savvy operators are always looking for the next big casino opportunity.  The next new opportunity could in fact be a sleeping giant: India.

Ten Trends for 2016

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Steve Gallaway’s predictions for 2016 appear in Asia Gaming Brief Magazine

Global Market Advisors’ Predictions for 2016

The pain in Macau is far from over, but the strong will survive

by Steven Gallaway

With the number of properties opening up on the Cotai Strip from now through the end of 2016, and the expectation that the VIP segment will continue to struggle due to PRC policies and an overall contraction in China’s economy, sufficient demand will not be there to support additions to supply (a basic concept taught to every student in Economics 101 class). While various Wall Street and Hong Kong analysts have correctly estimated 2016 gaming revenues (at least as much as possible when trying to project revenues based on a political policy rather than market demand), large contractions in EBITDA margins are to be expected.  Operators now have much larger properties to feed in a market whose gaming revenues will at best be flat.  The situation in 2016 will be analogous to the situation MGM faced with it opened City Center in the midst of the Great Recession.  Put simply, 2016 is going to be a rough year for Cotai 2.0.

Global Market Advisors’ Predictions for 2016

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Andrew Klebanow quoted in Forbes Asia

Sports Book Lounges Could Bring New Life to Macau Casinos; Asia Can Save Daily Fantasy Sports

Macau is the undisputed global casino capital, but one staple of the Las Vegas Strip is absent, besides the sequined, feathered showgirl.  Macau has no sports betting lounges in its casinos.  That’s the result of a quirk in the law that the government seems in no hurry to fix.  At the cutting edge of sports wagering thanks to another legal quirk, Daily Fantasy Sports betting is coming under siege in the US.  but Macau and the rest of Asia could become the natural spot for DFS to continue its extraordinary growth run.

Sports Book Lounges Could Bring New Life to Macau Casinos

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Andrew Klebanow quoted in Asian Gaming Magazine

Betting Slip

by Muhammad Cohen

The sports wagering world is changing fast.  Several US states are looking into legalizing sports betting potentially breaking the last wagering monopoly of Nevada, where the sports book lounge – with TV monitors showing contests in progress and wagering by handheld devices – has become as much a Las Vegas staple as the sequined showgirl.

Betting Slip

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