News

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.

You can read the entire article here

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.

You can read the rest of the article here

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.”

You can read the rest of the article here

Article by Steven Gallaway published in Global Gaming Business Magazine

The Millennial Is Not Your Customer

by Steven M. Gallaway

Millennial has become the new buzzword and focus of the gaming industry and commerce as a whole.

You can read the rest of the article here

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.

You can read the rest of the article here

Andrew Klebanow quoted in The Gazette

Why GOP-led Iowa doesn’t support free market for casinos

by B.A. Morelli

Much of American industry is based on a free market where competition spurs better products and lower prices and determines which businesses thrive or fail.

You can read the rest of the article here

Steven Gallaway interviewed by International Casino Review

Japanese tourism could sustain IR market at present level alone

Steven Gallaway, managing partner at Global Market Advisors, discusses the impact of frosty South Korean-Chinese relations, and the single feature of the Japanese gaming market which could set it apart in the Asia Pacific

You can read the interview in its entirety here

Global Market Advisors quoted in GGR Asia

Nepal’s Tiger Palace casino resort has hotel soft launch

Boutique Asian casino operator and developer Silver Heritage Group Ltd says it has had a soft opening  – for hotel accommodation only – of its Tiger Palace Resort Bhairahawa (pictured) in Nepal.

You can read the rest of the article here

Andrew Klebanow quoted in Asia Times

Chinese high rollers drive Macau’s casino rebound

by Muhammad Cohen

Conventional wisdom is Macau says authorities favor mass market gambling by tourists over VIP play from high rollers using junket promoters to circumvent China’s currency transfer restrictions.

You can read the rest of the article here

Andrew Klebanow quoted in Inside Asian Gaming

All you need to know about Macau’s recovery

by Muhammad Cohen

Macau’s recovery keeps producing surprising numbers and serious questions.  Gaming revenue powered ahead 19% through the first seven months of 2017, with both the mass market and VIP segments delivering double digit growth.  Lucrative overnight visitors increased 10% in the year’s first half, filling new hotel rooms and seemingly fulfilling political and economic imperatives to shift Macau’s profile toward tourism and leisure.

You can read the rest of the article here