Despite the recent downturn in gaming revenue in Macau, Asia remains the region of the world with the greatest opportunities for casino development. While Japan and Taiwan remain the most enticing markets, if on enabling legislation were to be passed, other markets are attracting the interest of casino developers. Unfortunately, most of those opportunities are in markets that are loosely regulated, difficult to get to, surrounded by poor infrastructure or require border crossings that can be best described as challenging.
Just a quick glance at this year’s roster of “25 People to Watch” will demonstrate how much change is coming to the gaming industry in 2015. As usual, the list is packed with accomplished people who have already been recognized as important members of the industry, making their mark, influencing others and building constituencies.
Economic Woes Fail to Dampen Enthusiasm for Russia’s Far East
Russia’s crashing ruble, falling oil prices and an almost doubling in capital outflows, have done little to dampen enthusiasm for two upcoming casino projects in Russia’s Far East, with experts saying the current economic woes will have little impact on their longer-term viability.
The Gold Coast’s increasing focus on the Chinese tourism market will be essential to the success of a proposed $7.5 billion Broadwater development, according to an independent US based analyst. Global Market Advisors has been hired by ASF Consortium to provide a feasibility study on the city and the potential for its controversial cruise ship and integrated resort proposal.
Global Market Advisors (GMA), a leading consulting firm to the casino gaming, hotel and airline industries, announced today the opening of its Asia regional office. GMA’s new office is located in the central business district of Bangkok, Thailand and will support clients located in the Asian region in advisory areas such as financial feasibility reports, marketing strategies, and government relations for companies in the casino gaming, hospitality, airlines, and financial industries.
by Marjorie Preston
Global Gaming Business Magazine
Gambling first became legal in Nevada in 1931, but slots have been around a lot longer than that. The original modern-style slot machine, the Liberty Bell, was introduced way back in 1899. Invented by a San Francisco auto mechanic named Charles Fey, it had three spinning reels with diamond, spade, and heart symbols, plus the image of a cracked Liberty Bell.