Friday, March 31, 2023

Tag: Global Market Advisors

Bidders ready to present plans for Chicago casino to Windy City public

Bidders ready to present plans Chicago Casino
With industry commentators raising concerns about the high bar represented by the $1bn potential investment combined with the city’s tax rate, MGM and Wynn Resorts have already opted to pass on Chicago’s request for proposals process.

WarHorse Gaming seeks TIF for Horsemen’s Park project

Nebraska WarHorse Gaming seeks TIF for Horseman's Park project
Ho-Chunk Inc. subsidiary WarHorse Gaming Omaha has applied for tax increment financing for its $220m Horsemen’s Park redevelopment.

Red Rock Resorts revives casino project in Southwest Las Vegas

Frank Fertitta Red Rock Resorts CEO
Red Rock Resorts has confirmed it will begin work on its long-awaited South Durango Drive casino in Las Vegas early next year.

Japan pushes forward with IR policy despite coronavirus

Japan Yen coronavirus
Amid the ongoing coronavirus crisis, local governments are pushing forward with the necessary groundwork to make a bid for one of Japan’s first three integrated licences, with Wakayama prefecture announcing the launch its RFP process at the end of March.

Tribal gaming: Hitting “a general level of maturity”

Steve Gallaway Tribal Gaming Challenges
Casino Review caught up with Steve Gallaway, managing partner at Global Market Advisers, to discuss the opportunities and challenges facing US tribal gaming sector..

“Partnerships will be key” in the development of Japanese IR industry

japan, Global Market Advisors, partnerships, governments
Steve Gallaway, managing partner at Global Market Advisors, explains that to be successful in a bid for a Japanese IR licence, foreign operators will need to undertake multiple partnerships, working both with local companies as part of consortium, in addition to regional governments. Casino Review: Following the passage of the IR Implementation Bill, what kind of timescale are we looking...

The Waiting Years: Japanese gaming legislation gradually takes shape

ICR - Japanese gaming bill
Sources in the Japanese government suggest that it’s likely to be August at the earliest before a steering body publishes the outline of the Integrated Resorts (IR) Implementation Bill.   Government sources have suggested that it is likely to be August at the earliest before a steering body made up of Japanese cabinet ministers makes public the outline of the Integrated...

GMA strengthens Indian Gaming focus with new VP appointment

Casino Review - GMA Indian Gaming VP
Global Market Advisors has confirmed its commitment to enhancing focus on Indian Gaming by appointing Erika Meeske Rafferty as VP of Native American Gaming.   The leading consultancy firm serving the casino industry, GMA (Global Market Advisors), has enhanced its focus on Indian Gaming with the appointment of a new Vice President of Native American Gaming for the company. Erika Meeske Rafferty,...

Vietnam to continue banning locals from casino floors

Casino Review Vietnam
Vietnam’s ruling Communist Party has decided against lifting its long-standing ban on locals visiting the country’s 30 casinos, potentially snuffing out hopes for the region as the next casino hub.   In its latest draft decree, Vietnam’s Ministry of Finance confirmed this week that casinos will still not be permitted to take wagers from anyone without a foreign passport. The announcement not...

Short-term prospects “grim” in Macau, says GMA Asia chief

Casino Review Shaun McCamley consultancy Global Market Advisors
Shaun McCamley of consultancy Global Market Advisors maintains that Macau’s operators need to “think outside the box” or face continued frustration on the Cotai Strip.   With the announcement that gaming revenue had actually climbed (albeit marginally) in Macau last month – a two-year slump of consecutive decline for the city’s casino trade finally came to an end. At least on paper,...