Global Market Advisors (GMA) is one of the world’s leading consulting firms serving the casino gaming, hospitality and airline industries. The firm is well-regarded for its independence and quality of thought-leadership. GMA’s feasibility reports for the casino gaming industry have received accolades from banks, private equity funds, and commercial operators alike.GMA is highly experienced in the markets of Asia, the U.S. and Europe. In addition, the firm has a strong history of working with Native American tribes on economic and tourism development policies. The global capabilities of GMA are enhanced by its multi-office footprint and staff associate network.
Bill Bryson has practiced law in New York and Taipei for over 25 years, and is recognized as a leading lawyer in the fields of gaming, hospitality, real estate development, mergers and acquisitions and financial transactions. Bill has extensive experience in the representation of local and foreign hospitality industry clients in their operations and investments, both in Taiwan and throughout Asia. Bill has represented casino gaming companies, gaming machine manufacturers and consultants to the industry in Taiwan and 38 other jurisdictions on a variety of issues, including:Corporate Structuring; Taxes; Employment Issues; Marketing Restrictions; Internet/Interactive Gaming; Debt Collection; Gaming Development.In connection with prior and ongoing efforts by Taiwan to legalize casino gaming, Bill has represented several gaming industry clients in connection with possible gaming development projects in Taiwan. These representations have involved due diligence on potential joint venture partners, negotiation of joint venture and deal documentation, due diligence on potential casino gaming locations, reviewing and commenting on draft laws and regulations, and preparing background materials for, and participating in, client lobbying efforts and meetings with government officials. Bill has been acknowledged by Chambers Asia Pacific as a leading gaming lawyer in the region, and by Chambers Global as a leading lawyer in the global gaming industry. He has been a speaker at both the Asian Gaming Congress and G2E Asia, and currently serves on the Advisory Board of the Center for Research on Gaming and Lotteries, a division of the School of Business Administration at the National Taiwan University of Science and Technology.Along with his gaming, hospitality and transactional experience, Bill also brings with him extensive experience in public advocacy. As a member of the Government Relations Committee of the American Chamber of Commerce in Taipei, as well as his roles as Chairman of the Private Equity Committee and member of the Travel and Tourism Committee, Bill has, for the past 20 years, been a regular and central member of the Chamber’s advocacy efforts on behalf of foreign companies in Taiwan. Bill’s advocacy experience includes working with both local and US government officials on issues of importance to American companies in Taiwan, reviewing and revising draft legislation and regulations, developing advocacy strategies for both clients and industry groups, and being an editor of the Chamber’s annual Taiwan White Paper, a collection of position papers produced by the Chamber’s industry Committees. Bill’s efforts on behalf of foreign companies in Taiwan have been recognized by the American Chamber of Commerce with two Outstanding Achievement Awards.Bill is a graduate of Duke University (B.A, Cum Laude, 1980) and Tulane University School of Law (J.D., Magna Cum Laude, 1984). He is licensed in the States of New York (1988) and Illinois (1984). While at Tulane, Bill took courses in both civil law and common law systems, a curriculum which, when combined with Bill’s 26 years of working in Asia, has made Bill and expert in identifying and reconciling, in a project or transactional context, the different approaches taken by civil law systems and common law systems to the drafting of new laws and regulations and the interpretation of existing laws and regulations.
Steve Gallaway is Managing Partner at Global Market Advisors. His areas of expertise include gaming market assessments, hotel and casino feasibility studies, operational reviews and marketing analysis.Mr. Gallaway has spent his entire career in the gaming and hospitality industry, starting as a valet attendant and eventually rising to chief operating officer and managing partner of a casino in Colorado. Prior to forming GMA, he served as senior vice president of a hospitality consulting firm where he honed his craft in the fields of gaming market assessments and feasibility analysis. During the span of his career, Steve developed hands-on experience in operations management, organizational development, project development, business development, process improvement, contract negotiations, employee development, and customer service training.In 2005, along with Andrew Klebanow, Mr. Gallaway formed Gaming Market Advisors. In 2014 the firm was rebranded as Global Market Advisors, reflecting the company’s evolution as an international gaming, tourism and hospitality consulting firm.Mr. Gallaway has completed over 300 feasibility studies, with a strong focus on international gaming operations and integrated resort development. Mr. Gallaway has worked on more than 60 projects in Asia, Western and Eastern Europe, the Caribbean, Central America, Canada, and Australia. His knowledge and understanding of emerging markets, particularly those in Asia, has led him to advise institutional investors on new market opportunities in that region, as well as an advisor on established markets. Today, Steve’s clients include most public gaming companies, investment banks, private developers and government institutions.Mr. Gallaway is a visiting lecturer at the University of Nevada Reno’s School of Continuing Education where he teaches a class on casino feasibility analysis and marketing measurement. He is a periodic contributor to Global Gaming Business Magazine and has spoken at G2E Las Vegas and the Asian Gaming Congress.Mr. Gallaway graduated from Boston College with a B.A. in Economics.
Global Market Advisors (GMA) today has announced the retirement of industry veteran Andrew Klebanow from the firm. Klebanow, who has been with GMA since 2005, is reportedly stepping down to spend more time with his wife, Sue, after over forty years in the hospitality industry. Klebanow has worked in the hospitality industry since 1975 and […]
Clarion Gaming (Clarion) and Global Market Advisors (GMA) announce an exclusive strategic partnership, bringing together two of the leading organizations in the gaming, entertainment, sports, and hospitality sectors. This partnership will provide both organizations with a collaborative vehicle to educate and grow these industries through Clarion’s extensive lineup of events and GMA’s operational and […]
A backlash against a perceived influx of Chinese investment has sparked protests in both Vietnam and Cambodia this year, though experts say the outlook for two of the region’s most promising gaming markets remains positive. Most recently the protests have centered on plans for three economic zones in Vietnam, one in the center, one in […]
The Year of the Dog is about to dawn in Asia, with most gaming markets in the region starting on a positive note after a strong 2017. The focus this year is likely to be on emerging markets, though regulatory change and disruptive technologies, such as the stellar growth of bitcoin are also expected to […]
Global Market Advisors (GMA) has announced John English is joining the firm as a partner, serving as managing director of GMA’s new Sports Betting and Technology division. In tandem with the new appointment, GMA has announced the release of a white paper entitled, “An Examination of Sports Betting in America & Forecast of Revenues by […]
There is a chance that Japan’s Responsible Gaming Bill may be passed as early as the end of 2017, say analysts from Global Market Advisors. The passage of the bill however will be determined by the length of the extraordinary session, which experts are saying could be extended through December. “If it is extended through […]
An IR built in Yokohama, near Tokyo, could expect to have a local market population of about 38.6 million adults, with the potential to general about $5.6 billion in gross gambling revenue, Global Market Advisors said in a white paper. The firm analysed four potential scenarios for the introduction of IRs into Japan and delved […]
Global Market Advisors today released its complete white paper on integrated resorts in Japan, “White Paper: Japan Integrated Resorts.” The paper takes a comprehensive look at the Japanese market, including demographics, regulation, responsible gaming considerations, how it may approach integrated resort development and market revenue projections. “Japan has been referred to as the ‘holy grail’ […]
Japanese gaming preferences point to a bonanza for slot machine suppliers once casinos open in the country, with local manufacturers likely to provide strong competition with new products based on local tastes, according to a white paper from Global Market Advisors. The 114-page report, entitled White Paper: Japan Integrated Resorts, found that while there has […]
The building of an “Osaka Strip” involving three or more operators could potentially give Macau and Las Vegas a run for their money, says Steve Gallaway, managing partner of Global Market Advisors. The analyst made comments on a number of scenarios for IRs in Japan in a white paper titled “White Paper: Japan Integrated Resorts”. […]
Global Market Advisors (GMA) has announced that Jeffrey Smith has joined as managing director of racing and Brendan Bussmann as director of government affairs. “As the hospitality and travel industries continue to grow, these two individuals bring a tremendous amount of experience and knowledge to complement and expand the existing GMA team. Jeff and Brendan […]
Japan will prove to be the largest opportunity in gaming today and all hospitality companies will be active in the market evaluating the potential opportunity while the legislation is being written. Large-scale casinos will bid to build some of the world’s most iconic integrated resorts, similar to the magnitude the world saw constructed in Singapore. […]
Tiger Palace Resort, Bhairahawa, a beautiful casino resort being constructed in Nepal on the border with India, is due to have its soft opening in February 2017. 430 million people live in India’s capital Delhi and three Indian states that border Nepal; and 15.5 million “middle class” Indians live within a six-hour drive of Tiger […]
Global Market Advisors (GMA), a leading hospitality research and consulting firm, focused on the global casino gaming, lodging, tourism, and airline industries, has issued a thought-leadership piece entitled, “Proxy Betting in Southeast Asia, Insights and Evaluation of the Product’s Potential,” authored by Shaun McCamley, who heads GMA’s office in Bangkok, Thailand. The white paper provides […]
Jonathan Galaviz, senior vice president & head of research at Global Market Advisors (GMA), will speak at the 7th Annual Wells Fargo Securities Gaming, Leisure & Restaurants Conference, held on Tuesday, May 10-11, in Las Vegas, Nevada. Galaviz’s presentation will provide insights into the politics and economics of Asia’s travel and leisure sector, with a […]
Casino gaming consulting firm Global Market Advisors (GMA), has announced that Shaun McCamley has joined the company as head of its Asia regional office. Due to the company’s growth, GMA recently moved to larger space in the central business district of Bangkok, Thailand, where Shaun will be based. On Shaun’s new position, Steve Gallaway, […]
Laguna Lang Co. is moving ahead with the second phase of its integrated resort project in Lang Co in Thua Thien-Hue province Vietnam, with the selection of an operator to run a casino at the resort likely to happen in 2016, the company said in a press release. Phase II will include a condominium development […]
The master plan for the Laguna Lang Co in Vietnam, which is currently seeking an operator to run a casino for the complex, will include a further six hotels and more entertainment facilities. The resort, operated by Singapore-listed Banyan Tree Holdings, announced on May 25th that it’s seeking Requests For Concepts for a casino/entertainment facility, […]
The Philippines has been one of the best-performing gaming jurisdictions over the past five years and is expected to continue to outperform, despite rising regional competition, as the country’s operators expand.
The expansion of Cambodia’s casino industry has continued apace into 2019, though the collapse of a building in Sihanoukville in June has raised concerns that construction and environmental standards are being ignored in the race for development.
Construction in the once sleepy seaside town of Sihanoukville is everywhere, with cranes, cement trucks, container lorries, and excavation generating clouds of endless dust.
Queensland continues to attract international investor interest in its casino market and is expected to see progress in new licenses being issued this year, though sentiment towards the market as a whole is lacklustre amidst flat revenue and rising regulatory pressure. Any projects are also likely to be smaller in scale than those originally mooted in the first round of license bidding.
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. Steve Gallaway, managing partner at Global Market Advisors, says the “changes to the tax regime are devastating for the IEZ (Integrated Entertainment Zone) in Primorye,” referring to the most developed of Russia’s gaming zones.
The attack on Resorts World Manila, a likely public smoking ban and a proposed casino entry fee are putting pressure on the Philippine gambling industry. It was the best-performing in Asia last year and tipped again for strong growth, but smoking bans have never been known to produce a positive effect on revenue, while the attack hits a country that has long struggled with the perception it is not safe.
Macau Legend has big plans for Laos after its $42 million purchase of Savan Vegas, but the Laos market remains volatile and somewhat hostile to foreign investment. Laos hit the headlines last year when the government put Savan Vegas out for bids having seized the resort from its foreign owners, Sanum Investments, over alleged tax liabilities. The sale generated interest from six buyers, including Macau junket promoter Iao Kun Group and casino operator Macau Legend.
To coin a popular phrase, 2016 really has been a year of two halves in the Asian gaming industry. To continue with the cliches, it’s also fair to say there have been a few curved balls along the route. Industry experts gave us their views of the year just passed, with the good, the bad and the ugly.
Tigre de Cristal, Russia’s biggest casino, is focusing on its non-gaming attractions to boost revenue following lower-than-expected demand from locals for its casino offering. While the resort is primarily targeting visitors from Northern China for growth, at present the tourism infrastructure is lacking, forcing a greater focus on the domestic market, experts say.
Lawmakers in the Indian state of Maharashtra are considering moves to legalize casino gambling, while the Supreme Court has handed the decision on whether to allow sports betting over to politicians. Both moves are being followed closely by the industry, which views India as a potential sleeping giant in Asian gaming. With its 1 billion-plus population and rapidly expanding middle class, the market is seen as having huge potential.
Bingo is not a game we hear a lot about in Asia. Legal and regulatory restrictions, coupled with a lack of appetite for the game, mean it is near non-existent in the likes of Korea, Macau, Malaysia, and Singapore. However, bingo is becoming popular in some parts of China, particularly Taiwan where a speed variant is played through the state lottery and in the Philippines the game has been played in various forms since Spanish Colonialism back in 1521. So could it catch on?
Vietnam’s slow-moving legislative process, combined with the burden of the existing regulations, means the country’s full potential as a gaming destination won’t be reached until the next decade at the earliest, industry experts say. Although there has been a lot of speculation that there will be some relaxation of these rules, it now doesn’t look likely to happen for some time to come.
Proxy betting is booming in Asia’s grey markets, with live broadcasts of table games thought to be pulling in a chunk of Macau’s missing VIP billions, but this growth has led to concern over unclear regulations. Experts say that regulation will benefit the entire industry, though regulators should take care not to confuse the increasingly popular video-streaming services with online gambling.
The challenges presented by Asia’s grey markets and consumer demands for quick-fix gambling solutions were among the key issues addressed at the iGaming Asia Congress in Macau last week. Experts provided views on topics ranging from the perennial lure of China, to the “sleeping giant” that is India, as well as outlining opportunities in fledgling markets such as Vietnam.
Macau’s casino operators have already cut the low hanging fruit when it comes to reducing operating costs and are now struggling to further pare expenses as the slump in the market drags into its 19th straight month.With labour cuts not an easy option in Macau, the casinos face a juggling act in scaling back customer service standards without losing the customer. They are looking for creative ways to cut back behind the scenes and make every penny count.