Convergence Strategy Group worked with the City of Richmond’s Department of Economic Development to determine the market potential for a casino resort operation in the city, assess potential community impacts, assist the City’s evaluation panel in their review of RFP bid responses, and to help the City negotiate optimal partnership terms with the development group ultimately selected,…
Convergence Strategy Group worked with City leadership from the initial consideration of bringing gaming to Danville, through the process of operator selection and final negotiations with its selected operator, Caesars Entertainment. The stated goal of the state legislation was to assist economically distressed communities in Virginia, with Danville named as one of 5 potential casino locations. In…
Convergence Strategy Group, as part of a large and diverse team led by Spectrum Gaming Group addressing all aspects of the gaming industry in New York for the State (from casinos to lottery, horse racing, sports betting, tax and licensing policies and socioeconomic impacts), assessed the future potential for both existing gaming statewide as well…
For a private development group, CSG assessed the casino gaming market potential for a proposed Dream Hotel in Las Vegas, Nevada. Dream Hotels, a luxury boutique hotel brand in select markets worldwide, has announced plans for a 450-room hotel on the Las Vegas Strip. CSG evaluated the Las Vegas gaming market and prepared a forecast for…
CSG served the Village of Tinley Park, Illinois in assessing the potential development of a racetrack casino on a brownfield site located in the center of the municipality. Subsequent to the State of Illinois’ announcement of new casino and racetrack casino licenses, CSG evaluated the northeast Illinois gaming market in terms of competition and its state of…
Convergence Strategy Group has performed market assessments for multiple potential casino sites in the Northern Illinois market, including the Chicago region. The competitive casino environment was evaluated in terms of property performance and market share, as well as the impacts of video lottery terminals. The regional population was evaluated in terms of size, income levels,…
Dr. Fisher provided a market analysis and an impact on valuation estimate for Donaco International’s DNA Star Vegas casino resort in Poipet, Cambodia, providing expert witness services for litigation against a former manager alleged to have breached an operating agreement. The analysis outlined how the revenues and expenses, and their structures, changed for the resort since the end…
Convergence Strategy Group performed a casino gaming market assessment and hotel market assessment for a confidential Native American Tribe located in Southern California. The highly competitive environment was assessed in terms of supply and demand for casino gaming as well as facility amenities such as hotel rooms and luxury suites, resort pools, entertainment, food and…
Convergence Strategy Group was engaged by the New Mexico Racing Commission to evaluate the potential net revenues, racing industry impacts, economic impacts, and societal impacts of adding a sixth racino to the state. In all, CSG fairly evaluated the merits of bids from six different operators, each of which proposed a different building program, amenity…
As a sub-consultant to Spectrum Gaming Group, CSG’s Dr. Fisher has provided market assessments and cash flow forecasts for several major international casino resort operators contemplating integrated resort development across five different sites in Japan. Dr. Fisher’s scope of work included analyses of various revenue forecasts, as well as sizing and positioning recommendations for the…