Company: MGM Resorts International
Aaron Fischer is the senior vice president of corporate development of MGM Resorts International, appointed for the role in late 2016. According to a press statement from the company, Fischer will be tasked to “assist the company and its affiliates in the development and strategic planning of integrated resorts.”Fischer recently served as the Head of Consumer and Gaming research at CLSA, a boutique brokerage and investment group based in Hong Kong. During his 17 years as an equity analyst Fischer specialized in Macau, Japan, other emerging gaming markets and the global luxury goods industry.Fischer participated in most of the gaming related IPOs in Asia and was a highly ranked analyst according to various surveys, including a Wall Street Journal rating as the Number 1 Best Hong Kong Analyst in 2012.Before moving into research, Mr. Fischer was with Arthur Andersen in Melbourne as a Chartered Accountant. He graduated with a Bachelor of Commerce from the University of Melbourne in 1994.Fisher will work from the MGM Resorts offices in Hong Kong.
Casino operator MGM Resorts International on Monday announced the appointment of Aaron Fischer as chief strategy officer. Fischer, who is presently based in Hong Kong and serving as senior vice president of corporate development for MGM Resorts, has been working closely on strategies for the global development of integrated resorts in Asia. He will relocate […]
MGM Resorts International has secured CLSA’s Aaron Fischer as its senior vice president of corporate development. According to a press statement from the company on Tuesday, Fischer will be tasked to “assist the company and its affiliates in the development and strategic planning of integrated resorts.” Commenting on the new appointment, Jim Murren, chairman and […]
Macau’s gaming market is likely to remain around the $30 billion level, perhaps rising to $40 billion over time, less than half the level that was predicted at the height of the market, a leading analyst has forecast. CLSA’s Aaron Fischer said the consensus estimates made in 2013 were for a market of about $80 […]
Macau’s April gross gaming revenue is expected to decline 11-12 percent year on year, with weakness leading into the Labor Day weekend, said Bernstein in a note on Monday. Macau gross gaming revenue for April 18-24 was MOP4.2 billion (US$525.7 million), implying an ADR of MOP 600 million, compared to MOP 571 million in the […]
The Macau government is working on a proposal that could see the capital requirements for new junket operators increase 100-fold, reports Bloomberg who quotes inside sources. One proposal includes raising capital requirements for new junket operators to MOP10 million (US$1.3 million), from MOP100,000, and also requires at least one shareholder to be a Macau resident. […]
Macau’s tourism development masterplan, which aims to transform the VIP gaming hub into a mass market, diversified leisure destination, forecasts as many as 40 million tourists a year by 2015. The blueprint contains a clear vision of what the government wants for the future, with tourists staying longer and spending more on non-gaming activities. However, tourism industry experts say Macau as a family destination faces significant headwinds and stakeholders still haven't reached consensus on what brand Macau should be.
Asia’s casino markets are being held back by a lack of regulation, rather than lack of demand, with the underlying drivers for growth, such as under penetration, a rapidly growing middle class and strong propensity to gamble still intact. That was the message from speakers at the G2E Asia conference in Macau this week, with analysts bullish on the prospects for the region despite the current market downturn.
With the construction of a theme park on the cards for Galaxy Macau, could this form of family friendly entertainment prove crucial in enticing mass-market tourists in their droves? A natural byproduct of China’s burgeoning middle class has been more discretionary money to spend. Research from the Boston Consulting Group predicts that China’s consumer economy will expand by about half, to $6.5 trillion, by 2020 with services overtaking goods as the chief engine for spending. The booming theme-park market is likely to be a key beneficiary, but could it drive traffic to Macau?