David Rittvo, Executive Vice President of International Division for The Innovation Group, is leading a team to expand the company’s presence on an international level, with focus on the Asian Region. He joined The Innovation Group as a Senior Analyst in 2009 to provide gaming feasibility analysis and to help formalize a specialty advisory discipline within the organization that provides F&B-specific consulting, marketing, development, financial, operational and management advisory services to the firm’s gaming, entertainment and hospitality clients. Since joining the Innovation Group, Mr. Rittvo has been intimately involved with The Innovation Group’s international projects, particularly Asia. Mr. Rittvo started working on these projects as an analyst providing background research and support and has progressed to lead and manage the International Team while providing in-depth analytical and financial research for clients. The international studies have included feasibility, market assessments, financial pro forma projections and master planning for multiple clients in Vietnam, The Philippines, Sri Lanka, Macau, Australia, Japan, Korea and Taiwan. Clients have included Large Cap Casino Companies, International Developers and Financial Institutions. The reports and analysis that his team has completed have been responsible for multiple large scale Integrated Resort developments in Macau, China; Vladivostock, Russia; Colombo, Sri Lanka; and Vung Tau, Vietnam.
David Rittvo, Executive Vice President of International Division for The Innovation Group, is leading a team to expand the company’s presence on an international level, with focus on the Asian Region. He joined The Innovation Group as a Senior Analyst in 2009 to provide gaming feasibility analysis and to help formalize a specialty advisory discipline […]
While most countries across Asia pose some degree of political risk, Taiwan is perhaps one of the more complex jurisdictions due to its relations with neighbouring China.Domestic politics, public opinion and cross-straits relations may all play a part as the island debates moves to allow a casino industry on its outlying islands. Bill Bryson, a senior advisor at Global Market Advisors, outlines some of the risks and mitigating factors.a) Possible change of ruling party: Taiwan is a full-fledged democracy, in which all elected government positions, including the President, are directly elected by the people of Taiwan. The current ruling party, the Chinese Nationalist Party (“KMT”), is generally favorably disposed towards creating a casino gaming industry and has a clear majority in the Taiwan legislature. The current opposition party, the Democratic Progressive Party (“DPP”), is generally not favorably disposed towards casino gaming, but is less concerned about the establishment of casino gaming on Kinmen and Matsu since it does not consider those two islands, which sit just off the coast of Fujian Province within sight of the Chinese mainland, to be part of Taiwan.
China’s crackdown on corruption, increasingly stringent immigration controls and a recently proposed 21-million quota on annual visitors from the mainland has significantly changed Macau’s junket market, with promoters increasingly diverting business to surrounding regions and expanding their reach and scope.
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