Saipan casino legalization shows how not to do it

July 20, 2014

US Pacific possession Saipan has legalized casinos in a process that’s been flawed from the outset. A US judge and Washington lobbying firm Park Strategies, founded by Alfonse D’Amato, along with a Macau junket promoter, are watching closely.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Caesars finally gets its piece of Asia in Korea

July 14, 2014

After more than a decade of disappointment, Caesars Entertainment has gotten an Asian foothold in South Korea. But the Incheon resort is unlikely to be a game changer for the heavily indebted, loss making casino giant.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Macau casino shares rally after June revenue falls

July 2, 2014

The 3.7 percent fall in Macau’s June casino revenue seems to have investors believing the world’s casino capital has hit bottom as share prices rally. That sentiment may prove wrong.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Russia tries to join the Asian gaming boom

June 25, 2014

On Russia’s far east coast, Vladivostok has lined up two Asia gaming operators to build casinos there. The region hopes to cash in on being closer to northern China than Macau.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Japan tiptoes toward casinos

June 20, 2014

Legislators took another small step toward legalizing casinos in Japan this week. Backers hope so-called integrated resorts will open in time for the 2020 Olympics, but the political and bureaucratic process will be a marathon, not a sprint.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Macau investors overreact to bad news

June 16, 2014

Shares in Macau casinos have taken a beating following a string of bad news. But industry insiders dismiss the news as noise. While there are issues ahead for Macau, they say the big picture remains bright.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Investors demand more from Macau

June 5, 2014

Macau’s gaming revenue rose 9.3 percent year-on-year in May to more than $4 billion, the fifth highest monthly total ever. That news sparked a brutal selloff in Macau casino shares, as investors expected even better numbers. Some analysts insist sellers are missing Macau’s big picture.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Never forget the June 4, 1989 massacre in Beijing

June 4, 2014

Last week, I saw Mike Chinoy’s excellent new film, Assignment: China – Tiananmen Square. In it, the longtime CNN Beijing correspondent and current senior fellow at the University of Southern California US-China Institute tells the story of the 1989 Beijing protests and subsequent massacre through the eyes of the reporters that got the news out of China by whatever means necessary.

On the night of June 4, the rulers of China showed their true face to their own people, and, thanks to correspondents like Chinoy, to the world. Let us never forget the hundreds, if not thousands killed for the crime of wanting a better government.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Macau casino minimum bets soar

May 26, 2014

Macau keeps raising the minimum bets at its tables. “If you’re betting $50 a hand, you can’t play in my casino on weekends,” one executive told me. In the short run, it’s about maximizing profits from a limited number of tables. But in the long run, high costs for play, along with expensive hotel rooms and shopping, may alienate visitors, good news for less expensive regional rivals such as the Philippines, Cambodia and Vietnam.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

Sands Macao: The house that built Sheldon Adelson

May 15, 2014

Ten years ago, Las Vegas Sands founder and nine-figure political donor Sheldon Adelson was a Strip B-lister who’d stumbled into the casino business, scrambling to pay the interest on his junk bonds. Then, in May 2004, Adelson opened Sands Macao, Asia’s first American style casino, and he got richer faster than anyone ever. Sands Macao is the house that built Sheldon Adelson.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.


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