From betting on baccarat to backing resort projects, Asian money is leading the revival in Las Vegas. Top gaming consultant Steve Gallaway, a partner at Global Market Advisors, and author of Chopsticks and Gambling Desmond Lam give their views on Asia’s influence on Las Vegas.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
With their casino revenue potential restrictions, Singapore’s integrated resorts booked $1.3 billion in revenue beyond the casino floor last year from hotels, shopping, conventions and attractions, much of it at higher margins than gaming. That’s a quarter of Singapore IRs’ total revenue, five times better than Macau’s percentage of non-gaming revenue, but less than half of the ratio for Las Vegas.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Monday’s inauguration of Joko Widowo as Indonesia’s seventh president is a transformational moment for the world’s third largest democracy. Known as Jokowi, Widodo is Indonesia’s first retail politician and will be the first freely elected leader who wasn’t part of the power structure during Suharto’s 40 years of authoritarian rule. At Indonesia’s Ubud Writers Festival., experts warned the remnants of those bad old days threat to stop Jokowi’s reformist agenda, bad news for Southeast Asia’s largest economy and the nation with the world’s largest Muslim population.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Whether or not protestors remain on the streets, Hong Kong and Beijing need a mutually acceptable election solution to keep my adopted hometown a vibrant world city that serves the interests of its residents and mainland China. The rest of world, where local and national governments often have divergent political outlooks but work together for the common good, shows it’s possible. Moreover, that’s the essence of “one country, two systems.” Hong Kong Chief Executive Leung Chun-ying’s performance, telling protestors there’s “zero chance” for changing Beijing’s proposal that will thwart real representative government, graphically demonstrates how crucial it is for Hong Kong be able to choose a leader that stands up for its interests, not only Beijing’s. Good faith and smart people on all sides must make it happen before Hong Kong’s government makes more mistakes.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
The Philippines hopes to get on the regional gaming map with two $1 billion-plus integrated resorts opening in Manila in the coming months. These properties will need to bring in planeloads of foreign players to meet expectations.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Macau casino revenue took its worst tumble in five years in September. The outlook for October, traditionally one of the most lucrative months on the calendar due to China’s Golden Week holiday, is an even bigger fall.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Standard Chartered bank says South Korean casinos are poised to outgrow Macau thanks to Chinese tourists, liberal benefits to players and integrated resorts on the drawing board.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Muhammad Cohen 