Along with falling revenue and billions invested in property expansion, license expiration threatens Macau casinos. In this game, authorities in Beijing and Macau hold all the cards.
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.
Tags: Forbes.com, Galaxy Entertainment, Hong Kong, Hong Kong On Air, Las Vegas Sands, Macau, Macau casino licenses, Macau casinos, Macau government, Melco Crown Entertainment, MGM China, MGM Resorts International, Sands China, Sheldon Adelson, SJM Holdings, Stanley Ho, Steve Wynn, Wynn Macau
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