Archive for October, 2015

Genting’s Lim looks to US for growth

October 29, 2015

Malaysia’s Genting Group has built the only global casino brand under executive chairman and CEO Lim Kok Thay. But with revenue still heavily skewed toward Malaysia and Singapore Genting looks at the US for growth, expanding into Las Vegas with its sights on New York and Florida.

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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Future arrives early for Macau

October 27, 2015

Investment bank Sanford Bernstein says the mass market is Macau’s future but VIP revenue has collapsed before the global casino capital is ready for the switch.

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 analysts differ after Golden Week gains

October 20, 2015

Macau casino revenue for the early October Golden Week exceeded expectations, but analysts disagree on whether that signals an end to 16 consecutive months of declines.

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 Billionaire Okada Crafts Philippine Casino Comeback

October 18, 2015

Pachinko king Kazuo Okada’s $2 billion Philippine casino dream looked like a nightmare. But the Japanese billionaire’s Manila Bay Resorts is now on track to open next year as the largest property in the Entertainment City casino district.

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 leads gaming’s Asia Top 50, but new names on list prosper elsewhere

October 10, 2015

Despite the yearlong slump in the world’s gaming capital, Macau still dominates Inside Asian Gaming’s Asian Top 50 at the front end, with eight out of the first nine and 11 of the first 13 names on the 2015 list. But all five of the list’s newcomers are making their bones beyond 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.

Macau bubble has burst: Wells Fargo

October 9, 2015

Many believe Macau posts stunning revenue numbers because Chinese love to gamble or want to get their money out of the mainland. But Wells Fargo Securities suggests a bubble fueled Macau’s meteoric growth and its deflation is behind Macau’s current woes.

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 casinos hit five year low, junkets teeter

October 5, 2015

In September Macau revenue plunged 33% to a five year low as new gloom enveloped the VIP sector.

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.

Race for new Korea casinos heats up

October 4, 2015

The government has sharpened the competition in Korea’s casino license contest that attracted 34 contenders for two licenses in round one. In the final leg, anyone can apply for any of the nine potential resorts sites, minimum investment 1 trillion Korean won (US$850 million).

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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