Macau falls for 26th straight month

After Macau’s casino revenue fell for a 26th consecutive month, the global casino capital is seeing resorts worth more than US$7 billion opening within three weeks. Is it lack of US$250 hotel rooms and opulent gambling venues in Cotai that’s holding back Macau?

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming 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: Chinese tourists, Cotai resorts, Forbes.com, Galaxy Macau, Hong Kong On Air, Las Vegas Sands, Macau casinos, Macau diversification, Melco Crown, Parisian Macao, Sheldon Adelson, Steve Wynn, Studio City Macau, Wynn Palace, Wynn Resorts