Casino shares rallied in the US and Hong Kong after Macau reported gaming revenue fell 0.4% in March, beating expectations of a much worse showing. But the real story remains behind the numbers.
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: China economy, Forbes.com, Galaxy Entertainment Group, Galaxy Macau, Grand Lisboa Palace, Hong Kong On Air, Las Vegas Sands, Londoner Macau, Macau casinos, Macau high rollers, Macau tourism, Sands China, SJM Holdings