Global casino leaders can still rediscover Japan

Japanese authorities have made creating integrated resorts a mountainous task. Photo credit: JNTO

Hopes of creating the next big thing in Asian gaming skyrocketed as Japan began moving toward casino legalization in 2013. That enthusiasm has dissipated over these past eight years for a variety of reasons, and the smart money now bets building integrated resorts in Japan for billions of dollars won’t pay off.

I’ve been part of the negative wave that’s swept the Japan casino contest, due to culminate in the national government licensing up to three IRs next year. I’ve suggested that Japan stop the IR process to rewrite the rules and that authorities only award one IR license among the three current contenders, hoping for more attractive candidates to emerge later.

Then in late September, Caesars Entertainment, the largest US casino operator, rejoined the Japan IR race as the proposed casino operator for Wakayama prefecture’s IR bid. That’s the best news for Japan’s IR supporters in years. Caesars created the themed IR concept with Caesars Palace 55 years ago, and Harrah’s, which bought Caesars in 2004 before Eldorado Resorts bought the combined company last year, invented the modern casino customer rewards program.

Caesars’ return to Japan – it dropped out the bidding at the time of the Eldorado purchase – is a reminder that Japan remains the world’s third largest economy, and it boasted rapidly growing international visitor arrivals pre-Covid. It’s also a reminder that defying conventional wisdom about Macau remade the global casino business two decades ago. Japan could have similar impact, despite what the smart money says.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes, a columnist/correspondent for Asia Times, 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.

Party over for Macau nightspot Club Cubic

Club Cubic at City of Dreams was a place to go bananas in Macau. Photo by Funky Bambi Lu

Sad to report that Macau’s Club Cubic closed permanently this month. Debuted downtown then relocated to Melco’s City of Dreams in Cotai nearly a decade ago, Club Cubic provided top shelf nightlife that remains scarce in Macau despite seemingly favorable conditions.

My account of Korean pop star Psy playing Cubic in 2012 recalls how the club and the town could step up for the right show. The article also highlights that Macau faced non-gaming entertainment challenges back then; Club Cubic’s closing underscores the lack of progress since.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, columnist/correspondent for Asia Times, 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 remain best bet in Asia

When Covid restrictions ease, Asian gaming destinations will feel the impact of Chinese government policies to curtail overseas gambling, with Macau likely to suffer least.

Despite investor fears triggered by new gaming law proposals, Macau’s casino sector remains the best bet in Asian gaming. China’s policies to stop overseas gambling by its citizens are real, and their impact will unfold as Covid travel restrictions recede. Destinations will feel the effects differently based on a variety of factors, including bilateral relations with Beijing.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, columnist/correspondent for Asia Times, 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.

Bali’s Ubud Writers Festival goes hybrid

Ubud Writers and Readers Festival founder and director Janet DeNeefe, shown here in 2019, says Covid has forced the festival to be “braver” and “think outside the box.” (Photo credit: Vifick Bolang)

With travelers entering Indonesia still requiring quarantine, Bali’s Ubud Writers and Readers Festival launched in hybrid form Thursday. With Covid easing in Bali, some events, running through October 17, are taking place live on the island, with some in Perth due to the difficulties traveling to and from key festival market Australia, some prerecorded and all available online and on demand, making content available globally. Festival founder and director Janet DeNeefe says the hybrid format presents new challenges after last year’s completely online event, but it doesn’t change the mission.

“We have a purpose,” DeNeefe says. “The writers and readers festival began after the first Bali bombings [of 2002]. It was an attempt to re-flower the community, to uplift the people, to boost the economy, to bring a bit of inspiration, create a platform for dialogue.

“That was how we began. And now more than ever we have to continue because this is what people need right now, some sort of event you can see. With the semi lock-down, there’s not a lot of action on the streets here. So, our job is to create the best face to face event as we can, given the situation. So we’ve become a hybrid festival.”

While it may be easier to get top writers to commit to a remote interview rather than spend hours traveling to appear in person, recruiting has become more difficult in some ways, DeNeefe says. “A good deal of the festival’s attraction is the sheer fact that it’s in Ubud, so you’re in this beautiful location with really warm, friendly, hospitable people, great food, great weather. We have so many wonderful aspects of Ubud that attract people, so suddenly when you’re online, you lose the very magic of the festival in a way.”

The 2021 Ubud Writers and Readers Festival welcomes live audiences after going completely online last year. (Photo credit: Anggara Mahendra)

A restaurant owner, chef and cookbook author before she began the literary festival – later adding a food festival – DeNeefe hopes to restore some magic by tapping into Bali’s innate creativity with an artisans market running during the festival’s two weekends. Many vendors are hospitality industry workers who’ve found new pursuits with Bali tourism largely halted for the past 18 months.

“It’s all a learning experience. Some of the aspects that we have learned about the online festival, we will take into this festival. We’re slowly morphing into a modern era,” DeNeefe says. “Of course it has its challenges, but it’s made us think outside the box and be a little bit braver perhaps as we’re venturing into a whole new territory.”

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, columnist/correspondent for Asia Times, 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.