Posts Tagged ‘Australia casinos’

Melco hides Stanley Ho ties in plain sight

June 2, 2021


Melco used “Stanley Ho’s strong and enduring links with Macau and its business community” to secure the land for its flagship City of Dreams resort in Cotai.

Australia Broadcasting Corp’s Four Corners investigation of Crown Sydney skewers James Packer and former New South Wales Premier Barry O’Farrell. It touches on links between Melco and Stanley Ho that the Hong Kong and New York listed casino operator has managed to hide in plain sight for 15 years. Melco’s culture of denial enabled its futile bid to acquire Crown that lost US$235 million while awarding a US$19 million bonus to the doomed deal’s architect, Melco chairman Lawrence Ho.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for iGaming Business, 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.

Billionaire Baha Mar buyer Henry Cheng joins Forbes Hong Kong’s 50 Richest for 2018

January 21, 2018

Succeeding his late father Cheng Yu-tung at the head of the Chow Tai Fook/New World empire, Henry Cheng has expanded the family’s role in casinos beyond Macau into Vietnam, Australia and the Bahamas while becoming a billionaire in his own right.

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.

James Packer recovering from humbling year

January 3, 2018

Few billionaires had more humbling 2017 than Australia’s James Packer, controlling shareholder of Crown Resorts. But a scaled down, laser focused Packer and Crown are looking to defend their number position in Australia, rather than conquer the world.

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.

Wanted: Casinos for Australia tourist hub

April 14, 2017

Home to the Great Barrier Reef, vineyards and Outback expanses, Australia’s Queensland is looking for a casino developer, maybe two, after its first choice dropped out. Star Entertainment, investing US$3 billion in Queensland integrated resorts with its China-facing partners, thinks there’s no need for more players at the table.

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.

FU Day wisdom from Lonely Planet co-founder Tony Wheeler, odd coupled with Asian casinos

November 12, 2016

Happy Felix Unger Day, November 13. This year’s odd couple is Lonely Planet co-founder Tony Wheeler and Asian casinos.

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.

Crown arrests in China could aid Macau casinos

October 28, 2016

The ongoing drama of Crown Resorts executives arrested in China for allegedly violating rules against casino promotion are bad for Crown but may benefit Macau’s beleaguered junket promoters at the expense of other VIP destinations.

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.

Australia casinos shift China play

September 22, 2016

As VIP play recedes while Chinese visitor numbers boom, Australian casinos hope integrated resorts will keep Chinese playing with them.

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.

James Packer’s Crown hedges Macau bet

June 9, 2016

With billions on the table in Sydney and Las Vegas, Australia casino leader Crown Resorts sells down its interest in Melco Crown, the NASDAQ listed vehicle running casinos in Macau and Manila.

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.

Star reborn in Australian gaming

March 2, 2016

Australia’s number two casino operator, the former Echo Entertainment has been reborn as Star Entertainment, and its prospects are shining, Morgan Stanley believes.

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.

Brisbane picks a winner for riverfront casino

September 17, 2015

Australia’s number two gaming operator Echo Entertainment gets a vital win in Brisbane in its Queensland base over rival Crown Resorts.

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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