Macau’s future is clear, except for when it begins

Even though government leaders and casino operators say mass market tourism and gaming is Macau’s future, VIP play continues to lead the global casino capital’s recovery.

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

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.

Macau casino revenue slump hits 24 months

Amid Chinese President Xi Jinping’s anti-corruption campaign and slowing economic growth on the mainland, Macau’s casino revenue fell for the 24th straight month in May.

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.

Future arrives early for Macau

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 bubble has burst: Wells Fargo

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.

‘New normal’ drops Macau March revenue 39%

Analysts say Macau has found a new normal that’s limiting gaming revenue. March registered the tenth consecutive monthly revenue decline, though some insiders see some signs of potential recovery.

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.