Macau finishes on high note but 2016 a loser

Continuing its tourism driven turnaround, Macau’s casino revenue rose in December but fell for the year.

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.

Manchester United, Macau junket join Cambodia casino

Australia listed Donaco International spent $360 million to buy a Cambodia border casino in Poipet. Macau junket promoter Heng Sheng Group and Manchester United have joined the Star Vegas team to help make the investment pay. Poipet’s location, two hours from the ancient Buddhist Angkor Wat complex, is a key selling point for Chinese tourists.

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.

Sri Lanka casino tale highlights political risk

Investing in developing economies is risky enough. When the project involves an edgy product such as casinos, the hazards multiply. Add in a powerful clergy, and that’s how things went wrong for Australian billionaire James Packer’s Crown Resorts in Sri Lanka.

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.

Money from Asia fuels Las Vegas rebound

From betting on baccarat to backing resort projects, Asian money is leading the revival in Las Vegas. Top gaming consultant Steve Gallaway, a partner at Global Market Advisors, and author of Chopsticks and Gambling Desmond Lam give their views on Asia’s influence on Las Vegas.

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.

Rough September, worse October for Macau

Macau casino revenue took its worst tumble in five years in September. The outlook for October, traditionally one of the most lucrative months on the calendar due to China’s Golden Week holiday, is an even bigger fall.

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.