Angela Leong bets on Macau, Stanley Ho

Lisboeta in Cotai recreates highlights of casino mogul Stanley Ho’s salad days in1960s Macau. (Image provided by Lisboeta)

People go to Macau to see replicas of Venice, Paris and London. With Lisboeta, Angela Leong is betting tourists will come to see Macau, more specifically, the Macau of her late husband and casino kingpin Stanley Ho. The resort stakes her family’s claim as proud heirs to Ho’s gaming legacy.

Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large at ICE 365, a contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook, Twitter @MuhammadCohen and LinkedIn.

VIPs drive Macau to big May

Revived high roller revenue led Macau’s 24% casino revenue rise in May. But long term opportunities still lie in the mass market.

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 falls for 26th straight month

After Macau’s casino revenue fell for a 26th consecutive month, the global casino capital is seeing resorts worth more than US$7 billion opening within three weeks. Is it lack of US$250 hotel rooms and opulent gambling venues in Cotai that’s holding back Macau?

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.

Galaxy, rival casinos expand as Macau contracts

In the midst of a yearlong revenue, Galaxy Macau unveiled a $3 billion expansion to its Cotai resort last week. It’s the first of the $20 billion wave of new resorts aiming to refocus Macau on the mass market and non-gaming attractions.

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.

Galaxy creates new star in Macau

Since opening in May, Galaxy Macau resort has changed the game in the world’s largest gambling market. As I report in Asia Times, the resort has shuffled market shares, making parent company Galaxy Entertainment Group a heavyweight contender among Macau casino operators. Last week, Galaxy Macau opened a state of the art cineplex, highlighting the market savvy underpinning the resort’s success.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, financial crisis, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com.