Posts Tagged ‘Forbes Asia’

Raffles Extends Galaxy Macau Winning Streak

March 12, 2021
Raffles at Galaxy Macau, expected to open in the second half of this year as part of the resort’s Phase 3 expansion.

Forbes Asia coverage of Hong Kong’s Richest emphasized that non-gaming revenue helped boost Galaxy Entertainment Group in 2020 and that bodes well for the future of the Macau casino operator controlled by Lui Che Woo and family. This month, Galaxy announced its Phase 3 expansion will feature a Raffles Hotel, scheduled to open in the second half of this year at its flagship Galaxy Macau.

“The Raffles brand and heritage is perfectly complementary to our strategy of delivering greater, elevated experiences, and true to our ‘World Class, Asian Heart’ mantra,” Galaxy vice chairman Francis Lui, who runs the business on behalf of father, says. Galaxy has been especially adept at landing Asian brands not yet present in the Hong Kong-Macau tourist area, starting with Okura and Banyan Tree in Galaxy Macau’s first phase.

The iconic Raffles brand in a spectacular architectural package fits Lui’s vision of making Galaxy Macau a travel destination with gaming, not just a casino. That vision coincides with Beijing’s goal to create a “world center for tourism and leisure” in Macau. With casino concessions due to expire next year, that convergence also bodes well for Galaxy’s future.

Former US diplomat and broadcast news producer Muhammad Cohen is 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.

Galaxy’s Francis Lui tops Asia Gaming 50

November 29, 2020

For the second straight year, Galaxy Entertainment Group Vice Chairman Francis Lui tops the Asian Gaming Power 50 list, compiled annually by Inside Asian Gaming magazine. As highlighted in this Forbes Asia profile of Lui, Galaxy has become Macau’s de facto local flag carrier in the gaming industry.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is editor at large for Inside Asian Gaming, a contributor to Forbes, 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.

NagaCorp maps new growth spurt

March 29, 2020

A quarter century after starting with casino on a barge, NagaWorld in Phnom Penh will add thousands of rooms and more in its Naga3 expansion, plus a new casino resort in Russia.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a editor at large for Inside Asian Gaming, contributor to Forbes, columnist/correpsondent 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.

Galaxy keeps reaching for the stars

February 21, 2019

Introduced to gaming as a safe choice to bankroll Las Vegas Sands in Macau, Galaxy Enetertainment Group runs the most successful casino in the world’s biggest gaming hub and hopes to expand internationally.

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.

Pachinko mogul seeks Japan casino in Korea

April 9, 2017

Sega Sammy Chairman Hajime Satomi is backing South Korea’s first integrated resort, opening this month, in hope of getting a casino license in Japan, which until recently seemed like an impossible dream.

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.

Saipan casino brings Macau to America

March 11, 2017

The tiny casino in a shopping mall on US Pacific island Saipan reports more high roller betting than Venetian Macao, using Macau tools and connections. But casino owner Imperial Pacific International is struggling to raise money to complete its beachfront hotel with a full-fledged casino.

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.

‘Barefoot Doctor’ turns Saipan casino billionaire

March 3, 2017

In a journey from China’s countryside to an American speck in the middle of the Pacific, Cui Lijie has become a billionaire as majority owner of US territory Saipan’s casino through Hong Kong listed Imperial Pacific International Holdings.

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.

‘Better world’ wins Macau mogul Lui’s jackpot

February 1, 2017

Endowed by Galaxy Entertainment Group’s chairman, the Lui Che Woo Prize pays US$2.6 million for “making the world a better place” in three categories.

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 moguls rise on Forbes Hong Kong Rich List

January 30, 2017

Kung hei fat choi! The year of the monkey saw Macau casino owners rise on the Forbes Hong Kong Rich List. They hope to keep crowing in the year of the rooster, the birth sign of Macau gambling’s godfather Stanley Ho, with two children and a wife on the rich list.

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.


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