Posts Tagged ‘Forbes.com’

Baha Mar founder gambled and lost casino

March 13, 2017

Sarkis Izmirilian conceived an integrated resort on Cable Beach with then and future Bahamas Prime Minister Perry Christie in the early years of this century. When global credit froze in 2008, a deal with China saved US$3.5 billion Baha Mar but doomed Izmirlian, whose gamble on bankruptcy cost him his $850 million investment in the largest hospitality project in the Caribbean. Baha Mar is due to begin opening next month, under ownership of Hong Kong’s Chow Tai Fook Enterprises.

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.

Macau casinos soar on strong VIP play

March 10, 2017

Aided by Chinese New Year crowds, February was Macau casinos’ best month in two years. Despite the much-discussed pivot toward mass tourism, VIP play is again leading revenue growth, though some doubt the trend’s sustainability.

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.

Transportation changes alone won’t move Macau

March 5, 2017

Multi-billion dollar transportation improvements aren’t enough to reshape Macau. The casino capital needs policy changes, too, to shift direction.

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.

Vietnam moves toward casinos for all

February 28, 2017

To encourage investment and keep gambling spending at home, Vietnam opens the door to casinos for its citizens. Gaming industry experts say allowing the local population to play is the key to building casino resorts that have the size and scope to attract international visitors.

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.

Lawrence Ho puts it on the line in Macau

February 26, 2017

With gaming interests from the Mediterranean to Russia’s Far East to Manila in three listed vehicles and a big ticket opportunity in Japan, Melco Crown Chairman and CEO Lawrence Ho says he’s focused on Macau. His biggest challenges is making Melco Crown properties add up to the sum of their parts.

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 can crow as year of rooster dawns

February 7, 2017

Casino operators in Macau are seeing mass market and high roller revenue growing, making for a happy new year. But only one of those market segments is a good bet in the long run.

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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