Posts Tagged ‘Genting Group’

Genting bankruptcy charts new cruise course

August 30, 2022

Same ship, different brand. (Photo provided by Resorts World Cruises)

Covid coupled with massive ill-timed bets on the Asian cruise market led to bankruptcy for Genting Hong Kong, the company that began as Star Cruises. But for Genting chairman Lim Kok Thay and family that control the global gaming and leisure group, bankruptcy seems little more than a course correction.

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.

Las Vegas Sands, Genting avert Strip rematch

July 14, 2021

Genting Group opened Resorts World Las Vegas on the Strip in June amid a strong rebound in Sin City. (Photo courtesy of Paul Steelman.)

Las Vegas Sands and Genting looked set to extend their Singapore competition to the Vegas Strip. But three months ahead of Genting opening US$4.3 billion Resorts World Las Vegas in June, LVS announced a deal selling its Las Vegas resorts and convention center to focus on Asia .

This pair of casino giants, whose Singapore properties Marina Bay Sands and Resorts Wold Sentosa rank among the most lucrative integrated resorts on earth, could square off elsewhere. Asia is an obvious pick, though given the paucity of new opportunities in the region, it’s just as likely LVS and Genting could open a new chapter of their rivalry in New York or Texas.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, 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.

In March, Las Vegas Sands announced sale of its flagship Venetian complex to focus on Asia. (Company provided photo)

Genting brings Asian know-how to Vegas

May 15, 2020

Malaysian gaming giant Genting extends its global reach with Resorts World Las Vegas, combining Asian themes with Strip tradition. The $4.3 billion integrated resort, on the site of the legendary Stardust Hotel and putative Echelon project, is due to open next year.

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/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.

Philippines rebounds from fatal casino attack

July 18, 2018

After year’s deadly casino attack, Resorts World Manila and Philippine gaming are moving ahead strongly, driven by the Entertainment City casino cluster.

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.

Cambodia border casino hub extends ambitions

March 22, 2018

Poipet, the Cambodian border casino hub closest to Bangkok, caters to Thais. Australia listed Donaco International’s DNA Star Vegas, Poipet’s market leader, hopes to broaden the enclave’s appeal beyond the Thai 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.

Donaco, Joey Lim ready for big time

September 18, 2017

Under the direction of Joey Lim, first grandson of legendary Genting Group founder Lim Goh Tong, Australia listed Donaco International says it wants to play in Japan’s casino game, building on success with Chinese customers in Vietnam and Thai customers in Cambodia.

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.

Philippine gaming grows on shaky ground

June 6, 2017

With billions of new investment in Manila integrated resorts, Philippines casino revenue was the fastest growing in Asia last year and has kept up with the pace this year. But IGamiX Management & Consulting managing partner Ben Lee says Philippine growth rests on shaky foundations and may not last. (The interview took place and was posted before the Resorts World Manila attack.)

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.

New Vegas casino targets Asian Americans

November 11, 2016

From Chinese landscape murals in guestrooms to the tea sommelier, Lucky Dragon targets Asia American customers in the Las Vegas Strip’s first new casino since 2010.

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.

Revenue sagging, Asian casinos turn to Europe

September 8, 2016

Amid tough times at home Asian casino operators are looking at Europe to restore growth and diversify. Europe is a small, fragmented market compared with Asia, but the newcomers hope the integrated resort model can change the game.

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.

Razon’s new Manila casino rooted in past regime

May 28, 2016

As the Philippines prepares to inaugurate a new president, billionaire Enrique Razon Jr’s new Metro Manila casino aimed at local players, is based on approvals granted two regimes ago.

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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