Macau March revenue falls, and investors love it

Casino shares rallied in the US and Hong Kong after Macau reported gaming revenue fell 0.4% in March, beating expectations of a much worse showing. But the real story remains behind the numbers.

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.

VIP revival tests Macau mass hysteria

As high rollers return and new rules restrict smaller money movements, longstanding assumptions that Macau and Beijing prefer mass market gambling look more dubious.

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.

VIPs fuel Macau casino recovery

Macau casino revenue rose 26% in June, its biggest percentage increase since the city’s recovery began last August, to US$2.5 billion. Once again, high rollers led the rebound, even though the government wants to see more mass market tourism.

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.

Sands trial to air Macau’s dirty laundry

Ousted Sands China president Steve Jacobs wrongful termination suit against parent company Las Vegas Sands and its founder Sheldon Adelson in Las Vegas promises to be Macau’s trial of the century, putting casino companies there under unprecedented scrutiny.

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.

Lavish Louis XIII Plays On Despite Macau VIP Crash

Uber luxurious Louis XIII is vulnerable to Macau’s climate change accompanying Chinese President Xi Jinping’s crackdown on corruption. But the company insists its casino hotel, recently renamed The 13, boasting a fleet of 30 “bespoke” Rolls Royce Phantom limos and invitation only retail atelier will open this 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.

Macau hopes casino losing streak ends at 20

In January, Macau’s gaming revenue fell for the 20th straight month compared to a year earlier. But Chinese New Year and aberrantly low February 2015 revenue could mean that Macau revenue ends its losing streak this month. But one uptick doesn’t make a recovery.

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 government undermines Beijing on gaming rules: expert

Contrary to conventional wisdom, regulatory expert Gaming Compliance believes Macau authorities sometimes dilute Beijing’s gaming rules to help local economic mainstays.

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.