Macau misplays casino deals

Even in extremely challenging times, Macau got seven bidders for its six casino concessions. Unfortunately, authorities didn’t use their leverage wisely to clean up a glaring conflict of interest and remove an underpeforming licensee.

Promised casino operator non-gaming investment will be most effective if targeted toward comprehensive efforts among all stakeholders to boost Macau’s destination appeal. But absent a government mandate, don’t bet on that happening.

Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime 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.

Party over for Macau nightspot Club Cubic

Club Cubic at City of Dreams was a place to go bananas in Macau. Photo by Funky Bambi Lu

Sad to report that Macau’s Club Cubic closed permanently this month. Debuted downtown then relocated to Melco’s City of Dreams in Cotai nearly a decade ago, Club Cubic provided top shelf nightlife that remains scarce in Macau despite seemingly favorable conditions.

My account of Korean pop star Psy playing Cubic in 2012 recalls how the club and the town could step up for the right show. The article also highlights that Macau faced non-gaming entertainment challenges back then; Club Cubic’s closing underscores the lack of progress since.

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.