Posts Tagged ‘Macau’

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.

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Cruise ships, casino resorts on collision course

March 17, 2016

Casino ships sailing to nowhere have been niche players for decades, but now international cruises lines are giving Asian leisure travelers new options with gaming just as Macau is eyeing that same burgeoning 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.

Macau hopes casino losing streak ends at 20

February 11, 2016

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 hits a new five year low in November

December 15, 2015

Despite the new Studio City casino resort, Macau gaming revenue fell to a five year low in November. The 32.2 percent plunge, the 18th straight monthly fall on a year-on-year basis, leaves observers wondering about Macau’s way out of its woes.

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.

Studio City takes Macau in new directions

November 29, 2015

Macau’s latest integrated resort has Batman, Bugs Bunny, Leonardo DiCaprio and Robert De Niro in Martin Scorsese’s movie about it, Asia’s highest figure-eight Ferris wheel and, most amazing, Studio City has no VIP gaming, a revolutionary change for the world’s casino capital.

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.

Macau casino slump runs to 17 months, Studio City rolls

November 7, 2015

The opening of US$3.2 billion Studio City didn’t reverse Macau’s 17 months of declining casino revenue. But the October numbers offer some subtle signs of a potential turnaround for the global gaming capital.

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.

China currency, equity turmoil adds to Macau’s woes

September 15, 2015

Tough times for the world’s gaming capital show little sign of abating. Macau’s casino revenue fell 35.5% in August, its fifteenth straight month of year on year decreases. That follows a 34.5% gaming revenue decline in July. China’s slowing economy and President Xi Jinping’s anti-corruption drive have driven Macau’s slump, but mainland stock market chaos and currency devaluation make recovery more difficult.

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.

License expiration looms for Macau casinos

September 8, 2015

Along with falling revenue and billions invested in property expansion, license expiration threatens Macau casinos. In this game, authorities in Beijing and Macau hold all the cards.

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.

Analysts differ on whether Macau hit bottom in June

July 31, 2015

Some think Macau’s June gaming revenue, its lowest since November 2010, signals a bottom, but others see more bad news ahead for the world’s casino capital.

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.

Macau government undermines Beijing on gaming rules: expert

June 22, 2015

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.


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