Posts Tagged ‘Melco Crown’

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.

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Macau falls for 26th straight month

August 28, 2016

After Macau’s casino revenue fell for a 26th consecutive month, the global casino capital is seeing resorts worth more than US$7 billion opening within three weeks. Is it lack of US$250 hotel rooms and opulent gambling venues in Cotai that’s holding back Macau?

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.

MGM takeover stamps US casino reversal

June 15, 2016

New Jersey once ordered MGM to sell its half of Atlantic City’s Borgata over an “unsuitable Macau partner.” Now MGM taking full control of the best in market casino resort shows that US regulators have accepted Macau standards of probity, rather than lifting other jurisdictions to higher standards.

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.

James Packer’s Crown hedges Macau bet

June 9, 2016

With billions on the table in Sydney and Las Vegas, Australia casino leader Crown Resorts sells down its interest in Melco Crown, the NASDAQ listed vehicle running casinos in Macau and Manila.

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.

Bank heist bares Philippine money law flaws

April 16, 2016

Unauthorized transfers from Bank of Bangladesh sent US$81 million in illegal funds to Philippine banks and casinos, attracted by lax anti-money laundering laws.

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

February 28, 2016

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.

Only 8% of Macau’s Chinese visitors plan to return

February 26, 2016

Investment bank CLSA’s Chinese Tourists 2016 report says just 8% of Macau visitors plan to return, highlighting the gaming capital’s shortcomings attracting China’s burgeoning traveling class.

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 casino moguls lose big again

January 20, 2016

Forbes’ Hong Kong rich list for 2016 shows that Macau casino owners’ net worth fell billions due to the global gaming capital’s slump.

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 triggers Macau mass hysteria

January 14, 2016

The global gaming capital’s newest casino resort, Lawrence Ho’s Studio City aims to refocus Macau on the mass market with entertainment attractions and no VIP tables. So far, though, there’s limited evidence that Macau can attract visitors for amusements beyond gaming.

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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