Posts Tagged ‘Sands China’

Macau casinos rebound to ‘less bad’ in Q1

April 30, 2016

A rally in some casino share prices aside, Macau’s detailed first quarter revenue report provides a reality check for a market that’s “less bad” in the eyes of some analysts, but barely recovering.

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

March 15, 2016

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.

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.

Macau casino revenue lowest since 2010

January 6, 2016

A dismal 2015 ended with Macau casino revenue down 34.3% from 2014, with December marking the global gaming capital’s 19th consecutive month of year on year declines. Last year’s $28.9 billion in gaming revenue – still well over four times the casino win of the Vegas Strip – was Macau’s lowest since 2010.

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 goes French, 2016 hot for Manila, India

January 5, 2016

Sands China’s Parisian Macao being a big hit tops predictions for Asian gaming in 2016. A move up for Manila, Indians as a target market, Asian operators moving into Europe and Disney Shanghai as a travel disruptor are other stories to watch as this year unfolds.

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.

World first Planet J theme park landing in Macau

February 18, 2015

Coming soon to Sands Cotai Central: Planet J, a groundbreaking live-action-role-play theme park, combining physical and virtual challenges. It will supplement Macau’s family entertainment menu as the global gaming capital tries broaden its tourist appeal.

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.

Despite casino slump, Macau shopping not dropping

December 9, 2014

Las Vegas Sands subsidiary Sands China’s big bet on Macau retailing keeps paying off, even as casino revenue slumps. Rival gaming operators hope to catch up when the new wave of resorts begins opening next year, but they’ve got a long way to go.

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 casinos take record fall in October

November 7, 2014

With mainland China’s enduring anti-corruption drive spooking high rollers and mass market players facing a smoking ban in the same old casinos, Macau gaming revenue fell 23.2% in October from a year earlier, the largest drop on record. Third quarter casino company earnings held up, but gaming revenue appears heading its first down year since the industry was opened to competition in 2002.

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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