Posts Tagged ‘SJM Holdings’

Stanley Ho’s Macau streak ran five decades

June 10, 2020

Inside Asian Gaming commemorates Stanley Ho, whose mastery of Macau spanned two centuries. Initially considered a bit player in the all-star cast that won Macau’s casino license in 1962, Ho passed away last month at age 98.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a editor at large for Inside Asian Gaming, contributor to Forbes, 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.

New Macau leader faces casino license expiry

September 27, 2019

Incoming Chief Executive Ho Iat Seng will preside over the expiration of Macau’s casino concessions in 2022. Beijing didn’t select Ho to rock the boat, good news for the current licensees that have invested billions to create the world’s largest casino hub. But they should be careful, not cocky.

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 March revenue falls, and investors love it

April 4, 2019

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.

Macau extends SJM, MGM casinos to June 2022

March 22, 2019

Macau has extended the casino concessions for SJM Holdings and MGM China to June 2022, aligning them with the expiration dates for Macau’s other four casino operators. What will happen in 2022 remains as unclear as ever.

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.

Stanley Ho family feud flares again

February 8, 2019

Billionaire Pansy Ho is again moving to take control of Macau casino operator SJM Holdings, the legacy of her father Stanley Ho’s casino monopoly. That puts Pansy Ho in direct conflict with her father’s fourth wife and SJM managing director Angela Leong.

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.

Wynn leaves company with his name on it

February 7, 2018

Wynn Resorts founder Steve Wynn decides the company would be better off without him. In the wake of sexual misconduct allegations, Wynn stepped down as chairman and CEO of the company with his name all over it.

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.

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.

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.

Investors demand more from Macau

June 5, 2014

Macau’s gaming revenue rose 9.3 percent year-on-year in May to more than $4 billion, the fifth highest monthly total ever. That news sparked a brutal selloff in Macau casino shares, as investors expected even better numbers. Some analysts insist sellers are missing Macau’s big picture.

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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