More Chinese New Year visitors, still less Macau casino revenue

In February, casino revenue fell in Macau for the 21st consecutive month from the previous year, even though visitor arrivals rose during the Chinese New Year holiday period.

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.

Studio City takes Macau in new directions

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 bubble has burst: Wells Fargo

Many believe Macau posts stunning revenue numbers because Chinese love to gamble or want to get their money out of the mainland. But Wells Fargo Securities suggests a bubble fueled Macau’s meteoric growth and its deflation is behind Macau’s current 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.

Macau casino shares rally after June revenue falls

The 3.7 percent fall in Macau’s June casino revenue seems to have investors believing the world’s casino capital has hit bottom as share prices rally. That sentiment may prove wrong.

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 stocks: expect a wild ride

Wells Fargo Securities analyst Cameron McKnight forecasts a “choppy” year ahead for Macau casino stocks. But for true believers, sharp drops represent buying opportunities.

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.