Macau casinos remain best bet in Asia
Muhammad Cohen

Macau casinos remain best bet in Asia<br>Muhammad Cohen

When Covid restrictions ease, Asian gaming destinations will feel the impact of Chinese government policies to curtail overseas gambling, with Macau likely to suffer least.

Despite investor fears triggered by new gaming law proposals, Macau’s casino sector remains the best bet in Asian gaming. China’s policies to stop overseas gambling by its citizens are real, and their impact will unfold as Covid travel restrictions recede. Destinations will feel the effects differently based on a variety of factors, including bilateral relations with Beijing.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

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Muhammad Cohen

Bali’s Ubud Writers Festival goes hybrid
Muhammad Cohen

Bali’s Ubud Writers Festival goes hybrid<br>Muhammad Cohen

Ubud Writers and Readers Festival founder and director Janet DeNeefe, shown here in 2019, says Covid has forced the festival to be “braver” and “think outside the box.” (Photo credit: Vifick Bolang)

With travelers entering Indonesia still requiring quarantine, Bali’s Ubud Writers and Readers Festival launched in hybrid form Thursday. With Covid easing in Bali, some events, running through October 17, are taking place live on the island, with some in Perth due to the difficulties traveling to and from key festival market Australia, some prerecorded and all available online and on demand, making content available globally. Festival founder and director Janet DeNeefe says the hybrid format presents new challenges after last year’s completely online event, but it doesn’t change the mission.

“We have a purpose,” DeNeefe says. “The writers and readers festival began after the first Bali bombings [of 2002]. It was an attempt to re-flower the community, to uplift the people, to boost the economy, to bring a bit of inspiration, create a platform for dialogue.

“That was how we began. And now more than ever we have to continue because this is what people need right now, some sort of event you can see. With the semi lock-down, there’s not a lot of action on the streets here. So, our job is to create the best face to face event as we can, given the situation. So we’ve become a hybrid festival.”

While it may be easier to get top writers to commit to a remote interview rather than spend hours traveling to appear in person, recruiting has become more difficult in some ways, DeNeefe says. “A good deal of the festival’s attraction is the sheer fact that it’s in Ubud, so you’re in this beautiful location with really warm, friendly, hospitable people, great food, great weather. We have so many wonderful aspects of Ubud that attract people, so suddenly when you’re online, you lose the very magic of the festival in a way.”

The 2021 Ubud Writers and Readers Festival welcomes live audiences after going completely online last year. (Photo credit: Anggara Mahendra)

A restaurant owner, chef and cookbook author before she began the literary festival – later adding a food festival – DeNeefe hopes to restore some magic by tapping into Bali’s innate creativity with an artisans market running during the festival’s two weekends. Many vendors are hospitality industry workers who’ve found new pursuits with Bali tourism largely halted for the past 18 months.

“It’s all a learning experience. Some of the aspects that we have learned about the online festival, we will take into this festival. We’re slowly morphing into a modern era,” DeNeefe says. “Of course it has its challenges, but it’s made us think outside the box and be a little bit braver perhaps as we’re venturing into a whole new territory.”

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

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Muhammad Cohen

Ex-Sands exec Weidner attacked in Japan role
Muhammad Cohen

Ex-Sands exec Weidner attacked in Japan role<br>Muhammad Cohen

Wakayama Palace stands tall in the prefecture bidding for a Japan casino license. (Photo courtesy Wakayama Prefecture Govt)

Former Las Vegas Sands president and COO William Weidner may be the most accomplished gaming executive still in the business. Weidner’s 14 years with LVS included building its Vegas Strip Venetian complex, gaining entry to Macau, developing Cotai as world’s most lucrative casino cluster, winning a license in Singapore and conceiving what’s become the world’s most admired integrated resort there. So Weidner provided instant credibility when he joined Canadian private equity investor Clairvest’s effort to win an integrated resort license in Wakayama Prefecture near Osaka.

Perhaps, then, it shouldn’t be surprising that Weidner came under attack via anonymous documents recounting legal settlements of US government charges against Las Vegas Sands during his tenure. The documents may aim to weaken Wakayama’s IR bid, but it’s equally likely they stem from a long running dispute involving Weidner’s Global Gaming Asset Management firm and Philippine billionaire Enrique Razon’s Bloomberry Resorts, or a Taiwan’s American Asian Entertainment’s US$12 billion lawsuit against LVS over termination of their Macau partnership, in which Weidner was a leading actor but is not a party to the litigation.

In any case, the attack is another ugly aspect of Japan’s casino legalization saga that has limited public support and gotten the cold shoulder from leading international casino companies and Japan’s largest cities and tourist destinations.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

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Muhammad Cohen

Mohegan Gaming takes the long view
Muhammad Cohen

Mohegan Gaming takes the long view<br>Muhammad Cohen

From its Connecticut base, Mohegan Gaming has expanded to Las Vegas and Korea. (Photo credit: Mohegan Gaming & Entertainment)

In its first quarter century, Native American casino operator Mohegan Gaming and Entertainment has expanded from its Connecticut base to Las Vegas and Asia. In an exclusive interview, MGE president and CEO Ray Pineault, the second Tribe member to lead its gaming arm, talks about those milestones and the Mohegan vision that looks 13 generations ahead.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a 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.

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Muhammad Cohen

New York City casino economics: 1>3
Muhammad Cohen

New York City casino economics: 1>3<br>Muhammad Cohen

A single New York City casino license may produce a gaming changing entertainment destination like Singapore’s Marina Bay Sands. (Photo credit: Marina Bay Sands)

A multibillion dollar casino complex in New York City would give the region a much needed economic jolt in the wake of Covid. But if New York State issues the three casino licenses permitted by law for the downstate metro area, New York City won’t get a showplace integrated resort worthy of the leading US market. A single license is New York’s best bet for tourism, business and jobs.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a 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.

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Muhammad Cohen

Macau casinos remain best bet in Asia
Muhammad Cohen

Macau casinos remain best bet in Asia<br>Muhammad Cohen

When Covid restrictions ease, Asian gaming destinations will feel the impact of Chinese government policies to curtail overseas gambling, with Macau likely to suffer least.

Despite investor fears triggered by new gaming law proposals, Macau’s casino sector remains the best bet in Asian gaming. China’s policies to stop overseas gambling by its citizens are real, and their impact will unfold as Covid travel restrictions recede. Destinations will feel the effects differently based on a variety of factors, including bilateral relations with Beijing.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

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Muhammad Cohen

Bali’s Ubud Writers Festival goes hybrid
Muhammad Cohen

Bali’s Ubud Writers Festival goes hybrid<br>Muhammad Cohen

Ubud Writers and Readers Festival founder and director Janet DeNeefe, shown here in 2019, says Covid has forced the festival to be “braver” and “think outside the box.” (Photo credit: Vifick Bolang)

With travelers entering Indonesia still requiring quarantine, Bali’s Ubud Writers and Readers Festival launched in hybrid form Thursday. With Covid easing in Bali, some events, running through October 17, are taking place live on the island, with some in Perth due to the difficulties traveling to and from key festival market Australia, some prerecorded and all available online and on demand, making content available globally. Festival founder and director Janet DeNeefe says the hybrid format presents new challenges after last year’s completely online event, but it doesn’t change the mission.

“We have a purpose,” DeNeefe says. “The writers and readers festival began after the first Bali bombings [of 2002]. It was an attempt to re-flower the community, to uplift the people, to boost the economy, to bring a bit of inspiration, create a platform for dialogue.

“That was how we began. And now more than ever we have to continue because this is what people need right now, some sort of event you can see. With the semi lock-down, there’s not a lot of action on the streets here. So, our job is to create the best face to face event as we can, given the situation. So we’ve become a hybrid festival.”

While it may be easier to get top writers to commit to a remote interview rather than spend hours traveling to appear in person, recruiting has become more difficult in some ways, DeNeefe says. “A good deal of the festival’s attraction is the sheer fact that it’s in Ubud, so you’re in this beautiful location with really warm, friendly, hospitable people, great food, great weather. We have so many wonderful aspects of Ubud that attract people, so suddenly when you’re online, you lose the very magic of the festival in a way.”

The 2021 Ubud Writers and Readers Festival welcomes live audiences after going completely online last year. (Photo credit: Anggara Mahendra)

A restaurant owner, chef and cookbook author before she began the literary festival – later adding a food festival – DeNeefe hopes to restore some magic by tapping into Bali’s innate creativity with an artisans market running during the festival’s two weekends. Many vendors are hospitality industry workers who’ve found new pursuits with Bali tourism largely halted for the past 18 months.

“It’s all a learning experience. Some of the aspects that we have learned about the online festival, we will take into this festival. We’re slowly morphing into a modern era,” DeNeefe says. “Of course it has its challenges, but it’s made us think outside the box and be a little bit braver perhaps as we’re venturing into a whole new territory.”

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

Continue reading →

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Muhammad Cohen

Ex-Sands exec Weidner attacked in Japan role
Muhammad Cohen

Ex-Sands exec Weidner attacked in Japan role<br>Muhammad Cohen

Wakayama Palace stands tall in the prefecture bidding for a Japan casino license. (Photo courtesy Wakayama Prefecture Govt)

Former Las Vegas Sands president and COO William Weidner may be the most accomplished gaming executive still in the business. Weidner’s 14 years with LVS included building its Vegas Strip Venetian complex, gaining entry to Macau, developing Cotai as world’s most lucrative casino cluster, winning a license in Singapore and conceiving what’s become the world’s most admired integrated resort there. So Weidner provided instant credibility when he joined Canadian private equity investor Clairvest’s effort to win an integrated resort license in Wakayama Prefecture near Osaka.

Perhaps, then, it shouldn’t be surprising that Weidner came under attack via anonymous documents recounting legal settlements of US government charges against Las Vegas Sands during his tenure. The documents may aim to weaken Wakayama’s IR bid, but it’s equally likely they stem from a long running dispute involving Weidner’s Global Gaming Asset Management firm and Philippine billionaire Enrique Razon’s Bloomberry Resorts, or a Taiwan’s American Asian Entertainment’s US$12 billion lawsuit against LVS over termination of their Macau partnership, in which Weidner was a leading actor but is not a party to the litigation.

In any case, the attack is another ugly aspect of Japan’s casino legalization saga that has limited public support and gotten the cold shoulder from leading international casino companies and Japan’s largest cities and tourist destinations.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a contributor to Forbes and Inside Asian Gaming, 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.

Continue reading →

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Muhammad Cohen

Mohegan Gaming takes the long view
Muhammad Cohen

Mohegan Gaming takes the long view<br>Muhammad Cohen

From its Connecticut base, Mohegan Gaming has expanded to Las Vegas and Korea. (Photo credit: Mohegan Gaming & Entertainment)

In its first quarter century, Native American casino operator Mohegan Gaming and Entertainment has expanded from its Connecticut base to Las Vegas and Asia. In an exclusive interview, MGE president and CEO Ray Pineault, the second Tribe member to lead its gaming arm, talks about those milestones and the Mohegan vision that looks 13 generations ahead.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a 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.

Continue reading →

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Muhammad Cohen

New York City casino economics: 1>3
Muhammad Cohen

New York City casino economics: 1>3<br>Muhammad Cohen

A single New York City casino license may produce a gaming changing entertainment destination like Singapore’s Marina Bay Sands. (Photo credit: Marina Bay Sands)

A multibillion dollar casino complex in New York City would give the region a much needed economic jolt in the wake of Covid. But if New York State issues the three casino licenses permitted by law for the downstate metro area, New York City won’t get a showplace integrated resort worthy of the leading US market. A single license is New York’s best bet for tourism, business and jobs.

Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for ICE 365, a 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.

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Muhammad Cohen

Books


ID, "url", true);?>">Hong Kong On Air
Hong Kong On Air
Insider view of TV news, love, betrayal, high finance, and cheap lingerie

ID, "url", true);?>">Red-Blooded Risk
Red-Blooded Risk
The Secret History of Wall Street

ID, "url", true);?>">Lonely Planet Indonesia
Lonely Planet Indonesia
Updated guide to the world's most intriguing archipelago

ID, "url", true);?>">The Poker Face of Wall Street
The Poker Face of Wall Street
Gambling for investors and investing for gamblers