Category: Hong Kong On Air

  • Thailand pauses march toward casino resort legalization to get regulatory structure right

    Thailand’s headlong, haphazard effort to legalize casino resorts is off again. Prime Minister Paetongtarn Shinawatra’s government postponed submission of the so-called Entertainment Complex legislation on April 9, a day before lawmakers were due to begin debating the bill. No clarity yet on when the government will submit the bill.

    The government says it withdrew the legislation due to uncertainty amid US induced global economic chaos, days after an official suggested entertainment complexes could offset the impact of US higher tariffs.

    There’s speculation that public opposition to expanding gambling or political infighting was behind the withdrawal. Sources tell me that government officials realize Thailand must improve its regulatory framework to get leading casino companies to participate.

    “I think they have listened to the pros and experts and are making sure the Is are getting dotted and the Ts are getting crossed,” Bangkok based David Leppo of playexpat.com and CheckMate Mitigation says. “They have one shot at getting it right so the major players can actually open up and operate here in Thailand without risking any gaming licenses they currently have in other jurisdictions.”

    Leading gaming industry figures and many of Thailand’s top business groups are enthusiastic about creating integrated resorts in the kingdom. But throughout the casino legalization process, it’s been clear Thailand’s government has not done its homework to create a legal structure to support billions in integrated resort investment.

    This pause gives Thailand a chance fully realize its potential to create IRs to boost tourism and tax revenue. Thailand’s experience with cannabis legalization remains a sobering precedent.

    Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com; follow him on Facebook, LinkedIn, ex-Twitter @MuhammadCohen and now on Blue Sky @MuhammadCohen.bsky.social.

  • Macau mass conversion still in progress

    Casino operators must sell more than gaming in the post-Covid era. (Photo provided by Melco Resorts)

    Macau’s gross gaming revenue reached US$28.3 billion last year, 77.5% of the 2019 total. For China-facing casino operators, pivoting from a VIP junket reliant business model to mass market tourism remains a challenge amid tougher restrictions on money movements and decreased visitation from the PRC. Several leading minds in gaming have helpful suggestions.

    Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com; follow him on Facebook, LinkedIn, ex-Twitter @MuhammadCohen and now on Blue Sky @MuhammadCohen.bsky.social.

  • CNN insider pitches softball questions, answers

    When I learned my former CNN colleague and teammate Jim Barnett had written Playing Games at CNN about the pioneering news network’s Washington bureau softball team, I looked forward to indulging in that DC ritual of looking for my name in the index. Alas, the book spans the years 1998-2007, beginning three years after I left Washington for Hong Kong.

    The book recounts how the CNN CaNiNes brought disparate elements of CNN together and gave us something to share beyond the too often tragic stories we often covered – and the tragic ways we often covered them.

    I remember a moment in the newsroom circa 1992 when a news anchor lamented how interest in the network was bound to diminish with the end of the Cold War. “There’s no more Big Story for us,” the anchor sighed. I theatrically unfurled a twenty dollar bill from my wallet. “Financial news is boring,” the anchor clucked dismissively, en route to becoming a major player at CNN and, to this day, in the broader media universe. I was just a writer/third baseman, watching as CNBC came along and ate CNN’s lunch ratings-wise. In 1995, I joined CNBC Asia.

    The late 1990s and early 2000s were far more tumultuous times with the internet challenging established media across the board. As Barnett tells it, with the light touch, dogged conviction and impeccable control of a fine newsman, pitcher and team manager, the CaNiNes and their Metropolitan Media Softball League rivals reflected that turmoil and their struggles to cope with those seismic shifts that continue to this day, as well as providing players and fans a brief respite from them.

    Washington ritualists take note: Playing Games at CNN has no index.

    Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com; follow him on Facebook, ex-Twitter @MuhammadCohen and LinkedIn.

  • Ubud Writers Festival 2024 – Facebook turns the wisdom of the crowd into a mob: Maria Ressa

    At the Ubud Writers and Readers Festival in Bali, Nobel laureate Maria Ressa warns about the pernicious impact of “manipulated social media” on public discourse and civil society. “The wisdom of the crowd becomes a mob,” the co-founder, CEO and editor in chief of Philippine news platform Rappler.com says. Ressa questions whether good journalism still matters: “In a cacophony, in a Tower of Babel, does it really tip the scale?”

    Part of a festival panel on journalism, ethics and freedom of speech, Ressa places the blame on social media. “How did we get some polarized? The ‘family and friends’ algorithm.” The 2021 Nobel Peace Prize recipient says, “Family and friends don’t necessarily have the facts.”

    During the term of Philippine president Rodrigo Duterte that ended in June 2022, Rappler was repeatedly sued and Ressa harassed and threatened, leading her to wear a bulletproof vest and increase corporate and personal security.

    “We had Duterte, who collapsed our institutions in six months,” Ressa says. “But he had a six year term limit. The biggest dictator is Mark Zuckerberg.”

    “People go on and on about Rupert Murdoch. I say look at the new moguls,” London Times columnist and historian Sathnam Sanghera says.

    “It’s completely ruined the internet,” investigative reporter at Tortoise Paul Caruna Galizia, who briefly worked at Facebook in 2011, says. “Now people can’t go on the internet or Facebook and see what they want to see. The narrowing of the internet is wildly toxic.”

    “What tech has done is turn politics into a football game,” Sanghera says. With a right wing press, “All the money is going into one side of the equation.”

    Ressa, long time CNN correspondent and former head of the Philippines’ largest news network ABS-CBN, calls it “the shitification of the internet.” She says, “Big tech takes our weakest moment and sells it for profit.”

    Maria Ressa delivering her Nobel Prize lecture at the 2021 Nobel Peace Prize award ceremony. ©Nobel Prize Outreach. Photo: Jo Straube.

    To “get us out of the sewer,” Ressa proposes a three point plan: stop surveillance for profit to starve the algorithm beast; stop “tearing our shared reality apart” though personalization of news feeds that reinforces even the most misguided ideas; and journalism as an antidote to tyranny. “We need the novelist, we need the artist, but first we need the facts.”

    “Journalists are no longer the gatekeepers of information,” broadcast journalist Drew Ambrose, who moderated the panel, says. “We can’t even agree on what’s true.” Ambose’s current Al Jazeera series Flattening the Curve looks at the role of misinformation and disinformation int the response to Covid-19 and what it means for the next crisis.

    “There is room for optimism,” Galizia, following in the footsteps of his assassinated mother Daphne
    Caruna Galizia, says. “I’ve never understood why the platforms cannot be responsible for what’s on their platforms.” As for the argument that they’re too big to police themselves, he says, “No one asked them to become that big.”

    “Tech encourages the worst of our humanity,” Ressa, who cooperated with Faebook when Rappler rolled out, says. “Remember the goodness is there. It’s being buried by the thirst for profit.”

    To help the internet recapture its goodness, Ressa and colleagues have developed an iterative chat app using the open source Matrix Protocol. It’s running in the Philippines and will be rolled out to other markets including Brazil, South Africa and Indonesia. “An atomic bomb exploded and destroyed our information system,” Ressa says, and it’s up to all of us to rebuild it.

    Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com; follow him on Facebook, ex-Twitter @MuhammadCohen and LinkedIn.

  • Thailand makes unprecedented casino push

    Wat Arun Ratchawararam (Temple of Dawn) - Image by Wiroj Sidhisoradej on Freepik
    Wat Arun Ratchawararam (Temple of Dawn) – Image by Wiroj Sidhisoradej on Freepik

    Thailand’s drive to legalize casinos as part of large entertainment complexes strives to duplicate Singapore’s stunning Marina Bay Sands. But Thailand doesn’t seem ready to create the regulatory structure to support Singapore style integrated resorts. Perhaps it really has something different in mind.

    Former US diplomat and broadcast news producer Muhammad Cohen is Asia editor at large for iGaming Business, a longtime contributor to Forbes, columnist for Asia Times and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about TV news, love, betrayal, high finance, and cheap lingerie. See his biography, online archive and more at www.muhammadcohen.com; follow him on Facebook, ex-Twitter @MuhammadCohen and LinkedIn.