Category: Hong Kong On Air

  • India failure threatens freedom globally

    The decline of democracy in India highlights challenges freedom faces around the world and how malevolent forces exploit them. To Kill a Democracy by acclaimed journalist Debasish Roy Chowdhury and renowned political scientist John Keane combines reporting from deep within the Indian polity and academic rigor to portray the issues tearing at the social fabric of the world’s largest democracy. (Full disclosure, Chowdhury and I have worked together intermittently since the mid-2000s.) Indian Prime Minister Narendra Modi’s Hindu sectarianism runs counter to democratic tenets such as equal treatment under the law, but the authors note that many of his opponents embrace similarly toxic tactics.

    Subtitled “India’s passage to despotism,” the book holds that democracy extends beyond electoral processes and rights guarantees. “To the man in the street, democracy doesn’t exist, and he knows the situation isn’t right,” Chowdhury explained during the online launch of To Kill a Democracy. “He knows it in the daily struggle and choices he has to make between his budget and his family’s needs, in the frantic phone calls from his wife if their daughter is 10 minutes late coming home. This could not be the kind of life that the patriots who founded the country meant for him to be living 74 years after India’s independence.”

    The authors argue that providing a decent standard of living underpins democracy, and India’s failure on this point has planted the seeds for alternatives. As in so many other fields, technology and Covid have accelerated preexisting trends. Although economic desperation is far less severe in developed countries, similar alienation drives the success of other would be despots. People feel that politics dominated by an elite no longer responds to what matters most to them. Chowdhury and Keane note the irony that those impulses are most often exploited by the rich and powerful, seeking to enhance their own positions.

    It’s not a pretty picture, but it’s an important one to understand and address. For nuclear armed India, and its 1.4 billion people plus the world at large, the alternatives are terrifying.

    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.

  • Measuring Macau’s loudest jingling

    Lawrence Ho’s Melco Group operates City of Dreams Macau and gets high marks for recent non-gaming initiatives.

    Macau casinos’ second quarter results, still below 40% of pre-pandemic levels, just show whose pockets are jingling loudest. What really matters in Macau won’t be found in earnings reports, due to factors that will to outlast Covid-19.

    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.

  • Las Vegas Sands, Genting avert Strip rematch

    Genting Group opened Resorts World Las Vegas on the Strip in June amid a strong rebound in Sin City. (Photo courtesy of Paul Steelman.)

    Las Vegas Sands and Genting looked set to extend their Singapore competition to the Vegas Strip. But three months ahead of Genting opening US$4.3 billion Resorts World Las Vegas in June, LVS announced a deal selling its Las Vegas resorts and convention center to focus on Asia .

    This pair of casino giants, whose Singapore properties Marina Bay Sands and Resorts Wold Sentosa rank among the most lucrative integrated resorts on earth, could square off elsewhere. Asia is an obvious pick, though given the paucity of new opportunities in the region, it’s just as likely LVS and Genting could open a new chapter of their rivalry in New York or Texas.

    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.

    In March, Las Vegas Sands announced sale of its flagship Venetian complex to focus on Asia. (Company provided photo)

  • Bank of Bangladesh money trail crosses Macau

    The US$101 million theft from the Bank of Bangladesh account at the US Federal Reserve Bank of New York saw a majority of the funds sent the Philippines, much of it laundered via Manila gambling tables. A new BBC World Service podcast, The Lazarus Heist, looks at the theft in the broader context of North Korea hacking and other criminal activities. It’s a thoroughly compelling yarn.

    Podcast producers reached out to me to help them understand the casino business in Asia. Some of my comments about Macau are featured in the ninth installment of the series, which begins in earnest around the seven minute mark, with my remarks beginning after 14:30.

    I’m delighted to say that fellow CNN alumnus Mike Chinoy is also featured in the same podcast episode, sharing his insights into North Korea. During my 1991-1995 tenure in the CNN newsroom, amid the William Kennedy Smith (Blue Dot) rape trial and the OJ Simpson murder trial, Chinoy’s unflinchingly honest reporting from Beijing and North Korea – along with Christiane Amanpour’s life saving work in Bosnia – made us proud to be associated with the network.

    Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for iGaming Business, 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.

  • Melco hides Stanley Ho ties in plain sight


    Melco used “Stanley Ho’s strong and enduring links with Macau and its business community” to secure the land for its flagship City of Dreams resort in Cotai.

    Australia Broadcasting Corp’s Four Corners investigation of Crown Sydney skewers James Packer and former New South Wales Premier Barry O’Farrell. It touches on links between Melco and Stanley Ho that the Hong Kong and New York listed casino operator has managed to hide in plain sight for 15 years. Melco’s culture of denial enabled its futile bid to acquire Crown that lost US$235 million while awarding a US$19 million bonus to the doomed deal’s architect, Melco chairman Lawrence Ho.

    Former US diplomat and broadcast news producer Muhammad Cohen is a columnist for iGaming Business, 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.