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
Investing in developing economies is risky enough. When the project involves an edgy product such as casinos, the hazards multiply. Add in a powerful clergy, and that’s how things went wrong for Australian billionaire James Packer’s Crown Resorts in Sri Lanka.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Recent openings of City of Dreams Manila and Solaire Resort and Casino’s Sky Tower have elevated the Philippine capital’s place in the Asian gaming pecking order. Full build out of the two resorts, plus the completion of two more $1 billion-plus casino properties in the coming years, aim to boost tourism and move the Philippines into the top echelon of gaming destinations in the region, and even the world.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Las Vegas Sands subsidiary Sands China’s big bet on Macau retailing keeps paying off, even as casino revenue slumps. Rival gaming operators hope to catch up when the new wave of resorts begins opening next year, but they’ve got a long way to go.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air
Las Vegas Sands subsidiary Sands China’s big bet on Macau retailing keeps paying off, even as casino revenue slumps. Rival gaming operators hope to catch up when the new wave of resorts begins opening next year, but they’ve got a long way to go.
Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air