Macau casinos ace August, beating estimates

Following three disappointing months, Macau casinos post strong August revenue. Though investors remain cautious, the underlying growth story of Macau’s transition from VIP gambling hub to middle market tourist destination continues moving forward.

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.

Macau casinos ace August, beating estimates

Following three disappointing months, Macau casinos post strong August revenue. Though investors remain cautious, the underlying growth story of Macau’s transition from VIP gambling hub to middle market tourist destination continues moving forward.

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.