Philippine billionaire Razon exits Korea’s Jeju

The sale of Jeju Sun by Philippine billionaire Enrique Razon Jr’s Bloomberry Resorts to junket promoter Iao Kun reflects changed expectations for Korea’s gaming market and for Macau.

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.