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As Macau Casino Revenue Soars, Some Analysts Take A Reality Check

Macau shone brightly over the Chinese New Year holiday and throughout February, with its highest monthly gaming revenue in two years, with VIP play reportedly leading the way. (Photo credit: Anthony Kwan/Bloomberg) Boosted by the Chinese New Year holiday period...

/ March 6, 2017
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Fly me to the Moon? Why the world should be wary of Elon Musk’s space race

Want to fly to the moon? Well, now you won’t have to bother with all those years of rigorous astronaut training – all you need is a huge wad of cash. Elon Musk, technopreneur, has built a small spaceship called...

/ March 6, 2017
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From travel bans to alternative facts: the dangerous descent into irrationality

Donald Trump has signed a new executive order preventing citizens of six Muslim-majority countries from entering the US for the next 90 days. The decree covers Syria, Iran, Sudan, Somalia, Libya and Yemen, but it will not apply to visa...

/ March 6, 2017
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Journey To The New Macau Needs More Than Improved Transportation

The bridge linking Macau with Hong Kong and Zhuhai, possibly finished late this year, is part of a transportation infrastructure revolution remaking the way visitors reach to the global casino capital. But policy has to change along with the hardware....

/ February 27, 2017
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One Woman’s Journey From ‘Barefoot Doctor’ To Casino Billionaire

Cui Lijie has become a billionaire, thanks to Imperial Pacific International's casino in Saipan. (Photo credit: Muhammad Cohen) Cui Lijie has no official position with Imperial Pacific International Holdings, but everyone calls her Madame Chairlady. She deserves a title, since she...

/ February 24, 2017
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It’s our Solar System in miniature, but could TRAPPIST-1 host another Earth?

Scientists have discovered seven Earth-sized planets, so tightly packed around a dim star that a year there lasts less than two weeks. The number of planets and the radiation levels they receive from their star, TRAPPIST-1, make these worlds a...

/ February 24, 2017
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Billionaire Casino Owner Lawrence Ho Has The Opportunity Of A Lifetime

Billionaire Lawrence Ho, chairman and chief executive officer of Melco Crown Entertainment Ltd., in November 2016. (Photographer: Calvin Sit/Bloomberg) For Melco Crown Entertainment Chairman and CEO Lawrence Ho, the year of the rooster presents great opportunities and great dangers. He’s...

/ February 24, 2017
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How Vietnam Is Changing Its Gambling Rules To Win Foreign Investment

The Grand-Ho Tram Strip, Vietnam's first and largest casino resort, is a contender for the government's experiment to allow local players. (Photo credit: Asian Coast Development Limited) A year ago, the Asian gaming landscape appeared bleak. Macau was in the...

/ February 9, 2017
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NASA sent a twin to space to study nature versus nurture – and we’re starting to get results

NASA astronaut Scott Kelly recently spent one year in space, while his identical twin brother Mark (a former NASA astronaut himself) stayed on Earth. The mission was part of an important health experiment, looking at how being in space affects...

/ February 7, 2017
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Why Mass Market Remains A Better Bet Over VIP For Macau

Wynn Palace rode a wave of apparent VIP growth to a better than expected maiden quarter. (Photo credit: Isaac Lawrence/AFP/Getty Images) Kung hei fat choi/Gong xi fa cai. As the year of the rooster dawns, Macau reports its gaming revenue...

/ February 3, 2017
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Japan Casinos A Big Deal But Still Not A Done Deal

Pachinko parlors with old school machines using metal balls and new versions that mimic slot machines are part of Japan’s current gambling industry with estimated revenue surpassing Macau, even without legal casinos. Japanese legislators took a first step toward casino...

/ January 13, 2017
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Outlook For Macau Remains Rosy As Asia’s Gaming Hub Banks On Tourism

Evidence grows of a sustainable recovery for Macau’s casinos. But experts increasingly diverge on details of that recovery. (Photo credit: AP Photo/Kin Cheung) Macau ended 2016 with a fifth straight winning month. But the global casino capital’s gaming revenue finished...

/ January 9, 2017
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Asia’s Casinos In 2017 Won’t Just Be About China Anymore

MGM Cotai, scheduled to open in the second quarter, is expected to help drive Macau’s growth, but China’s crackdown on unauthorized outward money flows continues to reshape Asia’s casino business. (Photo Credit: Lam Yik Fei/Bloomberg) Happy new year. After largely...

/ January 1, 2017
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From India’s Rise To Macau’s Rebound: A Look Back At Asia’s Casinos In 2016

The openings of Parisian Macao in September and Wynn Palace three weeks earlier helped the world's casino capital stage a comeback after a slump of more than two years. (Photo credit: AP Photo/Kin Cheung) It’s time to check on my...

/ December 20, 2016
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How China Rescued — Then Ruined — The Caribbean’s Largest Resort Project

At the early 2011 groundbreaking for the yet-to-open largest resort in the Caribbean, Baha Mar Resorts CEO Sarkis Izmirlian stands between state-owned Export-Import Bank of China President Li Ruogu, left, and Bahama's Deputy Prime Minister Brent Symonette, before the two...

/ December 14, 2016
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Duterte Issues Arrest Order For Macau Junket Tycoon Jack Lam In Online Casino War

Even when Philippine President Rodrigo Duterte does the right thing, he may do it the wrong way. Busting illegal workers on a remote casino scheme has seemingly become a campaign against Macau junket promoter and longtime Philippine investor Jack Lam....

/ December 7, 2016
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Macau Casinos Surge To Double-Digit Growth In November

The opening of Wynn Palace (above) in August and Parisian Macao in September have coincided with Macau’s return to gaming revenue growth and improved its tourist appeal. (Photo credit: Isaac Lawrence/AFP/Getty Images) Gaming revenue in Macau rose 14.4% in November...

/ December 2, 2016
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Behind VIP Headlines, Macau Turnaround Takes New Directions

The openings of Parisian Macao in September and Wynn Palace ahead of it spurred high roller revenue growth as well as supporting the underlying trend toward broader based tourism that will drive sustainable growth in Macau. (Photo credit: AP Photo/Kin...

/ December 1, 2016
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American Casinos In Asia Roll Dice On Trump Presidency

The last Atlantic City casino bearing the Trump name, Trump Taj Mahal, closed for good on October 10. President-elect Donald Trump’s connections with U.S. casinos in Asia will likely cut both ways. (Photo credit: Jewel Samaad/AFP/Getty Images) Last week, Asian...

/ November 21, 2016
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Genting Singapore Exits South Korea Casino Project To Re-Focus On Japan

Resorts World Sentosa, Genting Singapore’s flagship integrated resort, has been hit by the same regional trends that have torpedoed Macau. Selling its share of a Jeju project will let it focus on Singapore and save capital for Japan. (Photo credit:...

/ November 17, 2016