Category Archives: Macau
The number of wealthy families on Greater China has grown in 2017, but growth is dropping and might even be lower in 2018 caused by the trade war and declining economic growth, says Rupert Hoogewerf, chairman of the Hurun China Rich List according to Barrons in a new report released this week.
The debate is taking off on whether China would allow gambling on Hainan Island. Financial analyst Sara Hsu explains gambling would diversify the tourism industry on the island, but would also hurt the economy in nearby Macau. Two earlier efforts on Hainan were already aborted for political reasons.
Not only commodities like soybeans and caviar can be hit by tariffs in the ongoing trade war, China has many more potential targets, like the US casino’s in Macau, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, at Onlinepoker.net.
China has many tools to retaliate in the trade war against the US than only putting tariffs on commodities. The lucrative US casinos might a one, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, in Forbes.
International airlines, ignoring Taiwan is part of China, according to China, were the latest to get into hot water with their marketing. But China’s sensitivities are nothing new, say Tom Doctoroff and Shaun Rein to OZY. It makes sense to let your China marketing vet by some China veterans, says both.
Macau tries to stay relevant by opening six new multi-billion hotels this year alone. But business analyst Shaun Rein wonders whether that is the right strategy. Bigger is not always better, he tells the South China Morning Post.
Chinese consumers have different requirements from what most international companies are used to. Gambling hotspot Macau is a clear illustration, says branding expert Shaun Rein, where an imitation of Las Vegas fell flat, he tells in Forbes, although it is a must go for mainland tourists, they miss a lot of business.
Gambling in Macau is booming, despite a lack of table, China’s anti-corruption drive and a strict visa policy, learns WSJ’s wealth editor Wei Gu from Aaron Fisher of CLSA. Gambling in Macau is worth 40 billion US dollar and might overtake the whole of the US in the coming years.
Gambling enclave Macau faces some stagnation and looks with envy how its US counterpart Las Vegas is doing. Business analyst Ben Cavender tells the Macau Business Daily how Macau can follow in the footsteps of America’s iconic gambling city.