Inside Asian Gaming

IAG NOV 2019年11月 亞博匯 28 Singapore's Marina Bay Sands and Resorts World Sentosa are each about to embark on US$3.3 billion expansions. 新加坡的濱海灣金沙集團和聖淘沙名勝世界都將分別投資33億美元進行擴張。 2019 POWER 50 Macau partner, Australia’s Crown Resorts; Suncity Group becoming majority shareholder in Russian IR operator Summit Ascent Holdings; an alliance led by Pansy Ho forming a majority stake in SJM Holdings parent STDM; and Singapore granting Marina Bay Sands and Resorts World Sentosa permission to embark on major expansion initiatives. DYNAMIC The Power 50 list is not a place for people to rest on their laurels. While there are some points awarded for company longevity and/or executive tenure, the list predominantly focuses on the activities of the prior 12 months. It’s all about “what are you doing now?” and “what have you done lately?” not “what have you done in the last 15 years?” As such the Power 50 list is very dynamic as people move up, and down, and on, for a multitude of reasons. A phenomenon that repeatedly presents during the making of the list each year is the “My business has grown therefore I should move up the list” fallacy. The truth is all boats lift in a rising tide. As a general rule, the majority of people on the list are managing businesses that grow each year, and just to maintain a spot on the list requires annual growth. Someone doing the same thing year after year and achieving similar results will slowly slip down the list as the years roll by. DILEMMAS Although we have become quite adept at putting this list together, the task seems to get more complex each year as the Asian gaming industry matures and becomes more nuanced. How on earth does one compare the sole owner of a smaller property to the brand new “hired help” COO of a much larger