Inside Asian Gaming

IAG NOV 2021年11月 亞博匯 100 26-50 CHAIRMAN Chow Tai Fook 主席 周大福企業有限公司 CLAIMS TO FAME 名成事跡 POWER SCORE 權能指數: 736 POSITION LAST YEAR 去年排名: 33 Inherited father Cheng Yu-tung’s 10% of SJM Holdings parent STDM Strategic partner of Australia’s Star Entertainment Group with a 4.99% stake Acquired Baha Mar, largest resort in the Caribbean, from Chinese state creditors • • • • • • 繼承父親鄭裕彤所持有的澳博控股母公司澳娛的約10%股權 澳洲星億娛樂集團的戰略合作夥伴，持有其4.99%股權 從中國國有金融機構手上購入加勒比海最大的度假村Baha Mar 34 HENRY CHENG 鄭家純 OF THE ASIAN GAMING POWER 50 ’s big achievers, Henry Cheng probably spends the least amount of time on gaming matters. But this merely reflects the size and diversity of his Chow Tai Fook and New World global footprint. That footprint has run into steep challenges in its varied gaming markets in recent years, not just from the pandemic, but also from legal and market issues — including over ownership of the Baha Mar integrated resort in the Bahamas, which Chow Tai Fook bought in 2016. Vietnamese government reluctance to more widely open its casino market to locals means the Hoiana casino resort – backed by Suncity, Cheng’s one-time takeover target – faces the twin obstacles of pandemic travel restrictions and Chinese government hostility to gambling tourism. In the Philippines, New World’s investment petered out in favor of a minority interest in International Entertainment Corp. Now, the same threat will weigh on Chow Tai Fook’s investment in the Queen’s Wharf integrated resort in Brisbane, Australia, whose VIP revenue-driven business model was hatched before Beijing promised active intervention against foreign casinos – never mind Australia’s new-found hostility to junkets. And yet, the very scale of Cheng’s domain, and the crossover of his empire’s luxury goods and services customer base, mean that his gaming operations will have the best chance to flourish in any environment. And of course, Cheng still has that nearly 10% chunk of STDM, and Chow Tai Fook CEO Patrick Tsang on the SJM board, keeping him in the Macau loop. 在所有「亞博匯50強」 的成功人士之中，鄭家純可能是當中花費最少時間 在博彩相關事宜的一位，可是這其實反映出他的周大福和新世界兩間公司 的環球規模和多元程度。 但他在多個博彩市場的佈局卻在近年遇上了很大的困難。這不只是由 於疫情，亦是出於法律及市場問題，當中包括周大福在2016年買下的位於 巴哈馬的Baha Mar度假村的擁有權。 另外，越南政府不太願意更大地向當地人開放娛樂場市場，更意味著 由太陽城這個鄭家純曾考慮過收購的企業所支持的會安南岸賭場度假村面 對著疫情下旅遊限制及中國政府對於博彩旅遊業不友善態度的雙重難處。 在菲律賓，新世界在國際娛樂公司的投資最後成為只擁有少數權益。 時至今日，同樣的威脅就出現在周大福於澳洲布里斯本投資的 Queen’s Wharf綜合度假村，其在中國打擊跨境賭博之前就確定了由貴賓 收益為驅動的商業模式——更不用提澳洲近期對於博彩中介人的敵意了。 可是鄭家純本身領域之廣泛、其王國的奢侈品及服務客源的互相交 集，意味著他的博彩業務將最有可能在任何環境中大放異彩。 當然，鄭家純還持有接近10%的澳娛股份，而周大福的行政總裁曾安 業就進入澳博董事會，這令到鄭家純依然對於澳門的賭業保持關心。