Inside Asian Gaming

IAG NOV 2022年11月 亞博匯 36 2022 POWER 50 CHANGE IS PERENNIAL The Power 50 list is not a place for people to rest on their laurels. While company longevity and/or executive tenure is a small factor, 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, with people moving up, and down, and on, for a multitude of reasons. A persistent phenomenon 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 everyone lifts in a rising tide. COVID aside, most 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 zero-growth results will slowly slip down the list as the years roll by. The glaring exception to this ongoing growth paradigm has been Macau, and this is reflected in the list. Many Macau leaders have fallen down the list, with the average Macau power score (see explanation overleaf) being perhaps half of what it was in 2019. Macau’s only saving grace was that pre-COVID there was an enormous gap between Macau and “the rest”. But that gap has shrunk substantially, and even vanishes when Macau goes into complete lockdown.