Besides being titans in the casino world, there’s something else that Sheldon Adelson, Stanley Ho, Lim Kok Thay and Steve Wynn have in common and this factor may lead to important regulatory repercussions for their business empires.
It baffles the mind that even the greatest companies in the world are not immune to the neglect of leadership succession planning. It isn’t so much where someone forgot to cross a ‘t’ or dot an ‘i’ but rather a topic that is usually disregarded because of the sensitivity of the subject. It is the proverbial elephant in the room, which if it isn’t raised by the incumbent leader or the company’s board, is a discourse that seldom sees the light of day.
It’s always the case that ‘the bigger they come, the harder they fall’. The bigger and more successful the company, the higher likelihood of it being helmed by a Type-A...
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.