Inside Asian Gaming

IAG JAPAN NOV 2020 26 of industry legend Dr Stanley Ho; Melco Resorts’ sale of their short-lived 9.99% stake in former Macau partner Australia’s Crown Resorts; Suncity Group becoming majority shareholder in Russian IR operator Summit Ascent Holdings; and the retiring of long-term MGM China CEO Grant Bowie and resultant changes at the top of that company including Pansy Ho playing a more active role. 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 is a snapshot in time predominantly determined by a focus 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, Singapore’s IR operators, including Las Vegas Sands with its iconic Marina Bay Sands, are embarking on multi-billion dollar expansions. 象徴的なマリーナベイ・サンズを持つラスベガス・サンズなどのシンガポールのIR事業者は、数十億ドル規模の拡張に乗り出している。 2020 POWER 50 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 everyone lifts 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 and they get overtaken by more dynamic players. 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