Wagering on Myanmar, Phnom Penh style

    Published in: Latest Intelligence   Hello Myanmar! There’s nothing like the visit of a US president to a former pariah state to energize the Asian investment community. Scarcely a day goes by in Singapore, Hong Kong and other regional financial centers that heads of investment funds, and funds of funds aren’t meeting and asking each other “Have you been to Burma yet? and “Who did you see”?  One regional law firm says the country, now formally renamed Myanmar, is “like Vietnam 10 years ago, with multinationals lining up outside our doors” to try to understand how to tap the massive potential of the market: its large population, bountiful natural resources, strategic location and extensive coastline. So as multinationals from mining to margarine trip over themselves trying to take a stake, what’s happening in the casino industry?  Could Myanmar be the next Macau?     In short, probably not.  Among the key reasons: there are no...

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