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EDITORIAL<br />
Flick Flicked<br />
Chief Executive Officer<br />
Andrew W Scott<br />
Founder and Adviser<br />
Kareem Jalal<br />
Chief Operating Officer<br />
Michael Mariakis<br />
Chief Marketing Officer<br />
Derrick Tran<br />
Director<br />
João Costeira Varela<br />
Administrator<br />
Cynthia Cheang<br />
Administrative Assistant<br />
Suie Ng<br />
Editor at Large<br />
Muhammad Cohen<br />
Contributors<br />
Muhammad Cohen, Dennis Conrad, Paul Doocey,<br />
Kareem Jalal, I Nelson Rose, Andrew W Scott<br />
Graphic Designer<br />
Rui Gomes<br />
Photography<br />
Dave Aglosolos, Gary Wong, Ike,<br />
James Leong, Wong Kei Cheong<br />
Inside Asian Gaming<br />
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is part of<br />
Some of you many have heard of the infamous Voynich manuscript. Named after Wilfrid<br />
Voynich, a Polish book dealer who purchased it in the early 20th century, the Voynich<br />
manuscript has been radiocarbon dated to the early 15th century and has been described as<br />
the world’s most mysterious book. Why? Because no-one can read it. That’s right, hundreds<br />
of years of analysis by the world’s best code-breakers have yielded nothing but frustration, despite the<br />
book being neatly and clearly handwritten using distinct characters organized into well over 200 pages<br />
of orderly but coded words and paragraphs. The book’s secrets have remained hidden for centuries.<br />
The Voynich manuscript may be a book no-one can read, but right here in Macau we have a<br />
21st century equivalent – a movie no-one can watch! “What movie is that?” I hear you ask. It’s The<br />
Audition, the very movie that itself played a starring role during the opening of Macau Studio City<br />
in late October. Starring Robert De Niro, Leonardo DiCaprio, Martin Scorsese and Brad Pitt, and<br />
produced by Brett Ratner of RatPac Entertainment, the actors were reportedly paid US$13 million<br />
apiece for clocking on for a mere two days – nice work if you can get it.<br />
James Packer is the Co-Chairman of Melco Crown, the company that operates Studio City and<br />
owns 60% of it. In an interview with The Los Angeles Times on Studio City’s opening day, Packer<br />
described The Audition as “the best marketing campaign in the history of the world.” It ought to be,<br />
as the total budget for this 14-minute masterpiece has been widely reported as a whopping US$70<br />
million. It is noteworthy that Ratner and Packer are partners in RatPac Entertainment, and of course<br />
De Niro also owns the world-famous Nobu restaurant and hotel brand that can be found at Melco<br />
Crown’s City of Dreams Manila and Crown Melbourne – the latter of which Packer is the largest<br />
shareholder of. We’re certainly keeping things in the family here.<br />
From what I hear De Niro and his Hollywood buddies had the power to effectively block most<br />
distribution of the film outside China, including on Studio City’s website, if they weren’t happy with it.<br />
They weren’t. And they are not the only ones. Let me quote the one review I was able to find online:<br />
This is not too great of a movie. The actors and Scorsese all play themselves in slightly more<br />
over-the-top versions. The dialogs weren’t really that great and basically it is just what you could<br />
expect: a promo ad for a new casino. Wish this had better dialogs and more interesting action,<br />
but it’s not the case unfortunately and the actors also seem pretty hammy and over the top here.<br />
Not recommended.<br />
Without exception, every person I have spoken to who has had the privilege of seeing The<br />
Audition has described it in less than flattering terms. “Lame” is a word that has come up more than<br />
once. “Boring” is my description. I would not be surprised if De Niro, DiCaprio, Scorsese and Pitt<br />
want to see The Audition buried and forgotten like a Presidential Candidate’s compromising sex tape<br />
from the ’80s. The film is conspicuously absent from Studio City’s website. When we quizzed Studio<br />
City about the availability of the The Audition, we were told, “It is available in all the guest rooms.<br />
There no need to show it around the building as it is available online.” It is true that the movie is<br />
in the rooms at Studio City and also can be viewed in China online (such as on the Chinese video<br />
platform iQiyi) – but this is hardly the major worldwide distribution one would expect for a film from<br />
four members of Hollywood royalty.<br />
The Macau concessionaires have had a very chequered history with the marketing of their product.<br />
Let’s be honest, who needs marketing when your revenue grows from US$6 billion in 2005 to US$45<br />
billion in 2013 – an average year on year growth of 29% for eight consecutive years? Who could blame<br />
the concessionaires for being less-than-polished in the marketing department?<br />
But all that has changed now. The GGR contraction for 2014 was 3% year-on-year and for <strong>2015</strong><br />
we’ve experienced a dramatic 36% contraction year-on-year to date. Then factor in the massively<br />
increased stream of supply that has already begun to come online with Galaxy 2 and Studio City and<br />
will continue for several years to come with Wynn Palace, Parisian, MGM Cotai, Lisboa Palace and<br />
the uber-luxurious (and uber-hyped) Louis XIII. All of a sudden it’s going to be important to spend<br />
on marketing and spend big in this vastly more competitive environment. No company, not even the<br />
multi-billion dollar Studio City, can afford to waste US$70 million.<br />
The Audition is not absolutely worthless. Having DeNiro and company at the Studio City opening<br />
added serious A-list star power. But “the best marketing campaign in the history of the world”? US$70<br />
million worth? Absolutely not.<br />
4<br />
inside www.wgg9.com<br />
asian gaming <strong>December</strong> <strong>2015</strong><br />
Andrew W Scott<br />
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