Another Bet on Asia

The gambling capital of the world is no longer Las Vegas

The Macau is a peninsula about 60 kilometers from Hong Kong. It was once a Portuguese colony and is now a small southern Chinese enclave. Macau has 22 casinos, which generated total gambling revenues of $7.2 billion in 2006. In contrast, Las Vegas generated $6.6 billion. Its average daily take per table is around $18,000 -- better...

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  • We have grown in assets but compared to other large groups, we are only beginning. I don’t want to be the biggest; I want to set up a good organisation

    Some 30 years ago, Grandhi Mallikarjuna Rao used to cycle 25-30km a day in rural Andhra Pradesh collecting money for the rice, spices, jute or grains he had supplied. Rao was a mechanical engineer, the first graduate in his family living in a village not far from Vizag. Today, Rao oversees assets worth Rs15,000 crore in power, roads, and airports. Though Rao is extremely low profile, when you...

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  • Purchasers’ Power

    If we negotiate hard, a lot comes our way. Here is an example from the personal experience of the author

    Recently, I had to renew the insurance for my car. Till now, I renewed the policy with the same insurance company that originally issued the policy. The tariff structure ensured that even if you switched, you never gained and often ended up losing the ‘no claim’ bonus and perhaps even had...

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