Tim Shepherd

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http://www.fortunaworldwide.com/

Tim Shepherd is the Founder and Senior Partner of Fortuna. Tim is an experienced investor and advisor in hotels and resorts across Asia Pacific and has been based in Hong Kong for 26 years. Partners in Finance & Investment, Compliance and Strategy support Fortuna’s investments and advisory work around the region.

LATEST ARTICLES FROM AUTHOR

Vietnam

Small and local to be winning formula in 2022

Tim Shepherd - December 13, 2021

Vietnam

Tim Shepherd: Vietnam growth to gain momentum

Tim Shepherd - December 18, 2020

LATEST NEWS

China

China launches antitrust probe into Trip.com over alleged market abuse

Viviana Chan - January 14, 2026

China has launched an antitrust investigation into Trip.com, citing alleged abuse of market dominance, prompting a sharp fall in its Hong Kong-listed shares

Philippines

Okada Manila GGR fell 20% in 2025 on weak VIP play

Viviana Chan - January 14, 2026

Weak VIP performance dragged Okada Manila’s 2025 GGR down 20 percent yearly, despite steadier mass-market tables and slot revenue.

Philippines

PH lawmaker calls for amendments to Bank Secrecy Law to curb money laundering/fraud

Kelsey Wilhelm - January 14, 2026

A Philippine lawmaker is pushing for amendments to the nation’s Bank Secrecy Law to curb illegal activities by improved oversight.

Cambodia

Cambodia strengthens foreign residency regulations to enhance tourism and investment

Nelson Moura - January 14, 2026

The Cambodian Ministry of Interior has directed the General Department of Immigration (GDI) to tighten oversight of foreign nationals' residency in order to bolster national security and instill confidence among tourists and investors.

Vietnam

Vietnam Deputy PM calls for streamlined tourism measures to hit 25M target this year

Kelsey Wilhelm - January 14, 2026

Vietnam’s Deputy Prime Minister has called on authorities to streamline e-visa issuances and other procedures to meet the nation’s goal of 25 million international visitors this year.

Pacific Islands

Imperial Pacific majority shareholder Lijie Cui arrested by ICE in the United States

Kelsey Wilhelm - January 14, 2026

United States Immigration and Customs Enforcement (ICE) has arrested Imperial Pacific majority shareholder Lijie Cui for alleged immigration violations.

United States

IGT expands Andy Hendrickson’s role to Chief Product & Technology Officer

Kelsey Wilhelm - January 14, 2026

International Game Technology (IGT) has announced that executive Andy Hendrickson will see his role expanded at the group to Chief Product & Technology Officer (CPTO).

Macau

Melco announces April pay rise of 2% to 6.3% for eligible staff

Viviana Chan - January 14, 2026

Melco to implement April 2026 salary adjustment for non-management staff, raising pay by 2%–6.3% across Macau and Hong Kong operations.

Vietnam

Hoiana Resort & Golf second phase expansion to add 1,000 new five-star hotel rooms: Report

Nelson Moura - January 13, 2026

Hoiana Resort & Golf is adding 1,000 new five-star hotel rooms, a convention center and a second golf course as part of a $1 billion second phase.

Macau

Macau casinos receive $19.2M levy relief from foreign visitor play in 2024

Viviana Chan - January 13, 2026

Six Macau gaming concessionaires secured $19.2 million in levy relief in 2024 as part of measures to encourage foreign visitor play.

Macau

SJM moves to lower near-term maturities with $170.1M note tender

Viviana Chan - January 13, 2026

SJM trims near-term debt maturities after completing a $170.1 million tender for its outstanding 4.5% senior notes due 2026.

Macau

Wynn Macau to raise staff pay by up to 4.5%

Nelson Moura - January 13, 2026

Wynn Macau indicated it will raise salaries for most of its workforce by between 2 and 4.5 percent from March 1st, the third Macau operator to do so this year.

Macau

Galaxy announces salary increase for employees, effective April 1st

Kelsey Wilhelm - January 13, 2026

Macau gaming operator Galaxy Entertainment Group has announced a salary increase for eligible team members at Senior Manager grade or below effective from April 1st.

Macau

Slight drop in Suspicious Transaction Reports from Macau gaming operators in 2025

Kelsey Wilhelm - January 13, 2026

Macau saw a slight drop in the number of Suspicious Transaction Reports (STRs) from gaming operators in 2025 when compared to the previous year, totaling 3,603.

Macau

Macau gaming market concentrates further as top operators gain share: CLSA

Viviana Chan - January 12, 2026

Macau gaming concentration intensified in 4Q25, with top operators expanding GGR share as satellite closures and structural shifts favored large resorts.

South Korea

Publicly held Korean casino operator/institutions mandated to prove their worth by Minister

Kelsey Wilhelm - January 12, 2026

Korea's Trade Minister mandates public institutions, including casino operator Kangwon Land, prove their worth or risk closure.

Philippines

Philippine Presidential Palace dismisses “unsubstantiated statements” on possible presidential impeachment attempt

Kelsey Wilhelm - January 12, 2026

The Philippines’ Presidential Palace has dismissed “unsubstantiated statements” calling for the impeachment of the nation’s president Ferdinand Marcos Jr.

Australia