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Macau gambling revenue rises 18.6 percent in 2013
Thursday January 2,2014 : A GREAT YEAR FOR MACAU
Macau gambling revenue rises 18.6 percent to $45 billion in 2013
The gambling island of Macau off the Chinese mainland delivered another outstanding year of positive results for casino operators in 2013, with official numbers released Thursday showing that the industry earned 360.8 billion patacas (US$45 billion) in gambling revenue in 2013, 18.6 percent up on comparative numbers from 2012.
The Reuters news agency reports that Macau is a special administrative region of China which draws more than seven times the gambling revenue of rival casino destination Las Vegas, thanks to its proximity to wealthy Chinese punters.
Officials told the news organisation that better access to the island's facilities boosted revenue from China's growing middle class last year, offsetting a slowdown in the growth of VIP custom following a central government campaign to curb officials' conspicuous spending.
In December, revenue from the islands 36 land casinos grew 18.5 percent from a year earlier to 33.5 billion patacas (US$4.19 billion) thanks to a rise in holiday-season visitors.
The former Portuguese colony's casino market has thrived since the government ended a gambling monopoly a decade ago and let in foreign players such as Las Vegas Sands Corp. and Wynn Resorts Ltd, transforming the industry on the island with spectacular themed casinos and resorts along the Cotai Strip.
Foreign gambling giants are still pouring billions of dollars into new projects in anticipation of continued growth and wealth expansion in China.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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