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Macau gambling companies Share Prices Drop 50 percent

Bloomberg study shows share values have dropped 50 percent from peak in 2014.
Shareholders in Macau gambling companies must be hoping that analysts have got it right in their assessments this week that the worst may be over in Macau, with share prices are starting to stabilise after a trying period when business fell off under the dual pressure of China's slowing economy and a crackdown on corruption.
Bloomberg business news analysts have calculated that casino shares in the island gambling haven have plunged 50 percent since their all-time peak in the heady days of January 2014. Back then monthly reports showed ever higher revenues as Macau overtook even Las Vegas in financial volumes.
On the run-up to that peak, casino stocks benefitted, almost doubling in 2013.
“Macau casino stocks have round-tripped, rallying in 2013 on accelerating growth and then reversing in 2014 and 2015 as revenue tumbled,” one analyst opined this week, noting that casino revenues have reached their lowest levels since 2011 at 21.5 billion patacas ($2.7 billion) in March 2015.
Analysts at BNP Paribas said that this indicated the worst is over and the market is stabilising, but noted that it may take a while before any significant upturn takes place.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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