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Macau gambling companies Share Prices Drop 50 percent

Wednesday April 8,2015 :  BACK TO THE PAST FOR MACAU GAMBLING
 
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.



Gambling News :

Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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