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March 2016 Macau Gambling Revenue
Friday April 1,2016 : MACAU GAMBLING REVENUE TUMBLES AGAIN IN MARCH
Revenue slump continues with 16.3 percent drop.
Official March 2016 figures from Macau’s Gaming Inspection and Coordination Bureau, show continued decline in revenues which were down 16.3 percent at 18 billion patacas ($2.3 billion), marking 22 consecutive months of decreasing revenues.
The Reuters news agency reports that visits by big-spending high-rollers became even more infrequent during March, and the adverse conditions generated by the Chinese central government clampdowns prevailed..
Analysts said volatility remains high in the VIP sector due to the government campaign as well as tighter regulations in Macau, with some predicting that revenue in Macau is likely to decline 0-10 percent in 2016.
The Bloomberg business news agency reported that the March decline was greater than predicted by analysts, and noted that around $46 billion of market value was wiped out last year from the city’s six gambling houses, although most of their shares have rebounded so far this year.
However, one analyst cautioned that the resurgence could be short-lived, pointing out:
“The recent share rally is based on its low valuation, it isn’t driven by business performance.”
Macau gaming revenue in the first quarter of 2016 has dropped 13.3 percent to 56 billion patacas.
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GAN Partners with Station Casinos -
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DFS Changes for Ohio -
#dfs Coley says that at present DFS is an example of the "pools for profit" concept, the rules for which the state Attorney General has opined are unclear in relation to DFS.
New Jersey Teams Up With Kahnawake Gaming Commission -
The New Jersey Division of Gaming Enforcement and the Kahnawake Gaming Commission have agreed to collaborate in preventing unlicensed online operators from accepting bets from New Jersey and other U.S. states through the Continent 8 data centre situated on tribal land, according to reports Tuesday from the Associated Press news agency.
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Clubís application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
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