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May Macau Casino Revenues Doubled
6/2/10 - Casino gambling revenue in Macau, the Chinese offshore gambling destination, almost doubled last month, according to a report from the Bloomberg business news agency.
Gambling revenue for the city’s casinos in May 2010 rose to about 17 billion patacas (US$2.12 billion) from 8.8 billion patacas a year earlier, according to unidentified sources. The total for the five months through May rose to about 72 billion patacas from 43 billion patacas a year earlier.
Macau gambling revenue surged 57 percent in Q1/2010 to about 41 billion patacas as China’s economic growth accelerated to 11.9 percent, the fastest pace in almost three years.
“The strong growth for gaming revenue seems to come from more VIP versus mass” gambling, Huei Suen Ng, a Hong Kong-based analyst for CLSA Ltd., said in a note to clients. “The trend will favour casino operators who target VIP gamblers, or those who play at high-limit tables where bets can go up to as much as 2 million patacas per hand.”
The casino companies with “larger VIP exposure” are Wynn Macau Ltd., Melco Crown Entertainment Ltd., and Galaxy Entertainment Group Ltd., the CLSA analyst said.
CLSA analyists report that billionaire Stanley Ho’s SJM Holdings Ltd. has the highest market share among Macau casinos with 32 percent, followed by Sands China Ltd. with about 20 percent and Wynn Macau with 16 percent. Melco Crown had 14 percent, Galaxy had 11 percent and MGM Mirage had 7 percent.
Gambling News :
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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