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July 2015 Macau Gambling Numbers Down Again

Monday August 3,2015 :  MACAU NUMBERS DOWN AGAIN IN JULY
 
But the decline appears to be easing a little as Chinese visa restrictions are loosened.
 
The latest numbers from Macau’s Gaming Inspection and Coordination Bureau show that the decline in gambling revenues continued in Macau during July, falling 34.5 percent on a year-on-year comparison basis to 18.6 billion patacas (US$2.3 billion) and hovering around five-year lows as wealthy Chinese punters continued to stay away.
 
Analysts pointed out that the decline was narrower than the 36 percent drop in June, commenting that the downward spiral of Macau’s casino industry appears to be showing slight signs of abating, possibly due to a loosening of Chinese via restrictions starting early July.
 
The industry’s decline has been less aggressive since February 2015, when revenue plunged by a record 48.6 percent, and analysts appear confident that the easing will continue for the rest of this year, although declines will continue.
 
Revenues have now been falling for the past 14 months, driven by a Chinese government crackdown on ostentatious behaviour and corruption, exacerbated by a slowing Chinese economy and visa restrictions. Despite this prolonged drop, Macau casinos still generate revenues over 5 times greater than Las Vegas.
 
Macau land casino shares have fallen between 10 percent and 28 percent this year, and last month Lionel Leong, secretary for Economy and Finance on the island, warned that the government would have to consider austerity measures should revenue drop below 18.35 billion patacas.
 
Official Macau numbers show that VIP gaming revenue fell to 55 percent in the second quarter from around 70 percent in the comparable period last year..
 
On a year-to-date basis, GGR has fallen 36.7 percent, and some analysts believe the full year 2015 numbers will show an overall decline of 30 percent. Better times are expected in 2016, most observers agree on present indications.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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