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MACAU GDP UP 31.6 PERCENT

According to the Macau Statistics and Census Service, the vibrant Asian island economy registered significant gross domestic product (GDP) growth of 31.6 percent year-on-year for the first quarter of 2008, with the busy gambling industry making a substantial contribution.
 
Gross Gaming Revenues for the period soared by 61.8 percent in nominal terms compared with the same quarter in 2007, and total visitor spending increased by 4.3 percent.
 
Statistics from the Nevada-based Globalysis Ltd tell a similar success story for the gambling industry, reporting that despite the Special Administrative Region (SAR) government's decision to freeze the expansion of Macao's gaming industry (see previous InfoPowa report), Macau's GGR for year 2008 will still experience around 28.8 percent growth to US$ 13.5 billion.
 
"It now looks like Macau will bypass not only the Las Vegas Strip once again in terms of gaming revenue in 2008, but for the first time, also that of the entire metropolitan area of Las Vegas (Clark County)," said Jonathan Galaviz, partner at the Globalysis, adding that the continuous growth in Macau GGR is "....a reflection of the generally strong macro-economic environment that Macau finds itself within Asia."
 
Numbers released in 2006 made the gambling industry worldwide sit up and take notice when Macau gaming revenues were shown to have surpassed those of the Las Vegas Strip, and these soared a further 47 percent to US$ 10.6 billion U.S. dollars in 2007, outperforming U.S. commercial casinos, where revenues rose only 5.3 percent.
 
The construction of a number of mega casino-resort projects is underway currently in the city's Cotai district, reports the news publication CRI. This includes the Cotai Strip project launched by the Las Vegas Sands and the City of Dream built by Melco Crown Entertainment Ltd. Upon completion, Cotai alone will offer nearly 20 000 five-star hotel rooms, and 12 major casinos.



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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