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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.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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