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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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PokerLion Joins Microgaming Poker Network - PokerLion roars into life on the MPNís Indian Poker Network. Microgaming welcomes PokerLion to the MPNís growing Indian Poker Network.

Danske Spil Bingo Moves to Microgaming - The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.

Quickfire live on Strendus - Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.

$2 Million Added to partypoker Guarantees - Almost $2 Million Added to Guarantees During First Ever Super Sunday

Quickfire content live on BetatHome - Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.

Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

Fair Play Bets and QuickFire in Deal - Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.

Cavaliers Aim to Take Down Wizards on 2/22/18 - The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.

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