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Macau Casino Earnings Keep Going Up
Posted 3/1/11 : Mainland Chinese visitors push revenue to a record high.
Government statistics released this week show Macau's February gambling revenue leapt 48 percent year-on-year and 33 percent over January 2011, driven mainly by mainland Chinese visitors
Macau's Gaming Inspection and Coordination Bureau reports that February's gambling revenue increased to MOP19.86 billion ($2.47 billion) from MOP13.45 billion this time last year. February's revenue has surpassed the last monthly record of MOP18.88 billion reached in December 2010.
Dow Jones reveals that revenue amongst Macau's six casino license-holders broke down to Stanley Ho's SJM Holdings leading the market with a 32 percent share, Sands China Ltd following with 18 percent, Melco Crown Entertainment and Wynn Macau Ltd with 15 percent each, MGM Macau with 11 percent of the market and Galaxy Entertainment Ltd holding 9 percent, 4 percent down from last month.
Gary Pinge, regional head of Gaming and Consumer at Macquarie Securities in Hong Kong told Reuters that the figures were a surprise as over the past four years, February has generally been 5-10 percent weaker than in January, because of the timing of the Lunar New Year holiday.
"February looks all the more impressive given the fact that there were three (10 percent) fewer days and one less weekend than in January. If this is a trend for the rest of the year, Macau could continue to see strong growth, month on month," he said.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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