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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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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