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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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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.
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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 -
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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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