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Macau October 2011 Revenue
Thursday, November 3, 2011 : Macau casino gambling revenue rose to a new record in October, propelled by an increase in mainland visitors during China’s Golden Week national holidays.
Revenue rose 42 percent to 26.9 billion patacas ($3.4 billion), the city’s Gaming Inspection and Coordination Bureau advised in a statement, reboundng from September’s 39 percent, the slowest in eight months.
Visitor numbers to the gambling island rose 13 percent from a year earlier during China’s Golden Week holiday starting Octber 1, according to the city’s tourism bureau.
One analyst commented: "The October revenue figure of $3.4 billion is more than half of what Las Vegas is expected to make for the whole of 2011."
The former Portuguese colony, an hour from Hong Kong by ferry, is the only place in China in which casino gambling is legal, helping revenue there exceed that of neon rival Las Vegas fivefold in a sustained improvement that has shrugged off global economic crises so far. The tiny enclave sees monthly visitor inflows of close to 3 million.
Despite strong third-quarter earnings, shares of the multi-billion-dollar gaming companies operating in the enclave have been volatile, with investors worrying about slowing growth next year.
Casino executives have said they do not expect growth to stay at 40-50 percent indefinitely, but that fundamentals of the lucrative industry remain solid because of factors including still untapped Chinese demand, an appreciating renminbi, and rising wages across the country.
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.
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 Microgaming’s 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 Sunday’s 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 –115.
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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