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Macau Casino revenues rose in the first three months of 2009

Is Asia's land gambling drought easing? A report from Bloombergs news service this week suggests that it may be. Macau’s casino revenue rose in the first three months of 2009, signaling recovery from a slowdown triggered by the global recession and visa controls imposed on mainland Chinese visitors.
Quarter 1 2009 casino revenue rose 8.1 percent to 26 billion patacas ($3.2 billion) when compared to Q4 2008's 24.1 billion patacas, according to statistics on the Macau Gaming Inspection and Co-ordination Bureau Web site. Revenue fell 13 percent from Q1 2008, when the casinos hauled in a record 29.8 billion patacas.
Macau operators have been hurt by the global recession and visa controls imposed by the Chinese government seeking to limit gambling by mainland citizens. Casino revenue in the former Portuguese colony declined for three straight quarters through December.
Las Vegas Sands Corp., the casino operator that halted construction on its projects in Macau in November, said this month it may resume building this calendar year on optimism casino revenue is picking up.
Government officials from Guangdong, Macau and Hong Kong met in February to discuss easing visa controls.

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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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