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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 :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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