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Land casino revenues on the offshore gambling centre of Macau fell 12.2 percent in the second quarter 2009 to MOP$25.62 billion, compared with Q2 2008, and were down 2.4 percent on Q1 of 2009, the island's Gaming Inspection and Coordination Bureau reported.
Analysts attributed the continued decline to visa restrictions introduced by the Chinese government and the global financial crisis.
Since the middle of 2008, Beijing has tightened restrictions on visits to Macau in an apparent attempt to stop civil servants from gambling and curb money laundering (see previous InfoPowa reports).
In the first half 2009 ended June 30, Macau's casino gambling revenue fell 12.5 percent to MOP$51.87 billion, from MOP$59.26 billion a year earlier.
The number of casino gambling tables rose to 4 390 at the end of June, from 3 998 at the end of March, the regulator said.
Since 2002 the regulator has issued six major casino licenses to operators that include former monopoly holder SJM Holdings owned by Dr. Stanley Ho, Las Vegas Sands Corp., Wynn Resorts Ltd., Melco Crown Entertainment Ltd., MGM Grand Paradise SA and Galaxy Entertainment Group Ltd.
Ontario extended its online gambling deadline -
02/06/2012 : It could be awhile yet before Canada's most populous province, Ontario, joins sisters British Columbia and Quebec in offering online gambling to its residents.
ESTIMATED WORTH OF SPANISH ONLINE GAMBLING MARKET? -
02/06/2012 : Jdigital, the newly launched Spanish Association of Digital Play has estimated that the Spanish online gambling market based on gross gaming revenue in 2011 has increased by 20 percent exceeding Euro 370 Million.
Conister Bank launches the IOM's first e-gaming banking product -
02/06/2012 : The Isle of Man-based Conister Bank has announced the launch of the Island’s first ever e-gaming dedicated banking product, created specifically for the Island’s e-gaming operators, with the approval of the local Gambling and Supervision Commission
Betfair has announced No More South African Gamblers -
02/06/2012 : International online gambling group Betfair has announced that it is to bow to court decisions in South Africa declaring online gambling illegal by cutting off South African online punters from February 14.
Dr. Love slot released to the Apple Store -
02/06/2012 : In an innovative move, NextGen Gaming, which recently merged with the NYX group, has released its popular Dr. Love slot to the Apple Store for mobile players to access direct.
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