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Macau 2010 - Gambling mecca starts the new year in an upbeat mood
1/5/10 - With 2010 barely days old, the Reuters news agency reports that shares of Macau land casino operators rose this week on reports that gambling revenues in the enclave in December 2009 rose 48 percent from a year earlier, signalling sustained growth in the world's largest gambling market.
Macau casino revenue rose 48 percent to 11 billion patacas ($1.42 billion) in December, compared with a year earlier, according to a report from Portuguese news agency Lusa.
The Macau unit of Las Vegas Sands rose as much as 4.72 percent to a near three-week high of HK$10.42, while Wynn Macau the Macau unit of Wynn Resorts advanced 3.56 percent to a three-week high of HK$9.89.
SJM Holdings, Macau gambling tycoon Stanley Ho's flagship firm, gained up to 5.7 percent to its highest level in more than two months at HK$4.63.
"The first half will be very strong; we should see momentum maintained," said Aaron Fischer, CLSA's head of Asian consumer and gaming.
"We believe the earnings will surprise significantly on the upside," Fischer added. "Revenue growth has been very strong for the last few months and these companies have been cutting costs a lot."
Fischer expects Macau gambling revenues to rise 17 percent in 2010, a significant improvement on 2009's overall 10 percent.
Fischer's top picks are Wynn Macau, which is slated to open a new Macau resort on April 1, and SJM, Macau's biggest casino operator by market share, thanks to the recent opening of its latest property, "Casino Oceanus."
Gambling News :
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
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