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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 :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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