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Macau Casinos Keep Earning

There’s apparently no stopping the gambling boom in Macau, an island off the Chinese coast renowned for gambling entertainment. The latest statistics from the Macau Gaming Inspection and Coordination Bureau reveal that compared with June last year, 2010 June revenues are up 65 percent to 13.6 billion patacas ($1.69 billion).
 
However, compared to May 2010 numbers, June saw revenues ease by some 20 percent.
 
Industry observers attributed the easing in June to massive betting – especially in VIP wagering - on the football World Cup, a temporary situation that will cease to be a factor mid-July. They pointed out that August is traditionally the summer travel season which should see a return to normal business levels in Macau.
 
Deutsche Bank analysts say that China’s economic growth, coupled with a lending surge, is fueling a boom in revenue for casinos in the only place in the country where they are legal. Junket operators, who bring high-limit gamblers to the city and lend them money, are benefiting from a “sudden increase” in credit, report the Bloomberg business news service.
 
CLSA Ltd.’s Macau Gaming Index has outperformed Hong Kong’s benchmark Hang Seng Index by 40 percent this year, according to CLSA analyst Aaron Fischer. SJM Holdings Ltd., the casino operator with the biggest market share in Macau, has gained 54 percent this year while the stock benchmark has dropped 8 percent.
 
Bloombergs notes that Macau casino gambling revenues surged 57 percent in the first quarter to about 41 billion patacas as China’s economic growth accelerated to 11.9 percent, the fastest pace in almost three years.
 
This month’s number means 2010 Q2 revenue for casinos in the former Portuguese colony increased 77 percent to 44.9 billion patacas. The total for 2010 H1 rose 67 percent to 85.9 billion patacas.
 
Revenue growth from high rollers placing wagers at baccarat tables where the lowest bet per hand is 10,000 patacas was about 124 percent in May compared with 58 percent for “mass- market” bettors, Deutsche Bank said in a separate note. The bets at Macau’s “VIP tables” can go up to as much as 2 million patacas a hand.
 
VIP gamblers contribute about 70 percent of Macau’s gambling revenue, according to CLSA estimates.
 
Macau surpassed the Las Vegas Strip as the world’s biggest gambling hub in 2006. Bettors wagered a record 119 billion in Macau’s casinos last year, 9.7 percent higher than in 2008.



Gambling News :

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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