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Macau Revenue decline in April less than expected
Sunday May 1,2016 : BETTER NEWS FROM MACAU.
Revenue decline in April less than expected.
Has the fall in Macau gambling revenues finally started to bottom-out?
That's the question analysts are asking after the April numbers were released yesterday by the Macau Gaming Inspection and Coordination Bureau, showing that the monthly decline of 9.5 percent was less than had been anticipated by analysts.
GGR came in at 17.3 billion patacas ($2.2 billion), a year-on-year decline of 9.5 percent instead of the expected 13.5 percent.
The April 2016 figures marked the twenty-third month of sliding revenues in the Asian gambling hub, and the percentage decline was substantially lower than the 16.3 percent decline recorded for March 2016.
Industry observers have speculated that the switch in operator emphasis from high rollers to the mass market player may be starting to produce results in a market that has been seriously impacted by the Chinese government's clampdown on high level corruption and conspicuous consumption in a slowing economy.
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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’.
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.
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