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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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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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