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Macau Gambling August Numbers
Thursday September 1,2016 : MACAU GAMBLING TURNS THE CORNER
Revenue breaks two-year downward trend with one percent August rise.
Hope has surged anew in Macau, where the latest (August) gambling stats from the regulator have shown a 1.1 percent rise in gambling revenue, the first positive monthly year-over-year growth in more than two years.
Gambling revenue was 18.8 billion patacas ($2.4 billion), government data showed on Thursday, at the top end of analysts expectations that varied from a drop of 3 percent to a 1 percent growth.
The Reuters news agency reported that August marks the first upward tick for the island gambling since May 2014, after monthly revenues plummeted to five-year lows due to slowing economic growth in the worlds second largest economy, and major anti-graft campaigns.
The regulator said that improved visitation over the summer helped bolster the mass market segment, which has become a key focus after a dearth of VIP gamblers.
However, analysts warned that a swift rebound is unlikely despite two new casino resorts opening from gambling companies owned by Steve Wynn and Sheldon Adelson.
Government data this month showed Macaus gross domestic product dropped 7.1 percent on-year in the second quarter, compared to a 13.3 percent drop in the first.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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