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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.
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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