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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.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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