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5.19.10 - According to unaudited numbers quoted by industry analysts CLSA Limited, Macau casino gambling revenue for the first two weeks of May 2010 has probably increased by 90 percent to 9 billion patacas ($1.12 billion) from a year earlier.
Revenue growth for casinos in the only Chinese region where they are legal is “accelerating rather than slowing down because of the ‘tightening’ in China,” CLSA analyst Aaron Fischer said in a note to clients this week.
Compared with the first two weeks of April 2010, gambling revenue in Macau increased by 40 percent, says Fischer.
“It looks like some of the casino operators are significantly increasing their working capital,” or the amount lent to junket operators, who are paid commissions to bring in high rollers, the analyst said.
The city’s casino gambling revenue in April rose about 70 percent from a year earlier to more than 14.1 billion patacas. Macau gambling revenue was up 57 percent in the first quarter of this year to about 41 billion patacas, local government confirmed.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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