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Macau Casinos : August revenues show a 40 percent improvement
August revenues show a 40 percent improvement
The addition of tables for high stakes gamblers by Macau land casino operators is at least partly attributable to another impressive rise in revenues for the month of August, reports Macau's Gaming Inspection and Coordination Bureau.
Gaming revenue rose 40 percent to 15.8 billion patacas ($2 billion) in August, with the six operators in the gambling enclave reporting soaring revenues up 63 percent from a year earlier to 117.9 billion patacas in the eight months to end-August.
"A slight moderation in the growth momentum of Macau's gross casino revenue would probably be a healthy thing at this point," independent industry consultant Jonathan Galaviz opined. A significant real-estate market downturn is likely on the mainland, and its ultimate effect on Macau would be pronounced, he added.
SJM said revenue from VIP gamblers more than doubled in the first half of 2010. Wynn Macau, the Hong Kong-listed unit of Wynn Resorts Inc, said revenue from high rollers rose 80 percent in the same period.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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