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Chinese Government to Support Macau
Saturday October 3,2015 : REPORTS OF CHINESE GOVERNMENT SUPPORT FOR STRUGGLING MACAU
Gambling company shares rise on news that support is coming before year-end.
Macau's struggling gambling industry could receive a boost from the Chinese government before the end of the year, although details of what this could include have not yet been made public.
The new was enough to lift Macau gambling company share prices significantly, Bloomberg business news reported Friday.
Li Gang, director of the China’s local liaison office, said the government will introduce support policies by the end of 2015, according to Teledifusao de Macau., although he did not go into specific details.
Analysts suggested that help could be coming in the way of easing restrictions on visits, particularly on casual gamblers, who are now a key demographic for the companies.
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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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