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Macau December 2016 Casino Revenue

MACAU'S DECEMBER REVENUES CONTINUE UPWARD TREND
 
Last month of 2016 delivers a year-on-year increase of 8 percent...but full year revenue remains in the doldrums.
 
The Macau regulator has released full year 2016 and December 2016 revenue figures, reporting that in December the Asian gambling hub saw revenues rise 8 percent y-o-y to 19.8 billion patacas, continuing the upward trend of recent months.
 
However, viewed for the full year, the numbers were down 3.3 percent year-on-year at 223.2 billion patacas ($28.0 billion)...a third year of decline following central government clampdowns on corruption and high-rolling officials.
 
The performances were pretty much in line with analyst expectations.
 
The regulator reported that new casino resorts opened in the third quarter of 2016 contributed to the attractions of the gambling island, drawing more mass market visitors, and even triggered an improvement in VIP high roller attendance.
 
The Reuters news agency quotes land casino industry experts as saying that they believe the Macau slump has now bottomed out amid a perception that the Chinese government's campaign is winding down.
 
Some anticipate better long-term prospects given investments in new supply, improvements in mass market indicators and under-penetration of gaming throughout the rest of Asia. They also note the improvement in transportation facilities to the island, which should help to boost mass-market visitor numbers.
 
However, they point to rising competition from more casino resorts planned by major gambling groups in the years ahead, and the rise of neighboring gambling markets in Saipan, the Philippines, Cambodia and South Korea.



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$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.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

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.

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