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Thursday, October 4, 2012 : MACAU REVENUES UP IN SEPTEMBER
12.3 percent year-on-year revenue growth
Gambling revenue in Macau, the world's largest land casino market, rose 12.3 percent in September year-on-year, Macau Gaming Inspection and Coordination Bureau data released Thursday showed.
Nevertheless, September's revenue amounted to a weaker-than-expected 23.87 billion patacas ($2.99 billion) compared with MOP21.24 billion in the same month last year. Analysts had forecast September growth to be up 15-17 percent ahead of a national holiday week starting in October.
Reuters news service attributed the lower numbers to a slowdown in China's economy and increased political scrutiny due to an impending leadership change that has taken its toll on the country's big-spending billionaire punters, pushing Macau's gambling revenue growth levels down substantially over the past 5 months.
The growth rate was higher than August's 5.5 percent year-on-year rise.
In the first nine months of the year, revenue rose 15 percent from the same period in 2011 to MOP223.3 billion.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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