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Macau Half year 2013 Earnings
Friday July 19,2013 : MACAU HALF YEARLY NUMBERS IMPRESS
Revenues reach $21.5 billion in first half of 2013.
The revenue generating machine that is the land gambling industry in Macau turned in an impressive half year performance this week, according to official figures from the Macau Gaming Inspection and Coordination Bureau.
Gross revenues reached 172 billion patacas ($21.5 billion) in H1-2013, with casino games contributing the bulk of revenues.
VIP baccarat and baccarat delivered a combined 91.3 percent of total gross revenues at 115.8 billion patacas and 40.7 billion patacas respectively, whilst slot machines . Slot machines generated 7.1 billion patacas and the dice game ‘cussec’, produced 3.2 billion patacas in gross revenue..
Other markets comprising greyhound and horseracing, Chinese and instant lotteries and sports lotteries for football and basketball accounted for less than half a percent of the total.
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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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