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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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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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