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Macau posted its best monthly gambling revenue performance
March 1,2016 : LIGHT AT THE END OF THE TUNNEL FOR MACAU?
Still in decline, but the numbers look up in February.
The Reuters news agency reports that the Chinese gambling island of Macau posted its best monthly gambling revenue performance since October last year Tuesday, boosted by an increase in tourist numbers over the Lunar New Year holiday.
The regulator reported that growth in gambling revenue dropped just 0.1 percent to 19.5 billion patacas ($2.4 billion)...better than analysts' expectations of a fall of 2-10 percent. Nevertheless, it was the 21st consecutive monthly fall, albeit the smallest decline in 20 months.
Visitor numbers increased in the first two months of the year, with the number of individual tourists from the mainland up 2.6 percent in January, and total mainland visitors up 4.5 percent over the week-long Lunar New Year holiday.
That's good news for an industry that is increasingly switching its strategy from depending on high rollers to attracting the mass market.
Before 2015, Macau's gambling industry relied heavily on wealthy VIPs, who accounted for over two thirds of total revenue, yet that portion has fallen to half amid the Chinese central government's anti-corruption drive.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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