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Macau GDP Drops
Monday December 1,2014 : MACAU G.D.P. DIPS FOR THE FIRST TIME IN FIVE YEARS
Decline attributed to slump in gaming revenue.
The latest figures from the Macau Census and Statistics Service show a worrying 2.1 percent year-on-year decline in the island's quarterly gross domestic product (GDP); the first dip in five years.
Officials attribute the dip to a slump in gaming revenues, with the export of gaming services widening to 12.3 percent and other tourism services down 0.7 percent.
However, by the standards of many other countries the economy remained healthy, with economic growth for the first three quarters of 2014 narrowed but still at a creditable 6 percent in real terms.
Macau’s gross gambling revenue declined for the first time in five years in June 2014 and has fallen every month since, accelerating to a 23.2 percent drop in October, the worst on record.
The decline has been blamed on the Chinese government's tough crackdown on mainland corruption; a slowing Chinese economy and tight credit conditions.
In employment terms the island still performs reasonably well; the number of workers in the gaming industry has continued to lead other island industries, with the gambling workforce rising to 84,600 in Q3-2014, a 3.8 percent increase compared to the second quarter.
According to the current report, the overall unemployment rate on the island is 1.7 percent.
In more general terms, private consumption expenditure grew 7.2 percent, whilst government spending increased by 8.1 percent, and private investment soared by 41.5 percent, indicating continued confidence in the potential of Macau.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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