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Macau In Danger Of slipping into recession
Monday April 27,2015 : WARNING ON DECLINING MACAU ECONOMY
Danger of gambling island slipping into recession, says university.
If the fading gambling revenues being experienced at present persist, the Chinese gambling enclave of Macau could be headed for its biggest recession in 33 years, researchers at the University of Macau predict.
Gross Domestic Product could shrink by 14.7 percent if the current gaming income remains in the patacas 20 billion (US$2.5 billion) a month range for the remainder of the year.
That will translate to a Patacas slide from 378.8 billion in 2014 to a worrying Patacas 323 billion, the researchers claim in their 2015 Macroeconomic Forecast.
The report observes that the forecast is a mid-point perspective scenario that takes into account a pessimistic scenario of a 20.4 percent decline, and a more optimistic 9.4 percent slide in GDP.
There is some light on the horizon, however; the study believes that the opening of new casinos and hotels in the second half of 2015 could provide a fillip to slow the decline for the industry and the island.
Gambling News :
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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.
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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.
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2 New Slots For Microgaming Casinos -
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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.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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