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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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