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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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