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Gambling revenue growth in Macau soared 40 percent

Monday March 3,2014 :  MACAU DOES IT AGAIN
Another gambling record for China's offshore gambling hub.
Gambling on the island of Macau off the Chinese mainland generated a record $4.8 billion in gaming revenues for the month of February, far above analyst expectations, according to the Reuters news agency.
The impressive performance is attributed to strong spending from wealthy punters during and after a week-long national holiday.
Gambling revenue growth in Macau soared 40 percent to 38 billion patacas ($4.75 billion) in February, far ahead of analyst estimates of growth that ranged between 29-35 percent.
On present figures, Macau earns the equivalent of Las Vegas's annual haul in less than two months.
February's $4.8 billion figure compares to Singapore's 2013 annual haul of $6 billion and Las Vegas's $6.5 billion, Reuters reports.
February's record comes after muted growth in January when revenues came in at 28.7 billion patacas with Chinese punters putting off their trips until the holiday period .
Analysts now estimate mass market growth (middle class gamblers) is likely to range between 25-30 percent for Macau this year. They predict that improving infrastructure developments that will shorten the journey from the mainland to Macau are likely to continue to drive visitation and further demand for gambling.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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