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Macau Gambling Revenues Drop
Monday December 1,2014 : MACAU GAMBLING REVENUE DROPS FOR SIXTH CONSECUTIVE MONTH
Analyst's predictions of a continued slump confirmed.
Macau gaming statistics for November have confirmed analysts' fears that for the sixth consecutive month the island gambling haven has delivered declining revenues.
Numbers from the Macau Gaming Inspection and Coordination Bureau show a decline of 19.6 percent in revenues compared to the same period a year ago as China's pervasive war on corruption and slowing economic growth suppress punters' appetite for gambling.
Gambling revenue from Macau's 35 casinos fell to 24.3 billion patacas ($3.04 billion) in November, down from 33.5 billion patacas in 2013, and around the middle of the range expected by analysts, the Reuters news agency reports.
The decline is the worst suffered by Macau since 2008-2009, when the global credit crunch saw revenues plunging for seven months running.
November's decline was less that that experienced in October this year, when the gambling sector took its biggest hit ever with revenue dropping 23 percent compared to October 2013, admittedly a particularly good month back then.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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