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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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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