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Macau Gambling Revenues up 21.4 percent in September 2013

Thursday October 3,2013 : MACAU GAMBLING REVENUES CONTINUE TO RISE
 
Revenues up 21.4 percent in September 2013.
 
Gambling revenue in China's offshore casino hub of Macau rose 21.4 percent in September year-on-year, on robust spending by affluent gamblers, reports the Reuters news agency.
 
And even a typhoon that hit southern China at the end of the month and disrupted travel could not reverse the upward trend, although it probably slowed things down temporarily.
 
September's revenue came in at 28.96 billion patacas ($3.63 billion) according to government data released Thursday. The figure was at the low end of analyst estimates who forecasted September growth in the world's biggest gambling market to rise 22-25 percent.
 
Macau is the only place in China where casino gambling is legal, and as a consequence the small island is frequently packed with mainland tourists, necessitating plans to expand handling facilities.
 
Local authorities expect October will see Macau casinos reach new record revenues thanks to a week-long national holiday at the start of the month. Hotels are already fully booked for the period. Macvau attracted a staggering 28 million tourists last year, official figures show, and there are plans to boost that.
 
Analysts are confident that as external infrastructure projects are completed, such as the expansion of an intercity railway in China and a bridge connecting Hong Kong, Zhuhai and Macau that is due to open in 2016, greater numbers of visitors will be able to visit Macau.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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