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Macau Gambling Revenues Down 33Percent in September 2015
Friday October 2,2015 : MACAU REVENUES DOWN AGAIN - 33 PERCENT IN SEPTEMBER
Continuing slide was forecast by analysts.
Macau's woes continued in September as gross gambling revenues dropped 33 percent year-on-year as forecast by analysts, who attributed the drop to China's ongoing clampdown, slower traffic in the run-up to the Golden Week holiday, low VIP win rate and junket liquidity issues.
Statistics from the island's regulator showed that GGR in September was MOP17.1 billion (US$2.14 billion), down from MOP25.5 billion in the year ago period.
2015 year-to-date, GGR is down 36.2 percent.
Taking a more positive view, analysts pointed out that the decline was less severe than in previous months, and the lowest decline since January this year.
That trend is expected to continue, with Deutsche Bank predicting a slide of 27 percent for October. Wells Fargo agreed, saying it forecasts a drop of between 27 and 33 percent.
By early 2016 most analysts expect the decline to have slowed to percentages in the teens.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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