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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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