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MACAU GAMBLING REVENUE ON THE UP YEAR ON YEAR
Posted 2/1/11 : Analysts predict 29 percent full year growth for Macau over 2011
The Macau Gaming Inspection and Coordination Bureau recorded revenue of 18.57 billion Patacas (US$2.31 billion) for the month of January 2011. The figure indicates a 33 percent rise in revenue compared to January 2010.
The Chinese New Year is cited as the reason behind January 2011's revenue being slightly behind that of October and December 2010 when record revenues were reported.
Gabriel Chan, Analyst, Credit Suisse Hong Kong said: "33 percent growth is quite decent indeed, I am still confident with my full-year 29 percent growth outlook."
In related news, despite the uncertainty surrounding Macau gambling mogul Stanley Ho's dispute over control of his casino empire, Ho's company SJM Holdings Ltd still holds over thirty percent of the Macau market in revenue terms and remains the largest operator in the market, reports Dow Jones.
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IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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