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Macau Revenues Down in July 2014
Friday August 1,2014 : MACAU REVENUES DOWN AGAIN IN JULY
Further 3.6 percent y-o-y fall recorded.
Gambling revenue in Macau fell 3.6 percent year-on-year in July, reports the Reuters news agency, attributing the second consecutive monthly decline in the Asian gambling enclave to the lingering impact of World Cup football in June and July.
Macau's 35 land casinos reported that revenue fell 3.6 percent to 28.4 billion patacas ($3.56 billion) in July from 29.5 billion patacas a year earlier. Analysts were expecting a drop of between 2-5 percent.
Official numbers released by the Macau Gaming Inspection and Coordination Bureau suggested that the World Cup, which ended mid-July, distracted Asian punters while business from high-stakes gamblers remained weak.
Macau’s casino revenue fell 3.7 percent to 27 billion patacas in June, the first decline in five years.
“We continue to believe 2014 will be choppy as VIP growth likely remains weak into fourth quarter and we haven’t seen a sustained improvement in revenues post World Cup,” gaming analyst Cameron McKnight, a New York-based analyst at Wells Fargo & Co., wrote in a research note, adding that China’s anti-corruption campaign “could impact player sentiment and spending.”
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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.
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.
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.
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