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Macau Casino July Revenue Soars

After a small slump in June, Macau fired on all cylinders in July
The Macau Daily Times reports that, following a small slump in gambling revenues in June 2010, the operators on Macau enjoyed soaring revenues again in July, continuing the region's impressive progress.
Data from the Gaming Inspection and Coordination Bureau (DICJ) shows that the casinos brought in MOP 16.31 billion, 19.6 percent more than in June, and up a stunning 70.4 percent on the same period in 2009.
Analysts were expecting market growth in the casino sector “to resume” after the FIFA football World Cup, which finished on July 11.
Hopes are even higher for the current season, according to Deutsche Bank analyst Karen Tang, who points out that this is the traditional season for holiday and travel. However, she cautioned, revenues could again ease going into the fourth quarter as falling Chinese property prices eventually take a toll on Macau.
June revenues in Macau declined 20 percent in comparison with May, when the sector reached a record MOP 17 billion. However, July saw the industry recovering to the extent that it logged its second best month for revenue ever.
In the first seven months of 2010, the Macau gaming industry’s revenues climbed 67.5 percent from last year to reach MOP 102.2 billion. If the growth rate remains unchanged, the sector will need less than two months to reach the revenues registered in the whole of last year - MOP 120.4 billion.
A month ago the Bureau director Manuel Joaquim das Neves, stood by his prediction of 30 percent growth in gaming revenues for 2010, but he cautioned that the rise would lose steam in the second half of 2010.

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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