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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 :

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.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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