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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.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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