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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 :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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