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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.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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