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Macau Gambling 3.7 percent decline in June

Wednesday July 2,2014 : SHOCK DECLINE IN MACAU GAMBLING REVENUES
 
3.7 percent decline in June is the first drop in revenues in four years.
 
Has the seemingly endless Macau run of outstanding gambling revenues finally peaked after an unbroken four years? The latest figures from Macau’s Gaming Inspection and Coordination Bureau might suggest that a slowdown is taking shape.
 
Gambling revenue in Macau fell 3.7 percent in June on an annual basis, the first decline in more than four years, but analysts have opined that the causes may be temporary attractions elsewhere such as the World Cup football in Brazil, which is siphoning off huge amounts in Asian gambling bets.
 
However, other observers pointed out that high-rollers or VIPs, bettors who usually wager at least HK$5 million ($645,000) per trip, and contribute as much as sixty percent to the market, have been shying away from gambling in Macau amid a cooling economy and a nationwide crackdown on corruption in China.
 
The Reuters news agency reports that gambling revenue from Macau's 35 terrestrial casinos fell to 27.2 billion patacas in June ($3.4 billion) from 28.3 billion patacas a year earlier, meeting analyst predictions that a drop of 4 to 6 percent was imminent.
 
The shift downwards is the first decline since June 2009 when Macau revenues fell 17 percent, according to the Gaming Inspection and Coordination Bureau.



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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