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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.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But heís got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a Ä900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the Ä550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tourís friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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