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Macau Gambling Numbers Drop again in June 2015
Wednesday July 1,2015 : MACAU JUNE REVENUES THE LOWEST SINCE 2010
Gambling island’s fortunes continue to wane.
The Macau Gaming Inspection and Coordination Bureau reports that casino revenues in June 2015 fell to their lowest level since November 2010, as China’s slowing economy and a graft crackdown continue to impact business on the gambling island.
Gross gaming revenue in June fell 36.2 percent to 17.4 billion patacas ($2.2 billion), the 13th straight month of declines, but in percentage terms two points lower than the slide predicted by analysts.
Bloomberg business news reports that the decline is the worst since 2010, when monthly revenue averaged 15.7 billion patacas.
On the brighter side, analysts point to a loosening of Chinese travel restrictions, which should support the market.
The Macau government announced overnight a reversal of a transit visa policy that was tightened a year ago after it was used by some high rollers and junket agents to gain multiple entries.
From today (July 1), mainland China passport holders transiting through Macau are allowed to stay in the city longer and more frequently. They can stay seven days in Macau, up from five days, and gain second entry within 30 days, rather than 60 days.
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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.
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.
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.
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.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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