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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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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
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Playtech Acquires ECM Systems -
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Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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