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Macau Gambling revenues drop 39 percent in March

Wednesday April 1,2015 :  ANOTHER AWFUL MONTH FOR MACAU
 
Gambling revenues drop 39 percent in March.
 
Gambling revenue in Macau plunged another 39 percent in March, the tenth consecutive monthly fall, as Chinese mainland high rollers remained cautious due to the crackdown on extravagance and corruption by the Chinese central government.
 
The March revenue decline is the second worst on record for Macau, the Reuters news agency reported, noting that revenue fell to 21.5 billion patacas (GBP 2 billion or US$2.7 billion) from 35.5 billion patacas a year earlier.  The decline was slightly below the predictions of analysts who expected the worst.
 
Those analysts are taking a gloomy view on the short term prospects, predicting a continued slump in demand at the top end of the market, with high rollers keeping a low profile amid a spate of investigations of officials and executives for graft.
 
Long term views are more optimistic due to travel infrastructure improvements in the region and the possibility of more visitors....as few as 2 percent of China's 1.4 billion citizens have visited the  gambling island just offshore from Hong Kong.
 
Gambling taxes and levies brings in 80 percent of the island government's revenue, but officials have called for more diversification of the economy to make it less reliant on the casinos .
 
Land casino company shares have fallen in value by as much as 22 percent since the start of 2015.



Gambling News :

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.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

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.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

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