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Macau May Revenues Soar
Friday June 1, 2012 : MACAU REVENUES UP 7.3 PERCENT IN MAY
Lowest growth rate since July 2009
It looks as if the pessimistic pundits were right in predicting that the phenomenal growth in Macau revenues could not last; the latest numbers from the island government show a far more modest growth of 7.3 percent in May 2012 - the lowest growth rate recorded since July 2009.
Total revenue of 26.08 billion patacas ($3.3 billion) recorded for May is the second highest for a single month, but a far cry from the 70-90 percent monthly growth rates seen in 2010 and even the 22 percent growth in April, the news agency Reuters reports.
The decline is attributed to a slowdown in China's turbo-charged economy that has started to trickle down to the discretionary income level, most visibly in a drop in spending by billionaire VIP gamblers from mainland China.
Analysts predict that despite the lower numbers, revenue is likely to remain robust due to increasing demand from China's expanding middle class and critical infrastructure developments.
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.
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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