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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
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 he’s 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 -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
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 €900 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 €550 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 Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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