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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.
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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