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Macau 2015 November gambling revenue down 32.3 percent

Tuesday December 1,2015 : MACAU REVENUES PLUNGE BY ALMOST A THIRD IN NOVEMBER
 
November gambling revenue down 32.3 percent year-on-year as casinos ponder a shift in emphasis.
 
Macau's Gaming Inspection and Coordination Bureau has reported monthly gross revenue for November 2015 at MOP$16.43 billion (US$2.06 billion) which is down 32.3 percent, compared to the same month in 2014, and represents 18 months of consecutive decline in casino revenue for the region.
 
The statistics show that the high roller VIP sector remains very weak and is shrinking, triggering speculation that casino strategists will refocus on more mass market action rather than VIP wagering.
 
The regulator noted that revenues continue to hover near five-year lows as the world's biggest gambling hub struggles to attract wealthy Chinese punters spooked by the Chinese government's slowing economy and anti-corruption drive.
 
November revenues were the lowest this year and down from 20.06 billion patacas in October, the regulator noted.
 
The steep decline was not unexpected - analysts had already predicted the November negative could be as high as 34 percent.
 
The accumulated gross revenue for the first 11 months of the year is down 35.3 percent at MOP$212.5 billion compared to the same period in 2014. Gaming revenue in the world’s largest center of gambling has fallen 35.3 percent so far this year.
 
Analysts identified another hurdle to recovery, pointing to delays in completing a bridge from the Chinese mainland to the gambling island.



Gambling News :

MPN Poker Tour Malta Day 1A - The MPN Poker Tour has returned to Casino Malta this week, with a €150,000 guaranteed €500 + €50 Main Event running alongside a full complement of side events, parties and activities.

€8 million mobile jackpot win on Mega Moolah - Mega Moolah was hit on Tuesday 25 April 2017 by a Tipico player playing on their mobile device, just over a month after a €6.6 million jackpot was collected in March. The pay-out of €8,012,153.35 is the largest mobile jackpot win in history, superseding Microgaming’s pay-out in August 2016 of €7,968,311.26.

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

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