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Macau September 2016 Gambling revenues

Results for September are better than expected .
Statistics on Macau gambling revenues in September were released Saturday by the Macau Gaming Inspection and Coordination Bureau, and show a year-on-year increase for the second month running.
The Reuters news agency reports that the Asian gambling hub posted a better than expected 7.4 percent rise - the second this year after over two years of steady decline following a slowdown in the Chinese economy and a strict anti-corruption drive by the central government.
The report notes that multi-billion dollar land casino openings by Sands China Ltd and Wynn Macau Ltd helped attract VIP customers, encouraging a recovery from a period in which revenues have fallen to five-year lows but turned positive in August and September this year.
Gambling revenue in September 2016 was 18.4 billion patacas (US$2.3 billion), but several analysts remain cautious on how sustainable the improvement may be, noting that revenue from mass market players has failed to grow significantly, and new increases were from low-income VIP players.
To reduce reliance on high-rollers, the national and Macau governments have been adamant that the island should diversify into general leisure and tourism.
Overnight visitors have grown since August due to operators attracting customers with cheaper hotel rooms and promotions, but individual spending is muted, Reuters reports.
Analysts also point to  infrastructure bottlenecks which hinder larger visitation to Macaus gambling attractions by mainland Chinese punters.
Year to date numbers are still down year-on-year by 9.1 percent.

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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