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Macau September 2016 Gambling revenues

MACAU POSITIVE FOR SECOND CONSECUTIVE MONTH
 
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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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.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

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.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

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