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ALARM AS MACAU GAMBLING SHARES HEAD SOUTH
Saturday October 8, 2011 : Asian markets in turmoil as investors offload on fears of a slowdown in China
The week is off to a scary start in Asia, with a wide range of news agencies and business media reporting that shares in Macau gambling companies have taken a severe beating as investors sell off gaming stocks on fears that a heightened credit squeeze on private firms in China will hurt gambling revenues.
Investors priced in concerns of a deepening slowdown in China on a sector that had previously been seen as nearly bullet-proof to the global decline.
The reports indicate that Galaxy Entertainment dropped close to 20 percent, while SJM slid 19 percent, against a 4.6 percent fall in the Hang Seng Index. Sands China dropped 14.3 percent, while Melco International slipped by 13.6 percent and Wynn Macau was off by the same number.
Analysts said the selling was defying fundamentals with liquidity in Macau still ample. Macau is due to post its September gaming revenues this week.
The island gambling mecca’s casinos suffered big losses last Friday.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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