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Macaus gambling revenue declined in July 2016
Monday August 1,2016 : MACAU GAMBLING DECLINE CONTINUES
But its less than the preceding month.
For the 26th month running Macaus gambling revenue declined in July 2016, according to official figures released Monday by the regulator.
The Reuters news agency reported that gambling revenue in the southern Chinese territory fell 4.5 percent year-on-year to 17.8 billion patacas ($2.2 billion) - at the lower end of analysts expectations of between 4 and 8 percent.
Compared with the 8.5 percent decline recorded in June 2016 (see previous InfoPowa report), the July figure was however an improvement.
The protracted plunge in Macau revenues follows a Chinese government clampdown on corruption, targeting conspicuous spending by public officials. Slowing economic growth on the mainland - home to the majority of customers - has also hurt business, Reuters notes.
Macaus top leader, Fernando Chui, has taken an upbeat approach to the crisis, saying he expects the gambling hub to post positive growth next year following the opening of two multi-billion-dollar resorts over the next two months, and executives from Sands China and Wynn Macau said last week that growth had picked up considerably over the past month due to an increase in visitors to the gambling island and mass market spending.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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