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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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