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Macau May 2016 Gambling Revenue
Thursday June 3,2016 : MACAU REVENUE DOWN 9.6 PERCENT IN MAY
Pace of decline rises month-on-month.
Official figures from the Macau government show that once again revenues on the gambling island fell in May 2016, dropping 9.6 percent on a year-on-year basis with analysts noting that the pace of decline appears to have accelerated on a month-on-month basis.
Gambling revenue for May was 18.4 billion patacas (US$2.3 billion), government data released on Wednesday showed, a steeper decline than analysts estimates of a 6 percent fall.
The figures represent the twenty-fourth month running in which Macau revenues have slipped, with revenues contracting by more than half over the past two years as the economic slowdown and anti-corruption drives in China took their toll.
The land casino industry on the island, situated off the Chinese mainland, provides 80 percent of government revenues, and the significant decline has impacted the islands economic growth, with recent statistics showing that the local economy shrank 13 percent in Q1-2016 (see previous InfoPowa reports.
Major casino operators on the island are being encouraged to diversify into the tourism business with their resorts, and future plans for the island include three new mega-resorts, with one incorporating a half size copy of the Eiffel Tower, and another a large man-made lake and mall with a Venice-inspired theme.
Gambling News :
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.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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