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Macau Gambling : 42 percent improvement on 2010

01/03/2012 : BUMPER YEAR FOR MACAU GAMBLING
 
42 percent improvement on 2010
 
The Wall Street Journal reports that the gambling centre of Macau has a market that is now five times the size of Las Vegas, and that in 2011 its revenues soared 42 percent over the preceding year.
 
Fuelled by a constant flow of VIP visitors from China, revenues rocketed to 267.87 patacas ($33.47 billion) for the year and showed how successful Asia’s gaming industry continues to be – both land-based and online.
 
Galaxy Entertainment Group completed the year as the best performer in stocks and shares with stocks rising almost 62 percent over the course of the year to finish well ahead of the 30 percent increase achieved by its closest rival, Melco International Development.
 
Macau’s pre-eminent position was further confirmed by December's revenue, which finishing the year up 25 percent when revenue hit 23.61billion patacas ($2.95 billion) compared with the previous December figure of 18.8 billion patacas.
 
However, analysts believe the outlook for 2012 isn't as rosy and expect the pace of growth to slow, if for no other reason than the large haul recorded the previous year, the WSJ notes.
 
Experts pointed to intensifying concerns over the sustainability of the recent explosive growth in VIP gambling, which accounts for nearly 75 percent of all gambling revenue in Macau.
 
Wells Fargo analyst Cameron McKnight forecast in a recent report that Macau gambling revenue would continue to grow, but at a much more modest 11 percent in 2012.
 
One of the key focuses for the year will be on "whether or not the floor is going to fall out of the VIP market," Union Gaming analyst Grant Govertson told the Journal.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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