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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.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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