Online Casino Transfer: News - Macau Does Much Better

08/16/2010		Online Casino Style: News Macau Does Much Better
Home History Games News Dictionary		It seems that some of the fears about the health of both the live and online gambling markets in Macau may have reason to be allayed this week as the most recent data provided to the press from the Gaming Inspection and Coordination Bureau on the island became available this week. According to a report by the Macau Daily Times, though June’s numbers were far less than desirable, the initial statistics coming in for the month of July were much more reassuring. The land-based casinos did better than expected, up by 19.6 percent from their revenue numbers in June. Compared to the previous year, the growth was all the more impressive, jumping a solid 70.4 percent compared to 2009, soaring to MOP 16.31 billion. Following the completion of the FIFA World Cup action in South Africa, the numbers did in fact go up, with business flooding back into the casino sector both in person and in their online gambling counterparts. The hopes are up for the current season as well, with some analysts pointing out that the fall will free up not only funds, but also time for travel, encouraging visits to the island of Macau from the nearby nation of China. Travel restrictions are still in place, but it has done little to mitigate the number of Chinese residents who want to jump the puddle to gamble in Macau. The fall should be positive, predicted Karen Tang of the Deutsche Bank, but the winter could once again be tight, as falling property prices affect expenditures. The most recent numbers are more in line for the tends expressed by the first half of the year as a whole, as in the first seven months, Macau’s revenues hit a total sum of MOP 102.2 billion. That’s a jump of 67.5 percent from the same period last year; if the trends continue for just another two months, the industry will have matched last year’s year end in just nine months, with MOP 120.4 billion.

08/16/2010

Online Casino Style: News
Macau Does Much Better

It seems that some of the fears about the health of both the live and online gambling markets in Macau may have reason to be allayed this week as the most recent data provided to the press from the Gaming Inspection and Coordination Bureau on the island became available this week. According to a report by the Macau Daily Times, though June’s numbers were far less than desirable, the initial statistics coming in for the month of July were much more reassuring.

The land-based casinos did better than expected, up by 19.6 percent from their revenue numbers in June. Compared to the previous year, the growth was all the more impressive, jumping a solid 70.4 percent compared to 2009, soaring to MOP 16.31 billion. Following the completion of the FIFA World Cup action in South Africa, the numbers did in fact go up, with business flooding back into the casino sector both in person and in their online gambling counterparts.

The hopes are up for the current season as well, with some analysts pointing out that the fall will free up not only funds, but also time for travel, encouraging visits to the island of Macau from the nearby nation of China. Travel restrictions are still in place, but it has done little to mitigate the number of Chinese residents who want to jump the puddle to gamble in Macau. The fall should be positive, predicted Karen Tang of the Deutsche Bank, but the winter could once again be tight, as falling property prices affect expenditures.

The most recent numbers are more in line for the tends expressed by the first half of the year as a whole, as in the first seven months, Macau’s revenues hit a total sum of MOP 102.2 billion. That’s a jump of 67.5 percent from the same period last year; if the trends continue for just another two months, the industry will have matched last year’s year end in just nine months, with MOP 120.4 billion.