Online Casino Transfer: News - Magnificent May in Macau

06/15/2010		Online Casino Style: News Magnificent May in Macau
Home History Games News Dictionary		It seems that online gambling is still strong in the Asian market, with positive strides also being made in the classic gambling industry as well. The most recent numbers to become available out of Macau in fact show a huge surge in their revenues, with profits made in May doubling from the previous year. Though undoubtedly the largest reason for the recovery comes from the abatement of the recession that has so long plagued the internet casinos around the world, but that might not be the only reason as China continues to tighten their prohibition enforcement. Macau is one small region of the world that seems to be benefiting strongly from strict laws against gambling in China, with their numbers nearly doubling for the month of May. The Bloomberg business news agency reported that gambling revenue within Macau reached 17 billion patacas by the end of May, equal to about $2.12 billion. Just a year earlier, the May numbers came to just 8.8 billion patacas. For the five months from the beginning of the year, the profits came to an impressive 72 billion patacas, compared to 2009’s 43 billion patacas. There is undeniably some connection between China’s economy and the Macau run-offs, as the Communist nation reported a surge of economic growth of 11.9 percent, the fastest pace in three years. The growth trends will benefit a slew of gambling outlets, including internet casino operators, and land-based venues. Especially those businesses which favor and cater to VIP clientele will continue to reap the profits, said a representative for CLSA Ltd, for those are the locations where bets can go as high as 2 million patacas per hand. Some of the larger casinos on the island are familiar brands from elsewhere, including the likes of Wynn Macau Ltd., Melco Crown Entertainment Ltd., and Galaxy Entertainment Group Ltd. The largest market share is held by an individual well known to the internet gambling industry, that of Stanley Hos, the billionaire name behind SJM Holdings Ltd. He owns about 32 percent of the shares for Macau casinos.

06/15/2010

Online Casino Style: News
Magnificent May in Macau

It seems that online gambling is still strong in the Asian market, with positive strides also being made in the classic gambling industry as well. The most recent numbers to become available out of Macau in fact show a huge surge in their revenues, with profits made in May doubling from the previous year. Though undoubtedly the largest reason for the recovery comes from the abatement of the recession that has so long plagued the internet casinos around the world, but that might not be the only reason as China continues to tighten their prohibition enforcement.

Macau is one small region of the world that seems to be benefiting strongly from strict laws against gambling in China, with their numbers nearly doubling for the month of May. The Bloomberg business news agency reported that gambling revenue within Macau reached 17 billion patacas by the end of May, equal to about $2.12 billion. Just a year earlier, the May numbers came to just 8.8 billion patacas. For the five months from the beginning of the year, the profits came to an impressive 72 billion patacas, compared to 2009’s 43 billion patacas.

There is undeniably some connection between China’s economy and the Macau run-offs, as the Communist nation reported a surge of economic growth of 11.9 percent, the fastest pace in three years. The growth trends will benefit a slew of gambling outlets, including internet casino operators, and land-based venues. Especially those businesses which favor and cater to VIP clientele will continue to reap the profits, said a representative for CLSA Ltd, for those are the locations where bets can go as high as 2 million patacas per hand.

Some of the larger casinos on the island are familiar brands from elsewhere, including the likes of Wynn Macau Ltd., Melco Crown Entertainment Ltd., and Galaxy Entertainment Group Ltd. The largest market share is held by an individual well known to the internet gambling industry, that of Stanley Hos, the billionaire name behind SJM Holdings Ltd. He owns about 32 percent of the shares for Macau casinos.