Macau Casino Revenues Down for Third Straight Month

Macau Casino Revenues Down for Third Straight Month

Macau casinos’ gaming revenues were down for the next month that is consecutive August. (Image: TripAdvisor.com)

Macau casino revenues might not be as dazzling as years back, but the Chinese enclave is in no danger of losing its place once the globe’s gambling hub that is largest. Every day in terms of pure revenues, Las Vegas and other cities simply can’t compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables. But when it comes to what seemed like the endless growth for the area, it appears that the party may be over.

For the 3rd straight month, Macau’s gaming revenues fell on a year-over-year basis. For August, the drop was 6.1 percent when compared to 2013, a tumble blamed on a campaign that is continued corruption that has hurt the movement of cash from mainland Asia.

Natural Numbers Still Good, But Growth Has Stopped

That drop defintely won’t be making the gambling enterprises in Macau cry poor anytime quickly, though. They still earned 28.9 billion patacas ($3.6 billion) the month. But analysts had predicted just a 2 % decrease in gambling revenues, making the size of the decrease something of a surprise at more than three times that number.

The casino market in Macau has typically relied heavily on VIP gamblers whom might spend hundreds of thousands or even millions of bucks in a solitary check out. That market is feeling the strain of an anti-corruption campaign from Chine Continue reading “Macau Casino Revenues Down for Third Straight Month”

Atlantic City Trump Plaza Prone to Close in September

Atlantic City Trump Plaza Prone to Close in September

Trump Plaza’s shutdown will mean that as four Atlantic City casinos could be closed this year. (Image: Lisa Andres/Flickr)

The casino industry of Atlantic City is presently facing a freefall that is unprecedented. After many years of declining revenues, at minimum two casinos have already closed or plan to shut in 2010, and another is facing a 2nd bankruptcy in couple of years. And now, a fourth has stated that they additionally expect you’ll shut straight down in only a months that are few.

That’s the fate that is apparent of Trump Plaza casino, as Trump Entertainment Resorts has said that they anticipate the venue to close on September 16. Although the owners reportedly said that the choice isn’t entirely final, employees were to receive warnings of the expected closing on previously this week.

‘Although [the] review has not been completed and no ultimate decision has been made, the business expects it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014,’ the business told the Associated Press.

Trump Plaza Joins Other AC Closures

If the closure goes through as anticipated, the end result could be that as many as a third of Atlantic City’s casinos could close this year down. In January, the Atlantic Club shuttered its doors, while the Showboat is planning to close in August. Meanwhile, the Revel happens to be in bankruptcy court for the 2nd time, and may potentially cl Continue reading “Atlantic City Trump Plaza Prone to Close in September”

888 Launching Interstate Poker, Mattingley Away From CEO Position

888 Launching Interstate Poker, Mattingley Away From CEO Position

888 Holdings will be the first US interstate poker network, between Nevada and Delaware. (Image: pokerfuse.com)

888 Poker may be in the best place of any brand to fully take advantage for the newly regulated US online gambling markets. They’re a name that is relatively big no issues that bother regulators, and additionally they’re already established (to various extents) in all three states that currently regulate online gambling.

Now, the company will be the first to turn intrastate internet poker into an enterprise that is interstate. 888 has announced that they will launch a shared poker network between Delaware and Nevada, the two states that have signed a lightweight to allow such interstate networks to exist.

888 Only Company constantly in place to Benefit

Since that agreement was finalized involving the states back in February, it is expected that 888 will be the first (and maybe only) firm to make the most of that lightweight. While multiple companies have poker sites running in Nevada, 888 could be the only firm that provides software to Delaware’s three racetrack casinos. That means that any partnership that is interstate Delaware would inevitably benefit 888.

The announcement by 888 came in a statement to investors this week. The company currently provides the pc software for the World Series of Poker (WSOP) internet poker site in Nevada, and normally likely to introduce their own 888-branded poke Continue reading “888 Launching Interstate Poker, Mattingley Away From CEO Position”