Middle income Tourism Expands as VIP Marketplace Slows in Macau

 Middle income Tourism Expands as VIP Marketplace Slows in Macau

Macau is pulling more of these sorts of Chinese tourists now, and less whales, as profits continue to skyrocket (Image: CNN.com)

Macau now named the #1 gambling revenue locale in the world has had another record year, with a $45 billion intake in 2013, lots that represents an 18.6 % jump through the year prior. And even though Las Vegas’ improvements from the year before were really a bit higher than this, percentage-wise, Macau continues to beat down the American gambling mecca with a seven-times-greater input annually.

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But while previous years’ growth ended up being mainly attributed to the mega-wealthy Chinese whales who came to the Chinese unique administrative district to play at opulent casinos for instance the Venetian Macao or Galaxy Macau, the latest year’s upswing happens to be more as a result of the normal guy, i.e., China’s middle-income group and their new access to the neighboring gambling kingdom.

Most credit with this influx of the masses goes to an ever-growing rail that is high-speed, as well as a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid off access time to Macau. That reality, in turn, is enabling many more time and trip that is brief in the future and invest their money at Macau’s casinos; new attractions rising in nearby Hengqin Island may also be assisting to Continue reading “Middle income Tourism Expands as VIP Marketplace Slows in Macau”

Caesars Preps for Possible Revel-ation in Atlantic City

Caesars Preps for Possible Revel-ation in Atlantic City

Hail, Caesars Entertainment: the casino business may or may not be eyeing Atlantic City’s Revel as their acquisition that is newest

We question that the Roman emperor himself kept his name center and front because well as Caesars Entertainment Corporation does today. And despite continuing to transport the gaming industry’s heaviest debt load hovering at the $24 billion mark, buying and building new properties doesn’t appear to be a issue because of this casino conglomerate.

Lately, they have been in talks with Japanese leaders to construct a possible new casino in Osaka just as video gaming is legalized in Japan, and now the latest news, according to some insider reports, is they will have their attention on Atlantic City’s problem child casino, Revel.

Could Revel Be Next on Their List?

Revel officially went into bankruptcy back in March 2013; not even 12 months into its once-gloriously touted entrance onto the Atlantic City land gaming that is beleaguered scene. Now anyone interested in snatching the casino up has under two weeks to submit a bid, and according to Bloomberg, Caesars just isn’t a slam dunk for this purchase; neither is it even 100 % certain they will also take action to take action.

Other contenders are definitely in the mix; those include Orlando-based intense Rock Overseas, who the ny Post month that is last as being in ‘advanced negotiations’ for the purchase. That was following a decision by Hard Continue reading “Caesars Preps for Possible Revel-ation in Atlantic City”

European Bookmakers Lose Millions on Horses Linked to Barney Curley

European Bookmakers Lose Millions on Horses Linked to Barney Curley

Iconic gambler Barney Curley has done it once more each time a 9000- 1 shot on four horses came through (Image: The Guardian)

There’s nothing that can compare with the feeling of striking a daily double, pick six or other big accumulator at the race track, particularly when that final horse comes in to complete your once-in-a-lifetime payday. But while there were some epic wins over the course of horse racing history, few compare to your story that played out this week in the UK as four horses connected to renowned gambler Barney Curley pulled down shocking victories that could have cost bookmakers millions.

Long Odds on Four Horses

The story started on evening, as odds began showing up for some of Wednesday’s races tuesday. There were four horses in all, each coming down a long layoff to race at fairly long odds. Horses Eye of the Tiger and Indus Valley were both 20-1 longshots, while Seven Summits and Low Key had been more fairly priced at 7-1. in just about any instance, a $1 accumulator bet on all four horses to win might have gained a bettor around $13,000 at Bet365, in the event that wagers came in at simply the best time when all four races were on the board plus the odds were as favorable as feasible.

Estimates of exactly how much money ended up being lost by bookmakers through the four not likely winners diverse significantly. One spokesman for Paddy Power said that the hit that is industry-wide Continue reading “European Bookmakers Lose Millions on Horses Linked to Barney Curley”