Register to Win Prizes! close

Your basic information needed for registration is Done! Fill the info below to get personalized deals and a chance to win an all-inclusive trip to LAS VEGAS!
loading...
  • 1
  • 2
Next

Registration Complete! close

Now you can experience the full experience of CT10 together with the chance of winning an all-inclusive trip to LAS VEGAS for 2 with X nights at the luxury hotel XXX

Don’t have an account yet? Register or

Gambling Revenues Still Robust in Macau

Macau continues to show no sign of its explosive growth slowing with gambling revenues in September coming in very strong.

Macau continues to show no sign of its explosive growth slowing with gambling revenues in September coming in very strong. A total of $2.6 billion in gambling revenues were generated in Macau in September, a whopping 39% increase over September 2010.

September revenues were off the record of $3.1 billion in August but the dip was expected due to various factors such as a national holiday and lost revenue from Typhoon Nesat, which prevented many would-be gamblers from traveling to Macau.

Despite the growth in gambling revenues it hasn't been all roses for the stocks of companies that operate casinos in Macau, which have seen very volatile trading in the last month including several daily swings of 20-30%.

Fearing a credit squeeze in China, some are predicting rougher waters for Macau casinos moving forward. Many rely on gambling junket operators to deliver a steady stream of high rollers to Macau's baccarat tables and other games; gambling from high rollers is responsible for about 70% of the overall revenue in Macau's casinos.

Rumors that many junkets were reducing the credit offered to players caused a sharp sell-off in many Macau casino stocks, intensifying general selling pressure on gambling stocks around the world as economic uncertainty grows in Europe and other areas.

Most stocks saw a sharp rebound in the last week however, helped in part by upgrades for US casino stocks of Wynn Resorts and MGM International, which some analysts feel are well-positioned to continue to profit from their operations in Macau as well as around the world.

 

Rate This :

Latest Tweets

Hit the Casino now and win big!

Why not play for big real money jackpots right now? CasinoTop10 gets you started on the winning road with:

  • Most comprehensive casino reviews on the web
  • Biggest Casino bonuses unique to CasinoTop10
  • The best tips on all Casino games under the sun
  • The best progressive jackpots online

START PLAYING NOW

OUR FAVORITE PARTNERS

CasinoTop10 is your definitive guide to online casinos. Be sure to visit us regulary to read up on fresh information and the latest updates. Cram our objective online casino reviews for information about site quality as well as the best sign-up bonuses currently available. Please contact us here.