Macau stronger than expected
Macau is looking stronger in September than expected.
Table game revenues through the 15th are up 25 per cent to $1.8bn. That is ahead of what will likely be another strong weekend thanks to the Mid-Autumn Festival that begins on Thursday and October should be boosted by Golden Week, which begins on the first.
The numbers prompted Dave Bain of Sterne Agee to up his September growth estimate from 16 to 21 per cent. Cameron McKnight of Wells Fargo is now expecting 20 to 24 per cent growth, up from his prior forecast of 18 to 22 per cent.
Growth is rising even outside of Macau. Visitation to the eight casino boats out of Hong Kong is up nine per cent to 615,328 passengers in the first half of the year, Bloomberg reported. Those boats are owned by Genting Hong Kong and Success Universe Group, both of which trade on the Hong Kong Stock Exchange.
Cheaper rooms and easier visa requirements are attracting mainland Chinese gamblers to the boats. Rooms are as low as $52 a night compared to the $175 a night Macau hotel rooms averaged in July.
Macau casino operators say the boats have little effect on their casinos.
Source: Fantini’s Gaming Report
Australian billionaire James Packer has once again set his sights on the Las Vegas Strip.
The Las Vegas casino industry is back on form, but casino gaming elsewhere in the US is still searching for an upswing.
Turning Stone Resort Casino in Verona in the US state of New York has upgraded its entire slot floor of 2,100 games with CPI’s combination of MEI SC Advance note acceptors and EASITRAX Soft Count.
InterGame is the only monthly magazine covering the international coin-op amusements and gaming industry.Learn more
InterGaming is the leading monthly magazine covering the international land-based casino and gaming industry.Learn more
Published bimonthly, iNTERGAMINGi is the leading publication for the growing international online gaming industry.Learn more
An extensive annual review of the industry covering all three gaming sectors and including a global directory of suppliers.Learn more
InterGaming Law is a bi-annual magazine, launched to meet increasing demand for an independent international publication dedicated to legal developments affecting the global gaming sector.Learn more