Monthly Archives: May 2015

Macau casino revenue slump may be structural; junkets steer VIPs elsewhere

Macau casinos may be in for a longer revenue slump than originally anticipated, according to Deutsche Bank analysts.

DB’s Karen Tang issued a note this week warning that the mass market gambling sector is proving ineffective at mitigating Macau’s serious decline in VIP gambling. Tang notes that Macau visitor arrivals fell 4% year-on-year in the first three months of 2015, a decline not seen since China imposed visa restrictions in 2008-09. The decline was even higher (10%) in the number of overnight visitors.

In addition, visitors are spending less at Macau’s gaming tables. Mass gaming spend per visitor fell 14% in Q1, despite average table limits falling 30% from their Q3 2014 peak. Tang says this decline is in part due to an increased number of premium mass gamblers – who wager significant amounts of cash but not enough to qualify as VIPs – looking beyond Macau to get their casino jollies.

Macau’s mass market yield per table fell 22% in Q1 and Tang believes this “will fall another 30% by 2017” as the new wave of Cotai casinos opens, significantly increasing supply without a corresponding increase in demand. DB has therefore revised its forecast of a 26% decline in FY 2015 revenue to 28.5%, with the VIP market projected to fall 33.6% to $17.6b and the mass market down 20.8% to $13.8b.

a Look At Gta V PC Performance and Image Quality At 4K

MojoKid writes: Rockstar’s Grand Theft Auto series has been wildly successful for many years now, offering some of the edgiest story lines, game play tactics and objectives the gaming industry has ever seen. With psychopathic main characters, you are left in the depraved communities of Los Santos and Blaine County, to walk a path few would dare choose in real life.

Rachel Harrison to Bring Three Young Framers to Regen Projects This Summer

Regen Projects is please to present Three Young Framers , an exhibition of new work by New York-based artist Rachel Harrison . The exhibition runs June 6 – July 18, 2015, with an opening reception on Saturday, June 6 from 6 to 8 p.m. The exhibition reflects on what it means to frame a subject, in a time when subjects tend to frame themselves.

4 Bergen County Friends Splitting $40M Powerball Prize

Daniel Blackley Jr., Scott Goldberg, Robert Kerr, and Thomas Reagan, all of Dumont, collectively went in and purchased tickets for the March 25 Powerball drawing where they matched all five numbers and extra Powerball number. The Rocklin Four as they’ve been called have no plans to leave the neighborhood or change their lives much.

Dayton won't block bill ending online lottery games

The Minnesota Lottery’s experiment with paperless, instant-play tickets sold over the Internet and other platforms will come to an end because Gov. Mark Dayton decided Thursday not to veto legislation suspending the games. The Legislature had sent Dayton the bill to stop the virtual games after overwhelming votes in the Senate last week and the House on Thursday.