Macau eclipsed the Las Vegas Strip back in 2006 as far as total gambling dollars taken in each year, with Singapore poised by the end of 2011 to surpass the 2010 haul of $5.8 billion the Strip took in. US casinos in Vegas might still the textbook definition of “casino” that most conjure up in their heads — huge mega resorts awash in neon and noisy slots — but more and more the shift of gambling power in the world is heading east to Macau and Singapore. Macau has experienced recod growth in 2011 and is projected for more of [ Read More ]
Despite worries of tightening credit in China gambling revenues in Macau continue to soar, with a new record set in October for total gambling revenue taken in. October eclipsed the previous record set in August, with about $3.36 billion in gambling revenues generated in October in Macau (which is on pace to do roughly five times what the Las Vegas Strip will pull in for 2011). Revenues were up 42% over the same period in 2010, with one of China’ “golden week” holidays helping boost numbers for October. Macau offers the only legal opportunity for many Chinese residents to gamble, [ Read More ]
Most stocks of casino groups operating in Macau took a big hit on Monday amid fears of tightening credit for many high roller gamblers from China. Many stocks were down more than 20% with heavy volume and selling pressure throughout the day. SJM Holdings lost a quarter of its value while MGM China Holdings — owned by MGM Resorts International –was off 20% along with other Hong Kong-listed units of US casino operators. Macau has seen record revenues in 2011 with explosive growth in gambling on slots, baccarat, and other games. Fears have been growing, however, that China might move [ Read More ]
Today we want to let you know about free online casino games from OnlineCasino.net. Before you get too excited, no there are no free games at the website. Don’t be misled by the title. There are no games there at all, since it’s not an online casino. The website is an online casino directory and review site, just like this one. So why would you check out OnlineCasino.net when you already have a great site here at Gambling Review? That’s a good question. While we would love for you to find everything you need here, sometimes it helps to get [ Read More ]
