Macau Casino Revenue Up 42.4% To $3 Billion In May 2011

Macau has posted yet another record high in its gambling figures after the month of May showed a 42.4% increase in revenue to MOP24.31 billion (US$3.03 billion).
Macau is not only the world’s biggest gambling resort, but also China’s only legal casino destination. Consequently, since 2010 mainland tourists have been flooding into the enclave in ever increasing numbers now resulting in four month in a row of record highs for Macau’s gambling revenue.
May’s impressive figures were also helped along by the beginning of the month’s week-long national holiday, as well as the May 15th opening of a new  $2 billion resort, called the Galaxy Macau.
Despite the ever increasing optimism regarding Macau’s gambling revenue, RBS gaming analyst Philip Tulk sounded a slightly cautionary note when he stated:
“They have beaten my expectations. We will need to have another look at our gaming revenue forecasts for the full year on the back of this. I would be surprised if gaming revenue growth reaches this level until maybe October. Five out of the last six years we have seen a decline in June versus May. Obviously this year has the benefit of Galaxy Macau.”
The Chinese government has also urged extra caution regarding Macau’s gambling industry, fearing that the resort will fail to diversify against becoming a purely gambling destination.
They are perhaps concerned with the cautionary example of Atlantic City, which failed to expand beyond pure gambling and is now paying the price. In the future, Macau will also likely face increasing competition from regional competitors such as Singapore, Vietnam and Taiwan.
Nonetheless, considering the size and rising affluence of the  Asian market, there still remains a huge untapped potential for Macau which will likely be seeing its monthly revenue records broken for some time to come.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this