www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Macao Oct gambling records best rise in 2012

(China Daily) Updated: 2012-11-02 13:26

Gambling revenue in Macao rose a better-than-expected 3.2 percent in October year-on-year, buoyed by a week-long holiday on the Chinese mainland that enabled cash-rich mainland gamblers to bet in the world's largest casino market.

October's revenue of 27.7 billion patacas ($3.5 billion) was the strongest monthly figure so far this year. Analysts had forecast growth in the tiny gaming enclave to be up around 2 percent during the month.

While the data could provide a short-term boost for the market, the outlook is still overshadowed by slowing economic growth of the Chinese economy that could weigh on revenues going forward.

The former Portuguese colony, one hour from Hong Kong by ferry, is the only place in China where people can legally gamble at casinos.

Slower economic growth in the Chinese mainland and heightened political scrutiny as the country prepares for a generational power shift have kept many wealthy mainland gamblers away from Macao's baccarat tables.

Spending by mainland's expanding middle class has kept overall gambling revenues from dropping significantly, but growth rates have fallen substantially over the past six months.

Macao's economy, one of the world's fastest growing last year, is heavily dependent on the casino industry. The sector contributes around 40 percent of gross domestic product.

Visitor levels have continued to trend downwards with September registering a 0.2 percent year-on-year decline, magnifying competitive pressure among the six casino operators, including Las Vegas operator Steve Wynn through his unit Wynn Macao.

In October, the Macao government approved land concession contracts for the Chinese arm of MGM Resorts, MGM China, and local player SJM Holdings. A swathe of new casino resorts is set to open starting in 2015.

China's National Congress of the Communist Party starting Nov 8, where China's new political leaders will be appointed, may help create more certainty for Macao's VIP market, said Gabriel Chan, director at Credit Suisse in Hong Kong.

Junkets - companies that advance credit to wealthy gamblers and help them circumvent currency controls - had cut the amount of credit issued to gamblers due to delays in recouping loans and sluggish demand from gamblers.

Chan said junkets may now feel more confident to resume lending after the political transition is complete.

Reuters

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩亚洲欧美理论片 | 高清大学生毛片一级 | 日本欧美一区二区三区片 | 亚洲毛片免费视频 | 亚洲视频在线观看一区 | 久草视频新 | 日韩精品久久久久久 | 久久久久久免费精品视频 | 国产日韩精品一区在线观看播放 | 日韩国产成人精品视频 | 玖玖精品视频在线观看 | 精品国产一区二区三区www | 久久亚洲精品中文字幕亚瑟 | 白嫩美女直冒白浆 | 成人a级高清视频在线观看 成人a毛片 | 欧美一区二区三区免费不卡 | 一区二区三区四区在线播放 | 亚洲男人在线 | 亚洲精品一二三 | 久久精品呦女 | 日韩精品免费一区二区三区 | 老司机精品福利视频 | 综合视频在线 | 日韩毛片欧美一级a网站 | 中文字幕视频免费在线观看 | 久久精品国产欧美日韩99热 | 国产精品a人片在线观看 | 国产日韩精品欧美一区视频 | 99久久99久久久99精品齐 | 中文字幕在线不卡 | 亚洲一区二区欧美 | 久揄揄鲁一二三四区高清在线 | 欧美一级特黄aa大片在线观看免费 | 可以免费观看欧美一级毛片 | 国产精品jvid在线观看 | 亚洲欧美卡通成人制服动漫 | 国产成人咱精品视频免费网站 | 欧美视频在线观在线看 | 久久高清一级毛片 | 久久毛片免费 | 俄罗斯aa毛片一级 |