Draftkings Casino Sign In y license revocation. Macau gambling revenue saw its biggest year-on-year growth in almost four years in January. A gain of 36. golden palace casino.com 4 percent from the same period a year ago returned the enclave’s gaming economy to 2012 levels, while shattering analysts’ forecasts. Macau will have plenty to celebrate at the forthcoming Chinese New Year celebrations and will be hoping that the forthcoming Year of the Dog is as good as the Year of the Rooster has been. (Image: China. com. hard rock casino in florida cn)As the Year of the Rooster, 2017 certainly gave Macau’s casino operators plenty to crow about. cool cat casino slot games

Not only did the sector see stable mass growth, driven by its reinvention as a family friendly destination – a necessity during the 2014-16 economic slump – but the high-rollers were back too. In fact, the VIP segment was the biggest driver of growth throughout 2017, a phenomenon that apparently blindsided analysts. High Hopes for Lunar New YearJanuary completed a string of 18 consecutive monthly gains, confirming that Macau’s recovery is complete. It followed almost two years of plunging revenues as an anti-graft and ostentation crackdown, spearheaded by Beijing, scared off high-rollers and forced the sector to pivot to the mass market. Financials updates last week from Wynn Macau and Sands China revealed better-than-expected results in Q4, although Wynn’s stock has taken a bruising due to the sexual misconduct allegations directed at Wynn Resorts’ eponymous CEO. 2017 doubledown casino promo codes Error Code: 521 Smqa Denmark “Overall revenue trends8 ball pool online gambling in January have been healthy,” Daiwa Capital Markets analysts said in a note. “We believe this situation paves the way for a solid Lunar New Year period beginning in mid-February. ”The Chinese New Year period is traditionally a lucrative one for Macau’s casinos, and this year they’re expected to improve on the disappointing results of last year’s celebrations, as well as at the Golden Week Holiday in October. cashman casino tricks twin river casino covid 19

Key Insights and Expert Analysis

Notes of Caution on Macau Gambling RevenueNevertheless, analysts remain cautious in their forecasts for 2008. casino extreme bonus codes september 2021 river spirit casino slots With China still very concerned about containing capital flight, there could be a political reaction to VIP growth that could dent the VIP segment. Sanford Bernstein analysts said they believed VIP would decline later this year, leading to 8 percent growth for the gambling hub overall for 2018. Despite this, long-term prospects remain good, they said. black bear casino today Fitch Ratings was similarly conservative in its outlook in a note on Thursday. “Fitch’s cautious position on VIP reflects inherent volatility and the potential for an economic slowdown on mainland China,” said the analyst. “The housing market [on the mainland] continues to show signs of deceleration, with housing sales turning negative year-on-year for three consecutive months in fourth quarter 2017. Live Casino Table Games Uhvb In addition, credit conditions are tightening.

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