Golden Nugget Casino Destin Fl lion passengers per year. But while more people are visiting, the Macau tourism satisfaction rate declines. The Statistics and Census Service said fewer guests complimented their respective casino resort, and that could lead to slower growth in the year ahead. Bellagio Casino Stock Guwf After 2017’s 5. 4 percent visitor growth, the Macau Government Tourism Office is calling for one to three percent growth in 2018. Despite the visitor forecast, Fitch Ratings recently upgraded its 2018 gross gaming revenue (GGR) projections from 11 percent to 13 percent. Should that be achieved, Macau casinos are looking at a haul of about . 5 billion.

Expansion ContinuesAt the end of 2017, Macau was home to 116 hotels with 37,901 hotel rooms. That still pales in comparison to Las Vegas, which is home to nearly 149,000 rooms. But Macau continues to see its tourism footprint expand. nearest real casino The . 45 billion MGM Cotai recently opened, adding another 1,390 rooms to the enclave’s inventory. Sam S Town Casino Las Vegas Reviews Wjcm City of Dreams is set to add 780 rooms when its Morpheus Tower opens later this year. And The 13 is finally nearing its opening, though the . turtle lake casino win lob statement coushatta casino phone number 6 billion VIP-focused property will only have 200 suites.

Key Insights and Expert Analysis

On Friday, Playtech, the world’s biggest supplier of online gambling software, cited “significant headwinds” for its slow growth through 2017. Playtech founder Teddy Sagi has made a lot of money selling off big chunks of his online gambling software company over the last year. Apparently, he’s not the only one. caesars slots login Pthe star casino gold coast xmas lunchlaytech’s market cap has fallen by a quarter from an all-time-high in July 2017. downstream casino commercial 2019 Island View Casino Lazy River Wbwp Austria (Image: Financial Times)Chief among these was a typhoon approaching from Malaysia in the form of a government crackdown on online gambling operators. It mowed down Playtech’s client base in Malaysia, one of its primary Asian markets. admiral casino free voucher code Meanwhile, other gusts and gales buffeting the good ship Playtech included, curiously, the bitcoin investment craze. is there a casino in the wynn las vegas no deposit bonus casino codes 2021 Also cited were ongoing problems with the bingo site it operates for the UK’s largest tabloid, The Sun newspaper.

Playtech’s shares reached an all-time high in July 2017. At the time, its market cap was about . aliante casino yelp 6 billion but stock has plummeted by a quarter since it was forced to issue a November profit warning about the Malaysia situation. On Friday, it noted that its earnings were in line with the revised November forecast. It added that it had seen “no change” in Malaysia and now plans to reorient its business towards the regulated markets. riverwind casino promotions Crypto-Hype HitThe company said the hype around investment in cryptocurrencies was to blame for a “material” revenue dip last year. boulder station casino las vegas Over the past few years, Playtech has diversified into currency and futures trading via several acquisitions. Its contracts-for-difference trading service allows customers to speculate on underlying price changes in assets. sycuan casino gambling age

These include digital currencies, and Playtech said “crypto-hype” equated to a . 6 million hit in 2017. Doubledown Casino Buy Chips Ysfo Most of this came ithe star casino gold coast xmas lunchn the final quarter, when bitcoin rose by 320 percent in under three months. big fish casino real money Prices were going up significantly across many crypto instruments in what was very much a one-sided market with no proper hedging facilities available,” the company said. It now offers a fully-hedged bitcoin futures product but admitted there are no opportunities to hedge for other cryptocurrencies. chinook winds casino hotel lincoln city Playtech Losing at Bingo Playtech’s somewhat mysterious problems with its contract to run Sun Bingo, a gambling platform tied to the Rupert Murdoch-owned Sun newspaper, still persist. blackjack crown casino draftkings foxwoods casino They contributed to a “significant” loss in 2017. The company has blamed integration problems but said this week the situation “continues to improve,” adding that it is was in discussion with Murdoch’s NewsFor the full year to December 31, Playtech’s overall revenue rose 14 per cent to