Encore Casino Poker 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. free online slots konami 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. brian christopher slots app 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. Blackjack Online Tournament Sbtx But Macau continues to see its tourism footprint expand. aliante casino senior day The . 45 billion MGM Cotai recently opened, adding another 1,390 rooms to the enclave’s inventory. seminole casino giveaways City of Dreams is set to add 780 rooms when its Morpheus Tower opens later this year. cache creek casino bus from san francisco

Key Insights and Expert Analysis

And The 13 is finally nearing its opening, though the . live casino 168 6 billion VIP-focused property will only have 200 suites. live casino 747 On Friday, Playtech, the world’s biggest supplier of online gambling software, cited “significant headwinds” for its slow growth through 2017. online casino real money malaysia Playtech founder Teddy Sagi has made a lot of money selling off big chunks of his online gambling software company over the last year. kansas star casino buffet Apparently, he’s not the only one. Pslot casino winnerlaytech’s market cap has fallen by a quarter from an all-time-high in July 2017. free safe casino slot games river spirit casino 4th of july free slots machines with bonuses (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. River Spirit Casino Hotel Rtgm Meanwhile, other gusts and gales buffeting the good ship Playtech included, curiously, the bitcoin investment craze. 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 . The Hollywood Casino Hotel Ceys 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. red stag casino no deposit bonus codes october 2021 Crypto-Hype HitThe company said the hype around investment in cryptocurrencies was to blame for a “material” revenue dip last year. 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. These include digital currencies, and Playtech said “crypto-hype” equated to a . 6 million hit in 2017. poker casino calgary Most of this came islot casino winnern the final quarter, when bitcoin rose by 320 percent in under three months.

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. poker casino app It now offers a fully-hedged bitcoin futures product but admitted there are no opportunities to hedge for other cryptocurrencies. 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. They contributed to a “significant” loss in 2017. Borgata Nj Casino Online Qezs 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 2 million. Most of that growth occurred in admiral casino dalston