Macau records in May
June 5th, 2011 at 12:32:38 AM
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Macau, China, 2 Jun - For a fourth consecutive month, Macau ’s gaming industry has set a new monthly gross revenue record, The Macau Post Daily reports today.
According to official figures released by the Gaming and Inspection Bureau (DICJ) Wednesday, the casino sector’s gross receipts reached a record 24.3 billion patacas (US$ 3,03 billion) in May, up 42.4 percent year-on-year.
Last month’s record revenues generated by casinos’ games of chance exceeded those for the whole of year of 2002, which stood at 22.18 billion patacas.
Month-to-month, May’s gross receipts rose 18.5 percent.
Analysts attributed last month’s record takings also to the opening of Galaxy Macau in Cotai on May 15.
In the first five months, the casino sector’s gross takings amounted to 103.3 billion patacas (US$ 12,91 billion), an increase of 43.1 percent on the same period of last year.
The sectors’ record receipts in the first five months nearly reached those for the whole year of 2008, which stood at 108.7 billion patacas.
The sector comprises 34 casinos, 20 of which are owned by SJM, six by Galaxy Casino, three each by the Venetian Macau and Melco Crown Jogos (Macau), and one each by Wynn Resorts ( Macau ) and MGM Grand Paradise.
At the end of the first quarter, the number of gaming tables and slot machines stood at 4,853 and 13,787, respectively.
In the first four months of the year, the gaming industry paid 27.8 billion patacas in direct gaming taxes, up 46.8 percent year-on-year, according to the Finance Service Bureau (DSF).
Gaming taxes accounted for 84 percent of the government’s total income between January and April.(MacauNews/Gaming
From Macau News 03 June 2011
According to official figures released by the Gaming and Inspection Bureau (DICJ) Wednesday, the casino sector’s gross receipts reached a record 24.3 billion patacas (US$ 3,03 billion) in May, up 42.4 percent year-on-year.
Last month’s record revenues generated by casinos’ games of chance exceeded those for the whole of year of 2002, which stood at 22.18 billion patacas.
Month-to-month, May’s gross receipts rose 18.5 percent.
Analysts attributed last month’s record takings also to the opening of Galaxy Macau in Cotai on May 15.
In the first five months, the casino sector’s gross takings amounted to 103.3 billion patacas (US$ 12,91 billion), an increase of 43.1 percent on the same period of last year.
The sectors’ record receipts in the first five months nearly reached those for the whole year of 2008, which stood at 108.7 billion patacas.
The sector comprises 34 casinos, 20 of which are owned by SJM, six by Galaxy Casino, three each by the Venetian Macau and Melco Crown Jogos (Macau), and one each by Wynn Resorts ( Macau ) and MGM Grand Paradise.
At the end of the first quarter, the number of gaming tables and slot machines stood at 4,853 and 13,787, respectively.
In the first four months of the year, the gaming industry paid 27.8 billion patacas in direct gaming taxes, up 46.8 percent year-on-year, according to the Finance Service Bureau (DSF).
Gaming taxes accounted for 84 percent of the government’s total income between January and April.(MacauNews/Gaming
From Macau News 03 June 2011
June 5th, 2011 at 1:20:11 AM
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I posted this story along with some speculation on how it might affect the upcoming presidential race.
Sheldon Adelson is back in place as the 5th richest American (probably to move up to 4th based on these recent returns) with a personal net worth of over $20 billion. His corporation is building yet another Macau casino, along with the discussions on building casinos in Europe, Korea, or Japan. He may yet ascend to the level of the "big three" of 'Warren Buffet', 'Bill Gates', and 'Larry Ellison'. In any case, Adelson could be a single issue voter, with his issue being his adamant opposition to a two state Palestine. With Obama publicly supporting that position, Adelson could single handedly match the billion dollars that Obama will raise without any danger of going hungry before he dies.
Although you can't contribute those kinds of sums to a candidate, you can form a think tank and produce your own commercials.
Point of procedure: The Wizard has asked that we not post entire articles in the forum. I am trying to quote a few key sentences, and then provide a link as reference.
Sheldon Adelson is back in place as the 5th richest American (probably to move up to 4th based on these recent returns) with a personal net worth of over $20 billion. His corporation is building yet another Macau casino, along with the discussions on building casinos in Europe, Korea, or Japan. He may yet ascend to the level of the "big three" of 'Warren Buffet', 'Bill Gates', and 'Larry Ellison'. In any case, Adelson could be a single issue voter, with his issue being his adamant opposition to a two state Palestine. With Obama publicly supporting that position, Adelson could single handedly match the billion dollars that Obama will raise without any danger of going hungry before he dies.
Although you can't contribute those kinds of sums to a candidate, you can form a think tank and produce your own commercials.
Point of procedure: The Wizard has asked that we not post entire articles in the forum. I am trying to quote a few key sentences, and then provide a link as reference.
