Month Macau Casino Revenues Down for Third Straight

Month Macau Casino Revenues Down for Third Straight

Macau casinos’ gaming revenues were down for the 3rd consecutive month in August. (Image: TripAdvisor.com)

Macau casino revenues might not be as dazzling as in years past, but the Chinese enclave is in no risk of losing its position once the world’s gambling hub that is largest. In terms of pure revenues, nevada along with other metropolitan areas simply can not compete with the tremendous levels of money that are thrown around at Macau’s baccarat tables each day. But with regards to what seemed like the growth that is endless the area, it appears that the party could be over.

For the third right month, Macau’s gaming revenues fell on a basis that is year-over-year. For August, the drop was 6.1 percent when compared to 2013, a tumble blamed on a continued campaign against corruption that has hurt the movement of cash from mainland China.

Raw Numbers Still Good, But Growth Has Stopped

That fall defintely won’t be making the gambling enterprises in Macau cry poor anytime quickly, though. They still earned 28.9 billion patacas ($3.6 billion) the thirty days. But analysts had predicted just a 2 % decrease in gambling profits, making the size of the decrease something of a surprise at significantly more than 3 x that number.

The casino market in Macau has typically relied heavily on VIP gamblers who might spend hundreds of thousands or even millions of dollars in a single see. That market is feeling the strain of a anti-corr

Fremont Street Draws More Tourists and More Cops

Fremont Street Draws More Tourists and More Cops

The growing popularity of Las Vegas’ downtown Fremont Street area has required more police presence also. (Image: lasvegastours.onboardtours.com)

As Las Vegas continues to jump straight back through the downturn that is economic with the Strip posting its fifth annual revenue increase in a row, Sin City’s Fremont Street area downtown is experiencing a renaissance also. In fact, the regeneration that is recent of Street and its environs is attracting so many visitors, Metro Police are being forced to rethink the direction they police the whole city of Las Vegas.

‘ We were really focused on Las Vegas Boulevard [the Strip] for many years because that’s where we were seeing the infusion of people,’ Sheriff Doug Gillespie told Metro’s Fiscal Affairs Committee this week. ‘ nevertheless the dynamics have changed downtown. Now a lot more people are planning to come downtown on a more regular foundation.’

It’s not simply that the individuals are coming there in droves; the nature that is very of tourism has changed, too. While the area surrounding ‘Glitter Gulch,’ as it used to be known back in Elvis’s day, was once a little rough around the edges, it is now learning to be a hub of art and culture. Bail bondsmen and pawnbrokers were at the least somewhat changed with galleries and clothing that is vintage, since well pubs, clubs and restaurants.

Millennials Descend

This means that, in short, folks are spending less time into the

Rory McIlroy Win Pays off Ten-Year-Old Bet for His Father

Rory McIlroy Win Pays off Ten-Year-Old Bet for His Father

Rory McIlroy’s British Open win paid off a bet that is big their father.

Rory McIlroy’s win on the weekend at the 2014 Open Championship (perhaps better called the Uk Open) ended up being huge for the young golfer’s job. It absolutely was his 3rd major championship, making him only the third player to win three majors by the age of 25, joining a couple of guys it’s likely you have heard about: Jack Nicklaus and Tiger Woods.

But the win may even have been larger for McIlroy’s dad and a couple of his buddies.

When McIlroy putted away on the 18th green at Hoylake, he fulfilled a bet that had been made by their father Gerry and two friends over a decade ago. In 2004, Gerry McIlroy placed a bet on his son, then 15 years of age, to win the British Open by the time he was 25 (or put another way, before he turned 26).

Ladbrokes was happy to take the £200 ($341) bet, and even gave the elder McIlroy odds that are 500-1. After all, as talented as young Rory might be, he was a long distance of from being capable of winning one of the earth’s golf tournaments that are biggest.

McIlroy Covers Bet on Final Opportunity

But a funny thing took place over the decade that is next. McIlroy didn’t just turn into a professional golfer, but he became probably the best player of his generation. Soon he had been a perennial threat to win the Open, and those 500-1 were looking extremely generous. Still, heading into the other day’s

Brand New Jersey Regulators: ‘We Can’t Make Casinos Stay Open

 Brand New Jersey Regulators: ‘We Can’t Make Casinos Stay Open

Caesars intends to close the Showboat in Atlantic City on August 31; three other brand New Jersey gambling enterprises may also be shutdowns that are facing. (Image: Atlantic-City-Guidebook.com)

With four Atlantic City casinos potentially shutting this year, many within the city also greater nj-new jersey are understandably shocked. Keeping those gambling enterprises open just a longer that is little help soften the blow a little giving employees and officials more time to arrange for the future. But while that would be nice, state officials state they can’t force those casinos to stay in operation if the properties want to shut down.

New Jersey state casino regulators have said while they wait to see if new buyers can be found that they cannot force two casino owners to stay open for an additional four months. The two casinos, the Showboat and Trump Plaza, are both anticipated to shut come july 1st.

Private Business Decision

Last thirty days, State Senator James Whelan, along with Assemblymen Vince Mazzeo and Chris Brown, had asked the New Jersey Casino Control Commission (NJCCC) to force both of those casinos to stay open for a number of months past their intended closing dates. But, NJCCC Chairman Matthew Levinson wrote right back earlier this to say that determining a closing date is a decision that belongs to those businesses alone, and sits far beyond the commission’s authority month.

‘ The commission si