Macau: China’s gambling mecca desperately needs to diversify

Also, visas are in short supply, and some gamblers are upset by a new ban on smoking on playing floors. but longer term investors should not abandon ship,” the analysts said.

But now gamblers are staying away for several reasons. The neighboring island of Hengqin, which is much larger in size than Macau, has caught Beijing’s attention as a prime development and diversification opportunity.

Related: Macau’s gambling industry dwarfs Vegas

The unexpected decline has set off alarm bells in Macau: Despite continued warnings, the territory has failed to diversify its economy beyond gambling, putting it at risk of an industry downturn.

Should the good times resume, Macau would do well to invest the profits wisely.

Wynn Macau is building a 15,000 seat arena. When the industry booms and tax revenue jumps, residents — most of whom are employed in the business — receive payouts from the government. “Headwinds will persist …

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During a December visit, President Xi Jinping encouraged Macanese leaders to expand beyond gambling and promote “appropriate diversification.”

“This is of great importance for the interests of the people of Macau,” Xi said. Casinos in Cambodia, Vietnam and the Philippines are all working hard to attract Chinese gamblers.

Looking ahead, analysts at CLSA expect Macau’s casino revenue to stabilize in the first half of 2015, and rebound in the second half of the year. It is also the only place in China where gambling is legal.

CNNMoney (Hong Kong) First published January 21, 2015: 9:06 PM ET

by Charles Riley   @CRrileyCNN January 21, 2015: 9:06 PM ET

The decline accelerated through the end of 2014, culminating with a 30.4% revenue drop in December compared to the previous year.

The gambling dependence has drawn attention from the highest levels of Chinese government.

More than 80% of government revenue comes directly from the casinos.

Some developers have taken note, and are planning new malls and theaters. The idea is to offer guests a more complete resort experience.

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Macau, like Hong Kong, is a Special Administrative Region of China.

Related: Macau trumps Vegas with huge minimum bets

The obvious starting point is for Macau to boost its entertainment and leisure options, which lag far behind the glitz, glam and family fun offered in Vegas. Shares in the major casinos fell by 30% to 40% in just six months. The average minimum bet at non-VIP tables is around $250 — far beyond the reach of casual gamblers. An intense anti-corruption campaign underway in Mainland China has made them wary about visiting casinos.

As is, baccarat is the prime attraction in Macau, totaling more than 90% of casino game offerings.

But more could be done, especially as other regional gambling destinations take aim at Macau. Since 2002 its casino industry has grown into a $45 billion heavyweight, roughly seven times bigger than Las Vegas

Online Sport Book Gambling by Darren Dunner

This will give you a better idea of their services and help you select the site accordingly.

Finding a secured and a reliable Sport Betting Site

Online sport book gambling enables bettors to bet on various sports competitions including golf, football, basketball, baseball, hockey, soccer, horse racing and boxing. Some bet on sport book just for fun and excitement. Online sport book gambling has become a source of living for may people all over the world and they consistently seem to make money by beating the house.

Considering the number of sport betting sites on the web it is difficult to select the best one of the lot. Some bet on their favorite sport just to make the game more exciting no matter what the point spread may be.

Online sport book gambling means different things for different people. · It is very important to increase your knowledge about the sport game you are betting into. The winning amount is paid to the bettors on the completion of the sport event or if not completed, when played long enough to become official, otherwise all bets are returned. This makes it very much important on your end to find a safe place to bet. It is important on part of the bettor to read the rules and guidelines of the sport books carefully before placing their bets. . More basically people bet on sport books to make money. There is every chance that you might come across scams sites, full of liars who only want to make money. Today there are nearly around 150 licensed sports books in the United States, all located in Nevada casinos.

Online sport book gambling is soon becoming popular with the invention of the Internet over the last decade or so. Make sure to do a proper research on the game in order to make more money. Though online sport book gamblers cannot see each other physically, they all thrive on the numerous bets taken online.

· Always use the trial program offered by the sport book website to try their services for a day or two. Online sport book gives gamblers an opportunity to be a part of dozens of bets within seconds

Global Online Gambling Benchmarking Study – 2016/2017 Edition – Research and Markets

8 Profit before tax

Part 5 – Player/customer-related benchmarks

- In-depth mobile gambling focus – We have added still more analyses of

the mobile gambling business in order to cover the full range of

relevant mobile KPIs

1 Introduction

10 Staff costs

Part 7 – Marketing-related benchmarks and analyses

16 Betting-related benchmarks

19 Casino games/offers – product benchmarking

What’s new in the 2016/2017 edition:

- In-play/live betting benchmarks, such as in-play/live betting’s share

of total revenue, in-play/live betting gross revenue margins

- More product-related topics and benchmarking – Growth potential for

selected products, benchmarking of product offers, such as number of

football bets, casino games, lotto and numbers games

For more information about this report visit http://www.researchandmarkets.com/research/wbkzkq/online_gambling

- Expense/costs benchmarks and margins, such as marketing, staff costs

- Analyses of financial results, such as EBITDA, EBIT, including

comparison of margins.

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Online

Gambling Benchmarking – 2016/2017 edition” report to their

offering.

18 Casino games revenue breakdown

12 Active players/customers

- Geographical analyses, such as the level of internationalisation and

geographical diversification.

Related Topics: Online

Gambling

6 EBITDA

- Twitter

- Facebook

21 Social marketing benchmarks

Part 6 – Product-related benchmarks

4 Revenue growth

Key Topics Covered:

- Google

Part 4 – Expenses/costs benchmarks

- Player/customer-related benchmarks, such as active player development,

ARPUs, churn rates

22 SEO benchmarking – which operators are doing the best job in SEO?

5 Revenue related benchmarks

11 Research and development

Part 3 – Key financial results benchmarks

- Revenue growth benchmarks are broken down by products/verticals.

- Current data and KPIs as well as historical data back to 2007 – Our

benchmark analyses are based on the most recent data and KPIs and also

trace long-term developments as far back as 2007.

17 In-play/live betting benchmarks

25 French online gambling market

- More marketing benchmarks – Social benchmarks (e.g., number of

Facebook Likes and Twitter Followers, …), SEO benchmarks (e.g., Google

ranking analyses), affiliate marketing benchmarks (e.g., top 30 online

gambling advertisers/brands on affiliate websites)

Part 8 – Regions and regulated markets analyses

26 Danish online gambling market

20 Lotto, numbers games, – product benchmarking

Part 2 – Growth benchmarks

14 Churn rate of active players/customers

3 Mobile gambling in the spotlight

The report offers a comprehensive analysis and benchmarking of key

performance indicators (KPIs), key business figures, relevant margins,

and much more to enable executives in the online gambling industry to

improve both controlling and operations.

- Mobile business benchmarks, such as mobile share of total online

business,mobile share of total online casino/gaming business

9 Marketing

The report offers unprecedented insights into the industry:

7 Operating profit / EBIT

Companies Mentioned

Part 1 – Online gambling trends and hot topics

23 Affiliate marketing benchmarking

- Product-related benchmarks, such as product/vertical split,

cross-selling, breakdown of betting revenues by type of sport

15 Overview, comparison, and growth development

13 Revenue per player – ARPUs

2 Key trends and topics

- Strategic issues – Strategic topics, such as overall industry climate,

trends

24 Overview and comparison of regulated markets