Tuesday, 3 March 2015
A drop in the number of high rollers flying out to Macau has caused yet another a decline in revenue for Asia's gambling Mecca.
Despite still raking in $2.8 billion in February, that figure represents a 49% drop compared to January's haul.Not only that, but the decrease in revenues by the city's leading casinos is the ninth in a row and something that's beginning to cause some concern among industry insiders. Although some of the downswing has been attributed to an economic slowdown in neighbouring China, the other issue affecting spend is the crackdown on gambling junkets by China's President, Xi Jinping.Because Macau offers a legal gambling haven away from China's strict anti-gambling policies, high rollers from the latter have made regular trips across the water to ante-up over the last few years. This migration from China to Macau has been aided by so-called gambling junkets that arrange VIP trips for the rich businessmen.However, with Chinese authorities now cracking down on these illegal operations in an attempt to stem the flow of money out of the country, a curb has been put on the junkets. This, in turn, has led to less VIPs making the trip to Macau to play the highest limit table games and, significantly, cash games.Moreover, the players that have been visiting Macau have been gambling less than usual. According to reporters for Reuters, four of Macau's major casinos have been noticeably empty and VIP rooms have been virtually "desolate" in recent months.Although the revenue generated by Macau is still 7X that of Las Vegas, the downturn is certainly having an impact on both the casinos and the cash games. Over the last few months reports of big money cash games taking place in Macau have dropped significantly which would suggest that more players are now anteing up in Vegas.
Intertops Poker and Juicy Stakes are each about to kick off a second three-stage online satellite tournament series promising to award winners with prize packages into the upcoming Velden stop of the European Poker Championship.
Intertops Poker and Juicy Stakes are each about to kick off three-stage online satellite tournament series promising to award winners with prize packages into the upcoming Velden stop of the European Poker Championship.
Fans of the Oh Hell trick-taking game will soon be able to enjoy real-money competitions online after Hell Club announced that it will be launching its new Oh Hell Stackpot innovation from Sunday.
Tuesday is the deadline for all working Americans to have submitted their income tax returns to the federal government and Juicy Stakes and Intertops Poker are set to mark this annual occasion by holding a special freeroll competition featuring a $1,000 top prize.
Intertops Poker and Juicy Stakes cASINO are giving online poker players another chance to win their way to the Caribbean.
Win your way to the Caribbean in online satellites at Intertops and Juicy Stakes.
“We run a lot of higher stakes tournaments for our more hard-core players,” said Intertops’ poker manager. “But since our network is generally pretty soft, we created this series to give less competitive players a shot at winning.”
$200 GTD ‘East of Eden’ Poker Tournament Monday night at Intertops Poker will be a freezeout tournament with no re-buys or add-ons.
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