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Soft Macau VIP possibly linked to Vegas upturn: analyst
Macau's recent slump in VIP gambling revenue may be linked to an increase in Chinese gamblers' baccarat play in Las Vegas, a note from Union Gaming Research LLC in the United States suggests. The latter could be linked to political problems in mainland China, the institute added.
The Nevada Game Management Board recently reported June 2014 game revenue for Clark County, including the Las Vegas Strip . The results showed that Bakara's winnings (less prize money) increased 155% year-on-year to about $134.2 million.
"We've now seen a strong baccarat game for the third consecutive month," says Union Gaming analyst Robert Shore's note.
"We think there is a correlation between the strength of recent Las Vegas high-end play and the weakness of Macau VIP play. Recent comments and channel checks show property in Las Vegas Strip growing Chinese visitors. This coincides with our argument that politics, not the economy, is the main driver of VIP softness in Macau," Mr. Shore added.
In early June, Japanese securities firm Nomura warned that the 2014 FIFA World Cup soccer tournament would pour cold water on demand for VIP gambling in Macau.
VIP sales fell 20% year-over-year in June, according to analysts. But if the weakness in the high roller sector continues into July (the competition ends on July 13), analysts will look at other factors.
Credit Suisse Group AG said in a note published in Hong Kong on July 21 that gross Macau game revenue for July was tracking a 3%- 5% on-year decline, judging by the average daily run rate for the first 20 days of the month.
In the three months leading up to June 30 in Macau, VIP's contribution to game totals dropped to 60%, according to data from Macau's Game Inspection and Coordination Bureau. The fall coincided with a widespread crackdown on corruption in mainland China. The actual crackdown began in the fall of 2012, but seems to have been strengthened recently. Mainland Chinese media say it includes greater scrutiny of spending by senior officials and senior managers at state-owned companies.
According to data from the U.S. National Travel and Tourism Administration, the total number of Chinese tourists visiting the U.S. increased 23 percent to 1.81 million in 2013. 파워볼사이트
"Drops are up 57.4% from 12.4% hold (which is 150 basis points below LTM [last 12 months average], but up 470 bps from the previous year," Union Gaming said in a June figure note from the Las Vegas Strip
He also added. "Looking at the recent average monthly volume, a holding swing of 100 bps could win or lose about $10 million in either direction. It's now the third straight month of strong bakara volume growth (+19.7% in April, +26.4% in May and +57.4% in June."
Morongo Casino Resort & Spa Opens
Judd Partnership for the Morongo Band of Mission Indians. Judd's design for the luxury resort was inspired by the project's location at the center of the Morongo Reserve in California's high desert valley, among its jagged mountains, winds and water canyons, and intense sunlight.
The new Morongo Casino Resort & Spa, which is almost four times bigger than the original Casino Morongo, will brand the destination as a high-quality, experience-based place and serve as a benchmark for design and development for the continuous diversification of the Morongo tribe. The place is nestled in one of the most awe-inspiring natural wonders of the world. The design vision is integrated with the spectacular experiences that nature already offers. This truly is a turning point for the hospitality experience," said Jon Jerde, founder and president of the Judd Partnership. Tim Magill, Judd's senior vice president and head of design, added, "By focusing on the dramatic scenery of the Morongo Reserve, we are working to create a unique place that celebrates the changing power of nature - a force that shapes the striking physical features of this place and energizes those who visit it."
Located 90 minutes east of Los Angeles, California, between the picturesque San Bernardino and San Jacinto mountain ranges, Judd's design concept for the 660,000-square-foot project is celebrated with the power to transform and shape nature. "The tribe's goal is to create a global resort that provides visitors a high-quality experience with a full range of entertainment and recreation for the whole family to enjoy," said Morongo Tribal Chief Maurice Lyons. "Judd's design concept is beautiful, unique, and will enhance desert paradise."
Morongo Casino Resort & Spa consists of a transition, transition, and oasis zone that features organic shapes, earth colors, landscaping, and natural materials. The transition zone extends across the site from the nearby highway 10 to the iconic Forte Ecoche. Once inside, the transition zone begins and expands It crosses the casino to the Oasis zone, an outdoor swimming pool area. Surrounded by mountains, the nearby oasis is complete with sandy beaches, cabanas, spas, and water slides. Likewise, drought-resistant landscapes become lush and richer as guests pass by
each district. 온라인카지노
The resort's focus is on the grand casino, with a perfect selection of the latest slots and table games. Theme restaurants, nightclubs, family attractions, and spa facilities will surround the casino. Located right next to the casino floor, the hotel tower will feature 272 standard rooms and 32 double bay suites, offering stunning views of the mountains and desert valleys. Additional luxury accommodations are provided in six casias, each with its own private water facilities overlooking the full oasis.
Scheduled to open in 2004, the new Morongo Casino Resort & Spa is adjacent to the hugely popular Desert Hills Outlet Center and landmark Hadley Fruit Orchards, which will provide year-round travel destinations for more than 10 million visitors already traveling to the area. Morongo Casino Resort & Spa's groundbreaking work comes amid a trend by tribal governments in India to offer world-class resorts that appeal to a wider range of travelers in the highly competitive hospitality industry. Hard Rock Cafe, a music and entertainment brand, has entered into agreements with tribes in Connecticut, Florida, and Mississippi to target its targets
young customers.
Philippine gaming company opens luxury casinos
Casino gaming company Philippine Play and Gaming Corp. is slowly getting into the business of delivering top-notch entertainment with the city of Los Angeles' new casino Philippine Pampanga, which recently opened with eye-catching architectural designs and sound leisure amenities.
Designed with the cultural influence of Kapampan, the new casinos have opened up for casino lovers as well as domestic and foreign tourists seeking alternative leisure options and sound entertainment. Complementing the luxurious design outside is the carefully designed interior. Grand sculptures, first-class Kapampan carpets, and stages for live entertainment are just a few of the new features.
With 39 game tables and 287 slot machines, the casino also boasts high-quality amenities such as a light tunnel, escalators on all floors, specially designed VIPs, and customer lounges. Built on the third floor, the entertainment center allows young guests to enjoy live music, some of the best performances in the country, and other exciting events.
Located within the Century Resort Hotel complex along MacArthur Highway in Galibago, Los Angeles, the casino Phillipsan is 10 minutes from the Clarkfield Duty Free Shop shopping area in Pampanga. 바카라사이트 추천
Mandalay Resorts CFO Announces Las Vegas
Las Vegas hotel and casino operator Mandalay Resorts Group reported on Tuesday that average overnight hotel room rates rose to an all-time high in the second quarter, exceeding the average rates just before the Sept. 11, 2001, attacks.
"We operate record room rates at five resorts regardless of the summer season. We beat the record we received in August 2001 and broke our previous record," Chief Financial Officer Glenn Schaefer said in a conference call after reporting the company's second-quarter earnings.
Schaffer said rising demand for hotel rooms, successful price increases, continued recovery in Las Vegas tourism and the opening of a convention center at the company's flagship Mandalay Bay resort in Streep, Las Vegas, helped raise room rates.
"Mandalay is one of the few companies in the consumer sector that is achieving organic revenue growth with price increases well above the U.S. economy's own growth rate," Schafer said.
The most dramatic increase in revenue per available room was at the Mandalay Resort in Streep, Las Vegas, which operates Mandalay Bay, Luxor and Excalibur hotels.
Mandalay Bay Resort Up 18% In Leppa And 14% In Luxor
In Excalibur, repairs are up 11%. 파워볼실시간
However, improvements were typically included in Las Vegas. "Our Nevada experience has definitely improved off-the-strip," said Shaffer
He explained that revenues at the company's Neve Circus Reno, Neve Hotel, and Silver Legacy Hotels, which are 50% owned by the company's Neve Legacy hotels in Reno, were slightly lower.
Shaffer expects the company's real estate average to rise by about 6% to 7% in August and a "double-digit" percentage point increase in September.
Mandalay's new 1,122 room towers are expected to cost an average of $220 a night, he added, but "if you look at how things are going, it could turn out to be a low number."
EPL single season league 'scores in double digits'
Leaving Tottenham Hotspur gave him a "honey-flavored rest."
On the 27th, Harry Kane 30, Bayern Munich uploaded a photo of himself enjoying a vacation on the beach with his family through his social networking service SNS.
It is unusual for Kane to take a leave in December. Kane played for Tottenham Hotspur for about 13 years from 2010. Early on, Kane gained experience by loan at Leicester City and Norwich City. After all, Kane was playing in the English league throughout his career.
The English Premier League gets busier in December. This is because of Boxing Day. Boxing Day, which means the day after Christmas, is a very meaningful day in England. However, the exception is the soccer league. The Premier League has a tradition of playing games on Boxing Day. Thanks to this, Premier League teams play many games tightly during the end of the year.
Kane was also not able to enjoy his December vacation thanks to his long time at Tottenham. However, Kane joined Munich through the transfer market last summer. Unlike the Premier League, the German Bundesliga has a winter break. Munich is also on a break after the match against Wolfsburg on the 21st. The next official game is against Hoffenheim in the Bundesliga, scheduled for January 13. 토토사이트 추천
Meanwhile, Kane has displayed remarkable performance since joining Munich. He has scored 25 goals and eight assists in 22 matches in all competitions. He is leading the goal tally with 21 goals in 15 matches in the Bundesliga.
Thanks to Kane's outstanding performance, Munich is chasing top buyer 04 Leverkusen. Having played one less game in the league, Munich is in second place in the league, four points behind Leverkusen.
