A real entrepreneur is somebody who has no safety net underneath them.
—Henry Kravis
| INVITE FRIENDS! |
| World Cup over Macau casinos |
Financial records showed that Macau casino gross gaming revenue (GGR) grew by 12.5% to approximately MOP22.49b (US$2.81b) last month, a figure that was well below the 18% growth expected by analysts.
Macau’s losing GGR streak was caused by various reasons.
Gaming analysts noted that business volumes across Macau fizzled in the last week of June. Union Gaming said that casino players have stayed out of Macau to watch the World Cup in their homes. In addition, June is considered to be one of the toughest comps of the year. This fact led JP Morgan analysts DS Kim and Sean Zhuang to agree that Macau's June GGR result remained pretty decent and resilient.
| FEATURED VIDEO |
Andrew Klebanow: People still like to go to casinos and be entertained
In this interview with CalvinAyre.com’s Stephanie Tower, the Global Market Advisors senior partner offers a tip to casino operators on how to get young casino visitors to ditch their mobile devices.
| FROM COINGEEK.COM |
Stop the FUD: Mainstream media warns tokens may ‘go to zero’
While the mainstream media wants the public to believe that the cryptocurrency ‘bubble’ has burst, the general consensus is that the market is on the edge of an upcoming rally.
| GLOBAL ROUND UP |
| ASIA |
The Macau junket operator brought down its net loss to HKD50.7m (US$6.5m) from HKD988.5m ($126m) the previous year thanks to its businesses in Cambodia and Vanuatu.
| EUROPE |
Genting loses to Jocs for new casino in Andorra
The casino operator was disqualified from the bidding process after it failed to resolve issues surrounding its ability to secure the land where it hoped to build the casino.
Melco International rolls out the red carpet for ‘pop-up’ Cyprus casino
The $15m C2 Cyprus casino is one of the five casinos that Melco will open in the next few months as the construction of the €550m ($637m) City of Dreams Mediterranean (CDM) continues.
| NORTH AMERICA |
Stacy Papadopoulos, who has served as the association’s general counsel and senior VP of industry services, will serve as the interim CEO.
Unikrn has tapped Bittrex’s Bill Shihara to improve the accessibility and security of its digital token, UnikoinGold.
| FACT YOU NEED TO KNOW |
In 2004, British gambler Ashley Revell sold all of his possessions, including all of his clothes, and bet $135,300 on red for a single spin of a roulette wheel in Las Vegas and won $270,600.
| PRESS RELEASES |
New soccer betting tips site launched for Canadians
Longtime online betting tips provider Graeme McGaw has launched a new tips site catering exclusively to soccer fans.
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