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Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area.3 million to 0 million, and City of Dreams made 3.5% growth target for the first time since 1999 – when China shined like a star in the dark night of the Asian financial crisis....
4% lower than the same quarter in 2013.The government crackdown on corruption, which may be rampant in many elements of Chinese business, has definitely driven high stakes players from the tables, giving operators more than a nudge to diversify their top-heavy VIP dependent business model.8 million from table drop and 4 million from VIP rolling chips....
Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area.Yggdrasil Gaming offered a full release of their new innovative 40 payline Draglings video slot on December 17th. But that’s another story altogether....
The Chinese economy is vast and complicated, and as far as we can know the part of the corruption crackdown that stymied the junkets could be a shakedown that will mysteriously evaporate as soon as the Big 6 in Macau show some interest in neighboring Hengqin. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect. Complete financials for 2014 are not available yet, so we will need to speculate a bit based on overall numbers, and we’ll leave it to readers to form their own opinions....
Here are the dismal numbers – The stocks of the six casino concessionaires in Macau saw an average drop of 40% in 2014.We have to keep in mind the government motto of, “One Country Two Systems” because the money that flows into Macau comes from the mainland.1 million and VIP (rolling chip) revenue of 2 million....
