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Macau Gross Gaming Revenue Falls 8.5% in November
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Macau’s gross gaming revenue has declined 8.5% to MOP$22.88 billion (US$2.84 billion) in November 2019. But the result was met with some positivity by analysts, who noted that early estimates had November GGR declining by as much as 15%.
The monthly total amounted to an average daily revenue of MOP$763 million per day, which “wasn’t too bad considering that it was in line with seasonally solid 3Qs (MOP$770 million), despite disruptions from significant social unrest in Hong Kong as well as some visa control in Macau SAR towards the end of the month,” according to JP Morgan’s DS Kim, Jeremy An and Derek Choi.
VIP revenue is estimated to have fallen by around 25% compared with November 2018 levels with mass falling by between 5% and 7%. Macau’s GGR for the first 11 months of 2019 now sits at MOP$269.62 billion (US$33.44 billion), down 2.4% year-on-year.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau Gross Gaming Revenue Falls 8.5% in November
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Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), the Portuguese gambling regulator, has reported that the state’s iGaming operations brought in €54.1m ($60.3m) in revenue for Q3 2019, making it the seventh consecutive quarter of increased revenue.
The Q3 figures represent a 39.1% increase when compared with the revenue generated for the same period the previous year. The Q3 revenue was also up €5.8 million from what the online market took in the second quarter. For Q2, the Portuguese online gambling and betting market reported total revenue of €48.3 million.
The state’s gambling regulator also grossed €23.6 million in tax revenue from online gambling operations. During the same period the previous year, the tax contribution from the online gambling sector was just €6.4 million.
Online casinos contributed €28.2 million to the overall revenue, up €8.8 million from what it grossed during Q3 2018. Overall sports betting revenue generated by online sportsbooks in Portugal was reported €25.9 million. For Q2 2019, the sports betting operations generated €23 million in revenue.
Online sportsbooks in Portugal reported a total Q3 betting handle of €114 million. The majority of the bets were placed on football. The total betting handle in Q3 was up €1.9 million when compared with Q2 2019.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Portugal’s Online Gambling Revenue Increases in Q3 2019
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Coljuegos, Colombia’s gambling regulatory agency, has reported that the tax revenue from online gambling licensees grew 106.3% for the year ending October 31, 2019 to COP65.97bn ($19.6m), with total collections for gambling across all channels up 15.5% to COP617.21bn.
Retail bookmakers accounted for the bulk of tax revenue, bringing in COP377.25bn, 61% of the market, a 10.6% increase year-on-year. The SuperAstro Lottery followed, with a 14% share of the market, accounting for COP88.72bn of the total tax take, a 15.2% year-on-year increase.
Online operators’ COP65.97bn made up 10% of the market, though the channel’s growth was the fastest of any legal form of gambling. Baloto and Revancha lottery games made up 10% and 3% respectively, bringing in COP59.71bn and COP20.45bn, while their combined growth was 3.3%.
For the calendar year, the Colombian gambling market is projected to reach COP664.83bn, a 15.7% year-on-year increase. Money collected by Coljuegos is used to fund public healthcare in the country.
“Nothing is more satisfying than working for an entity in which everything we do helps to finance the health of more than 1.6 million Colombians a year,” Juan B. Pérez Hidalgo, president of Coljuegos said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Colombia’s Coljuegos Reports Strong iGaming Growth for 2018–19
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The leading gaming hardware and peripherals manufacturer ASUS Republic of Gamers (ROG) becomes a technical partner of EPICENTER Counter-Strike: Global Offensive (CS:GO) 2019. Tournament’s participants will be using ROG hardware and viewers will have an opportunity to test out upcoming gadgets. The playoff games are scheduled to take place on 21-22 December in Moscow’s “Crocus Expo” exhibition center.
- ASUS Republic of Gamers is a technical partner of EPICENTER Counter-Strike: Global Offensive series
- ASUS Republic of Gamers will provide its gaming laptops ROG Strix G GL731 to analysts; the visitors will have the newest gadgets of the updated 2019 line available for testing in the demo-zone
- The event’s playoffs are scheduled for 21-22 December in Moscow’s “Crocus Expo” exhibition center
Moscow, Russia, 13th December 2019 — the leader on the gaming hardware and peripherals market ASUS Republic of Gamers (ROG) becomes a technical partner of EPICENTER Counter-Strike: Global Offensive (CS:GO) 2019 series. The players will be using ROG products while the viewers will have a chance to test out new gadgets as part of the partnership agreement. Playoff games will be held on 21-22 December in Moscow’s “Crocus Expo” exhibition center.
“We’re excited about this new partnership with EPICENTER. Supporting gaming and esports events is our long-standing tradition. We will supply the participants of the event with the best PCs and monitors as a part of our partnership with Epic Esports Events,” commended Kirill Pogorelov, Head of ASUS PR.
“It would be impossible to host events of such scale as EPICENTER without the cutting-edge hardware. We welcome ASUS as our partners and we’re ready to establish a new connection channel with the audience”, noted Sergey Barkhudaryan, ESforce Holding Commercial Director.
ASUS Republic of Gamers will provide the analytics team with TOG Strix G GL731 gaming laptops packing powerful hardware and 144hz refresh rate screens per the partnership agreement.
Visitors of EPICENTER CS:GO 2019 will have the possibility to try out the updated 2019 line of gaming laptops, such as Zephyrus S GX502, Strix III G531, and G731. These devices boast amazing performance, sleek design, and lightning-fast displays with a refresh rate of 240hz – since CS:GO players value their frames so much. Furthermore, a brand-new gaming smartphone system ROG Phone II will be included in the reveal. The visitors will have the chance to witness the revolution in mobile gaming firsthand through the benefits of this system.
EPICENTER series group stage will take place 17-19 December 2019 with the grand final taking place 21-22 December in “Crocus Expo” exhibition center. The tournament’s prize pool is $500 000. Tickets and passes are available for purchase on the event’s official page, starting from 900 Rub. Three pass tiers are available: Global Elite, Global Nova, and Legendary Eagle.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: ASUS becomes a technical partner of EPICENTER CS:GO 2019
Portugal’s Online Gambling Revenue Increases in Q3 2019
Colombia’s Coljuegos Reports Strong iGaming Growth for 2018–19
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