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Online Casino etted plenty of officials on the mainland and yes, a lot of the big money VIPs have hunkered down at home rather than take advantage of “less than legal” methods to contravene rules on the amount of money they can take with them and risk at the tables in Macau casinos. But there is more to the picture. Online Casino Although, by many indicators, the Chinese economy surpassed the US for world dominance by the Fall of 2014 [in terms of GDP based on purchasing power parity (PPP)] it is still anything but stellar in regards to health and vitality – showing weakness in many sectors. 21 Blackjack Movie Free The complicated Chinese economy is set to miss the government’s 7. Online Casino 5% growth target for the first time since 1999 – when China shined like a star in the dark night of the Asian financial crisis. 2014 factory output for December expanded at its slowest rate in 18 months, and new home prices are still stagnant or falling in more than 90% of the 70 most important cities in the country. Online Casino 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. Online Casino

And although all indications are that the rich are getting richer (precise numbers are impossible to come by because China’s elite do not disclose details to government statisticians) the top 1% are not the only contributors to the VIP tables. A shrinking, or less robust economy will certainly drive the numbers at the casinos. Online Casino Fair Go No Deposit Bonus Codes August 2022 Ioub Here are the dismal numbers – The stockslotsa slots earn money of the six casino concessionaires in Macau saw an average drop of 40% in 2014. Whereas in 2013 Melco Crown Entertainment Ltd. Online Casino , MGM China Holdings Ltd. , and Galaxy saw their stock prices double. Online Casino Online Casino So let’s take a look at some numbers – specifically to compare the mass gaming market, which by all indicators should be shrinking, with the VIP, or “rolling chip” market. Grand Rush Casino Australia

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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. Online Casino Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance. The Venetian Macau showed the best mass market to VIP balance of any Macanese concessionaires in Q3-2012 with mass market (table games only) revenue of 7. Online Casino 1 million and VIP (rolling chip) revenue of 2 million. Online Casino Whereas Wynn Macau reported a disparity of 1. Online Casino 3 million to 0 million, and City of Dreams made 3. Online Casino 8 million from table drop and 4 million from VIP rolling chips. Online Casino

This small sample should corelate directly to 2014 profit or loss if the drop is solely attributable to VIP gamblers, but it doesn’t. Online Casino Although efforts have been made to attract middle class gamblers across almost all properties from 2012 to 2014 (gambler visits were up from the mainland and down from Hong Kong in 2014) the wide gap in mass market revenue to VIP revenue has not shifted enough to account for the losses seelotsa slots earn moneyn on the 2014 year. Wynn Macau was the extreme exception and saw a Q3-2014 mass gaming revenue increase year to year of nearly 40% while VIP revenue on drop was 17. Online Casino Online Casino 4% lower than the same quarter in 2013. Sands China LTD had a January 6, 2014 stock price of . 8. That number plumetted to . Online Casino

14 by January 2, 2015 with a near even mix of mass market to VIP revenue at Venetian Macau compared to other concessionaires. Online Casino Australia Online Casino No Deposit Bonus Free Spins Evaq We might conclude along with other information that while the turmoil in Hong Kong drove down visitor numbers, a total increase in mass market gaming occurred in 2014 due to more visits from the mainland. Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect. 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. But the overall economic downturn in the Chinese economy may well be more of a force in the year-end numbers. Online Casino The Chinese economy is vast and complicated, and as far as we can know