Endorsed by Gambling911

Macau Gambling Revenue Surges to $23B in 2010

Written by:

Guest

Published on:

Jan/03/2011

HONG KONG — (Associated Press) - Macau's government says casino gambling revenue surged by more than half in 2010, solidifying its rank as the world's biggest gambling market.

Data posted on a government website Monday showed that casino revenue totaled 188.34 billion patacas ($23.52 billion) last year. That's 57.8 percent higher than the 119.37 billion patacas reported in 2009.

Macau's economy has boomed after a casino monopoly was broken up nearly a decade ago and the market opened up to foreign operators. The former Portuguese colony on the southern coast of China is now the world's most lucrative gambling market. Macau is the only place in China where gambling is legal and casino profits have been boosted by high-spending gamblers visiting from the Chinese mainland

Business/Financial News

US Recession Betting Odds Give 60% Chance for 2025

Bettors on prediction-market startup Kalshi are assessing the chances of the U.S. economy entering a recession this year at 70%.

Odds on Tariffs - Betting Markets

Facing a global market meltdown, Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.

Bet on Will the Dow Jones Close Below 30,000 at Market Close Any Time in April

The people who set probabilities for a living are not painting a pretty picture for financial markets.

Looking for the best Pay Per Head Website?

The pay per head service has come to stay, as a great alternative for bookies who want to clear away from having to deal with the hassle and expense of having to establish their own land based operation but want to enjoy the benefits of having their own professional online presence.

Odds of a Recession in 2025 Shoot Up to 60 Percent at Betting Markets

U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.