Macau’s casino revenues in November rose 2.6% year-on-year to hit USD 966 million, snapping a decline for the second consecutive month since September, the South China Morning Post reported citing unofficial data. According to the report, the figure represented a 15% decline from a month earlier. Macau booked casino revenues of USD 1.1 billion last month and USD 900 million in September...

Government revenue collection from the casino clubs in terms of Betting and Gaming Levy has seen a rapid increase from USD 509,380 in 2003 to USD 2,5 million in 2006 according to information provided to Parliament last week. Information was revealed to the House by Deputy Finance Minister Ranjith Siyambalapitiya in response to a question by UNP MP Ravi Karunanayake in this regard.

The latest report of the Government Watchdog’s Office on the income of the gaming sector in Panama indicate a collection of USD 819.9 million between January and September 2008, that represent a growth of 20.2% on the same period last year. According to the head of the Gambling Control Committee in Panama (JCJ), Raúl Cortizo Cohen, “the success of the activity is due to the strong presence of international players in the country”.

Pennsylvania’s young casinos are competing quite well against the big boys. Comparing ’gross terminal revenues’ in October with those from October 2007, Pennsylvania casinos are slightly ahead, about 3 %. When Pennsylvania officials legalized slots parlors in mid-2004, some skeptics wondered how Keystone State casinos could ever compete with glitzier, better-known gambling meccas such as Las Vegas and Atlantic City.

Despite a nationwide economic slowdown, Louisiana’s state-licensed casinos won nearly USD 208 million from gamblers in October, an increase over the same period last year, state police reported Tuesday at a Louisiana Gaming Control Board meeting in Baton Rouge. Revenue was up for the year at all New Orleans-area casinos except Harrah’s New Orleans, the state’s only land-based casino.

Macau (Reuters) - On Macau's dusty Cotai strip, the cranes at the Las Vegas Sands' construction site stand idle at dusk atop the half-finished husks of three massive towers, while weary batches of construction workers, laid-off en masse, stream out of the site's turnstiles, many for the last time. After a golden streak since 2002, which saw Macau transformed from a sleepy former Portuguese colonial backwater into a Las Vegas-style gambling paradise, Macau's luck may be running out.

Gaming revenues in the 12 states with commercial casinos have tumbled 2.5 % through the first nine months of 2008 and the trend worsened as the year progressed. That was the bleak outlook painted by AGA CEO Frank Fahrenkopf Jr. as the Global Gaming Expo is taking place at the Las Vegas Convention Center. Fahrenkopf said most of the show’s break-out sessions will address the global and national economic crisis and how it is impacting casino operators and gambling equipment manufacturers.

New York legislators want to tap casino gambling for greater revenues, but the requirements of passing a state constitutional amendment make the opening of new casinos unlikely anytime soon. So Governor David Paterson and some lawmakers are considering changing rules for existing video lottery machines and slots at racetracks. Current regulations require racinos to operate no more than sixteen hours a day, or one hundred twelve hours per week.

With USD 7 billion worth of casino projects on indefinite hold and gambling hall revenue plunging for the second straight year, new Mayor Lorenzo Langford has lots to do and little time to do it. Langford, a former casino dealer who served as mayor from 2002 to 2005, is back in City Hall again for at least the next year. He took office this week amid a painful financial climate that has already seen hundreds of casino workers laid off, gamblers flee to slots parlors in Pennsylvania and New York...

Gala Coral is streamlining its operations ahead of the likely impact of the economic downturn on casino, bingo and betting revenues, and has told staff that up to 200 jobs may be affected. Its five divisions will be pared back to three, with bingo and casino merging and Coral betting shops being bracketed with its Eurobet equivalents in Italy. Dominic Harrison, who replaced Neil Goulden as chief executive in September, said that while trading was satisfactory...

New York (AP) -- Shares of Trump Entertainment Resorts Inc. continued to drop on Tuesday after the New Jersey Casino Control Commission reported that Atlantic City gambling revenue dropped 10 percent in October. Trump shares fell 6 cents, or 11.1 percent, to close at 48 cents Tuesday, after touching an all-time low of 47 cents earlier in the session. The stock has traded between 50 cents and USD 6.65 during the past 52 weeks. Since the beginning of the year, Trump shares have lost 87 percent of their value.

Secretary for Economy and Finance Francis Tam Pak Yuen, said he was confident that gross monthly gaming revenue could stay around USD 892 million, a level that would enable the six operators to stay in the market. Tam told reporters he expected the fourth quarter or the first quarter of next year would mark the beginning of a downward trend in gaming revenue. For the second consecutive month, in October gaming revenues dropped more than 3% compared with the same period last year.