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2024-05-13 12:17:42
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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.8 million from table drop and 4 million from VIP rolling chips. But that’s another story altogether....
The volatility of the game is low, meaning players will most often pick up a lot of smaller wins to keep feeding their bankroll in hopes of the bigger feature wins, which can be substantial. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect. But the overall economic downturn in the Chinese economy may well be more of a force ionline slots philippinesn the year-end numbers....
Although efforts have been madeonline slots philippines 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 seen on the 2014 year.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....
But the overall economic downturn in the Chinese economy may well be more of a force ionline slots philippinesn the year-end numbers.This small sample should corelate directly to 2014 profit or loss if the drop is solely attributable to VIP gamblers, but it doesn’t.Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance....
