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GDP of 'Macau casino capital' falls by 50%

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01-10-2020 |  

Lockdown measures to contain the Covid-19 epidemic have had a major impact on macau's casino, hotel and tourism business.

Macau's statistics agency recently said the region's GDP in the first quarter of this year fell by 48.7 percent, the fifth consecutive quarter of GDP plunge. In particular, the number of tourists coming to Macau was also 68.9% less than the same period in 2019. The tourism and casino business – which accounts for a large proportion of the city's GDP – slipped 63.9% and 61.5% respectively.

Macau GDP jailed for 19 years

Macau's economy is heavily dependent on the casino business. Photo: Casio.org.

The cause came from lockdown measures prevented when the novel coronavirus pandemic – originating in Wuhan, China – broke out and spread throughout the world. Macau's economy is heavily dependent on casinos, so the plunge in revenue from casinos, hotels and the tourism industry is causing a major economic shock to the post-Covid-19 "black country."

Currently, Macau still restricts visitors from China due to fears of a re-outbreak of the disease. The order is expected to be lifted earlier this month, while the individual tourist visa program will be restarted shortly afterwards.

Bloomberg quotes Vitaly Umansky , senior analyst at Sanford C. Bernstein in Hong Kong, commenting on the future of the red-and-black economy. "There are not many prospects for macau's economy after the pandemic, especially as the Chinese are less in need of gambling due to the recession."

Meanwhile, experts at OCBC bank expressed optimism for the city's tourism industry. "Once the global blockades are lifted, the worst period for the Macau or Hong Kong tourism industry will end. No economy can recover and grow while still worrying about a second wave of infections," the experts stressed.

By Zing

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Before Covid-19, how luxurious were macau casinos?

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01-10-2020 |  

The hotel and casino complexes in the "Asian casino center" are designed and built massively, luxuriously with many high-class services.

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Grand Lisboa is a hotel and casino complex, located at 2-4 Avenida de Lisboa. This is the property of the gambling business Sociedade de Turismo e Diversões de Macau chaired by the late billionaire Ha Hong Yard. With its unique lotus doll-shaped architecture, this 258 m high building is considered the tallest building in the "red and black land". Photo: Casino.org.
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The casino area at grand lisbon hotel has more than 390 gaming tables and 880 slot machines open from 13-21h daily. The hotel has a service capacity of up to 400 rooms, in addition to a fashion shop, bar and other high-end services. Photo: Hungry Hong Kong.
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When visiting the casino capital of Macau, it's flawed not to stop by the MGM Macau resort , home to the country's top casinos. With an area of up to 26,500 m2, MGM is equipped with 1271 card machines and 427 gaming tables. Photo: Wall Street Journal.
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In addition to the gaming space, it also offers visitors the opportunity to experience the unique artwork on display along the resort's paths. When entering the hotel lobby, guests will not be overwhelmed by the magnificent inside. The unique lotus-shaped entrance will create more excitement for gamblers when coming to MGM. Photo: Culture Trip.
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As the first Las Vegas-style casino to appear in Macau, the sands slot area spreads over 23,000 square meters with about 200 gaming tables and over 1,000 slot machines. It is also one of the many destinations that attract a large number of gamblers when coming to Macau. Photo: Agoda.
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With a prime location in the city center, close to Macau/Hong Kong Ferry Terminal, Sands attracts more weekend visitors. Photo: Wall Street Journal.
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Inspired by the light capital with the Eiffel Tower, The Parisian is considered Macau's second most famous casino district with an observation tower atop the tower to enjoy panoramic views of the city. This casino area specializes in serving delicious and attractive French food. Photo: Trip Advisor.
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The casino area is designed with an area of 12,500 m2, with a capacity of 2500 slot machines and 400 gaming tables. This is probably an interesting destination for large "gamblers" in Macau as well as in the region. Photo: Agoda.
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Wynn Palace is one of macau's most luxurious casino and resort complexes. With an area of over 19,000 m2, about 350 gaming tables and more than 1,000 slot machines, Wynn was also chosen as a place of entertainment for gambling enthusiasts when coming to Macau. Photo: Time Out.
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In addition, Wynn Palace offers guests a luxurious, splendid space with a giant man-made lake. Every night, there is a water music program with many other high-class services. Photo: Agoda.
By Zing
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Việt Nam

Buy lottery tickets according to your child's date of birth, 2 times hit the jackpot of 48 billion

Posted on by Admin

01-10-2020 |  

Thanks to the secret to always buying lottery tickets with the same number of numbers combined with the date of birth of the children, a woman has twice won the jackpot with a total prize value equivalent to nearly VND 48 billion.

The lucky woman above is Shanika Miller, who lives in Durham, North Carolina, USA.

Ms. Miller just won the $2 million jackpot of the Powerball lottery. The number that brought the grand prize to Mrs Miller was a combination of her children's birth date.

Interestingly, this number helped Ms. Miller win $50,000 three years ago.

Sharing her lottery secrets with North Carolina Lottery officials, Ms. Miller said she always used her children's birthdays to buy lottery tickets. "I always buy lottery tickets with the same sequence of numbers. I never change numbers," Ms. Miller said.

Powerball lottery tickets.

Thanks to this perseverance, Ms. Miller won a $2 million (about VND 46 billion) jackpot in the Powerball lottery on April 4.

Mrs Miller was surprised by the award she had just won. "That day, I woke up around 6 a.m. and watched the winning announcement. I burst into tears. At first, I thought this could not be true. I kept checking the numbers over and over," Ms Miller recalled.

The combined number of children's births also helped Ms Miller win the $50,000 jackpot of a lottery in 2017.

Speaking about the plan with the winnings, Ms Miller said she would use part of the jackpot to buy her son a car. She would also buy the whole family a new home and pay all the family bills.

According to VietNamNet/UPI

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Hit the $2 million Powerball jackpot by buying a lottery ticket with your child's date of birth

Posted on by Admin

01-10-2020 |  

A woman in the U.S. won the $2 million jackpot of the Powerball lottery when she used the number sequence that helped her win $50,000 three years ago.

A lottery ticket for the PowerBall tournament in the United States.
UPI news agency reported on May 15 that the lucky woman to win the jackpot of the powerball lottery was Shanika Miller, who lives in Durham, North Carolina.
Mrs Miller said she used her children's birthdays to buy lottery tickets and luckily this time continued to smile at her.
"I always buy lottery tickets with the same number range. I never changed my number," Ms. Miller said of the "secret" to helping her win the jackpot.
It was this steadfastness that brought home a $2 million jackpot for Ms. Miller in the Powerball lottery on April 4.
According to Ms Miller, the combined number of children's births helped her win the $50,000 jackpot of a lottery in 2017.
Ms Miller added she would use part of the $2 million jackpot to buy her son a car.
"I'm going to buy a new house for my family and pay all the bills," said the woman who won the jackpot.

By Youth

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Chinese Casinos Mid-Season Covid-19 in the Philippines

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01-10-2020 |  

Covid-19 is still raging in the Philippines. Meanwhile, the country's government has allowed Chinese casinos to operate again as an "essential" industry.

Philippine President Rodrigo Duterte is working to gradually ease the Covid-19 blockade to facilitate economic growth again. Against this backdrop, the Philippine authorities allowed online Casinos operated by the Chinese to resume operations. This has generated fierce political opposition within the country.

President Duterte's administration has agreed to allow Chinese casinos to reopen in the Philippines during the current anti-Covid-19 social distancing period. Illustration: KT.

Overseas Gambling companies in the Philippines (POGO) are mainly operated by Chinese citizens. These facilities are now increasingly under scrutiny over allegations it is home to crime and social evils. But on the other hand POGO also contributes fees to the administration and in recent years has contributed to the acceleration of economic growth in the capital Manila.

The "Philippine Inter-Agency Task Force for Emerging Infectious Diseases" recently allowed POGO to operate again, with new conditions, including limiting the number of employees per shift, to test negative for Covid-19 before appearing at the casino.

In the past 2 months, the Philippines has imposed very strict anti-Covid-19 blockades. "Essential" industries such as food production, hiring external contractors … although allowed to operate, it must comply with strict limits as in the case of POGO.

Wave of protests against bias against Chinese casinos

As such, philippine President Duterte's administration has treated POGO as an "essential" profession and this has faced a political storm of protest as most Filipino businesses remain closed to implement months-long enhanced community quarantine measures.

In the Philippines, the post-China attitude is adding force. Last week, dozens of lawmakers, including Mr. Duterte's supporters, included public outrage in a new bill aimed at immediately banning POGO's on the pretentation of them creating a "social threat."

Top senators from various political groups have criticized the Duterte administration's seeming bias against Chinese-administered gambling websites.

The bill, led by Philippine House minority leader Bienvenido Abante Jr, attacks Chinese online casinos, treating it as "the source of unimaginable defeat."

This bill argues that it is impossible to justify the operation of those casinos with the amount of revenue derived from it because no matter how large that revenue is, it cannot compensate for the terrible harm to individuals, families and society in general.

The bill also accuses Chinese casinos of mocking Philippine laws on anti-money laundering, immigration, and taxes.

In early May, Philippine Senate minority leader Franklin Drilon expressed his determination to resume an independent commission investigation into POGO and the reopening of these casinos in the midst of the Philippines' ongoing covid-19 lockdown.

Veteran lawmaker Drilon also pledged to investigate the identities of those who had "licensed," thereby exposing allegations of corruption and unsusuped activity. The opposition MP also denounced Mr Duterte's administration as leaning towards China.

Senate President Vicente Sotto III has publicly questioned the Philippine authorities' treatment of Chinese online casinos as "essential" economic zones. This is an issue that many want Mr. Duterte to answer.

Controversy over economic benefits from Chinese casinos

Meanwhile, the Philippines' "business process outsourcing" (BPO) industry has objected to Philippine President Harry Roque's spokesman treating POGO as a form of business process outsourcing.

Rey Untal, head of a local trade association in the information technology sector, argues that Chinese casinos are not part of its BPO industry.

There is also debate about the extent of the economic benefits that POGO brings. According to the Internal Revenue Bureau (BIR, a tax agency in the Philippine Ministry of Finance), most POGO's are late to pay income tax and franchises, which have now reached about 50 billion pesos ($988 million).

Philippine Finance Minister Carlos Dominguez has warned that POGO service providers that want to operate must pay their total income tax debt in 2019.

In addition, the Philippines Anti-Money Laundering Council claims that Chinese-run casinos have been involved in at least $276 million in suspicious activities such as drug smuggling.

In recent weeks, the Filipino public has been unhappy with China itself, not just the issue of online casinos – an activity deemed illegal in mainland China itself and criticized by Beijing.

Amid a wave of vigilance against China, the Chinese Embassy in Manila released a video clip praising China as a good neighbor and a source of help during the Covid-19 pandemic.

The Philippine Television Radio Agency's "Wow China" radio show has been heavily criticized in recent days for playing the a-speak-called china clip.

Netizens of the Philippines expressed dissatisfaction, claiming that the authorities used people's tax money to broadcast Chinese propaganda on the national wave.

But Philippine President Duterte still stands up for these casinos. He said that POGO is clean and that despite being considered a casino, it brings jobs to about 20,000 people in Manila.

According to VOV

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