Despite Postive Outlook, Sands’ Second Quarter Revenue Falls to 35% Because of Asian Market
It’s no secret that Macau and Singapore are two of the most viable gaming hubs available for establishing casinos. However, mere positivity can only get one so far as the Sands owner, Sheldon Adelson, was just discovering this week when his company had reported that their revenues were taking a hit this second quarter when their profits fell a steep thirty-five per cent, way below what their in-house management had expected when they started this year on a very bright outlook.
Some pokie analysts were quick to point out how a number of factors may have contributed to the decline in profits; according to Adelson, it was because of “lower hold” on table games and the unexpected shift of Singapore to impose stricter restrictions on the nation’s gaming policy.
However, other sourced were said to have claimed that it was also because of other unmitigated circumstances as to why things have fallen this low for the company: other than decreasing annual revenues at the flagship Venetian hotel in Las Vegas, some staff were also wary of the “abnormally high” frequency of winnings at the gaming tables in the Venetian Macau; from a 2.68 per cent rate in the last quarter, the figure has almost doubled to 4.36 per cent.
On the other hand, the company can’t exactly say that they didn’t know what hit them. As Gregg Klein, an analyst for Imperial Capital, had pointed out, “Macau growth is slowing down a little bit and there is increased competition.” He also pointed out that the latest project undertaken by the company, the Sands Cotai, “has taken longer to ramp up than anyone expected, including them."
As of this last trading week, the shareholders for the Sands were explicably wary of the whole news. Their share prices dropped to about 5.84 per cent—or about $2.19 in monetary value—and finally settling to a price of $35.32 a share.
Nevertheless, Adelson still remains bullish about their financial prospects for the rest of this year. “One quarter does not a trend make. Anybody who thinks that the cultural habits of the Asian people is changing because of ... one reduction in the hold, even though it amounted to over $100 million at the top line, anybody who thinks that this is a change of culture is just missing the boat,” he said to reporters after the announcement of the news.
So, anyone still looking for a spin in Macau by this point? For more pokie news around the world, please visit Online Pokies Australia.
Scratch Cards from Playtech
Scratch cards are one of the miscellaneous games offered at some reputed online casinos. It is a very simple game where you 'scratch' the spots drawn on the card to reveal the hidden symbols. If you are able to obtain the required number of symbols that needs to be matched, then you win and consequently, receive a payout. The payout that you receive is based on the multiplier normally associated with the hidden symbols you uncover. One casino provider which offers scratch cards in the online casinos it powers up is Playtech. Aside from offering the normal scratch card games, Playtech also developed several variants of the game with interesting tweaks.
One innovation that Playtech applied in one set of scratch card games is that each scratch card game is based on popular online casino games. One such game is Beetle Bingo which is based on the casino game bingo. The bingo balls are depicted to be colored beetles with numbers etched on their backs. Before the game begins, the beetles are seen to be inside one jar. You need to shake the jar to start. The lid then opens and a total of 15 beetles move out of the jar and line up. In the scratch card game based on Beetle Bingo, the symbols are hidden beneath three sets of leaves. To reveal the symbols, you need to 'remove' the leaves. You are then going to see three sets of five numbers, each offering payouts. You win the game if every number in the set matches the numbers on the beetle's backs. Another mode of playing this game is to employ the Scratch All feature. This can be done by clicking on the Scratch All button. In this feature, the symbols on the scratch card are revealed first. Afterwards, the beetles with number on their backs come out of the jar consecutively. The card is then marked while you watch.
Another scratch card game based on a popular casino game is Blackjack. From its name, it is a scratch card game based on Blackjack. As with the standard game, your goal is to beat the dealer's hand with your own hand that consists of two cards. The game starts when you click on the Deal button. The scratch card screen is seen with three spots for your hand and one spot for the dealer's. One spot consists of a faced up card and a faced down card. The faced down card is the symbol you need to scratch to reveal what is underneath. Once you scratch your faced down cards, the payouts that come alongside them are also revealed. Afterwards, you also scratch the dealer's faced down card. The payouts you receive are based on the number of hands which exceed the value of the dealer's and the indicated amount under these hands.
Another scratch card game from this set developed by Playtech is Classic in online pokies, which is based from the most popular casino game, pokies. In the scratch card screen, three pokie machines are displayed. You need to scratch on the pokie machines to reveal three symbols on a payline and the corresponding payout. If the three symbols match, then you get the payout indicated.