Macau casinos lose out to China lottery during World Cup

    Lotto sales that included World Cup betting in China rose to an all time high of RMB 3.6 billion ($5.8 billion) in June 2014, 1.7 times more than casino revenue in Macau according to a report by Bloomberg. An analyst at Nomura Holdings, Louise Cheung, said that lottery sales were a convenient gaming option with more platforms, constrained only by the range of games that people can bet on. The Sports Lottery, which accounted for 43 percent of total sales, allows customers to bet on sporting events such as the World Cup, though the word “guess” is used rather than bet. Recent restrictions on transit visas and a crackdown on the use of UnionPay debit cards in Macau have negatively impacted VIP revenue in the territory.