Citibank: Macau's casino revenue in the first week of December increased by 27% year-on-year. Conservative forecasts predict a 21% increase for the full month.

Citibank released a research report stating that, according to industry sources, the total gaming revenue in Macau for the first seven days of December was about 5.2 billion Macau Patacas (MOP), or an average of about 743 million MOP per day, an increase of about 6% from November and about 27% from the same period last year. The bank believes that the event held at the Galaxy Entertainment Group on December 6th will help drive a strong start to December. Specifically, VIP gaming volume increased by about 6 to 8% month-on-month, while the mass market increased by about 5 to 8%; and the win rate in the VIP rooms remained relatively stable. The bank conservatively maintains its forecast for total gaming revenue in December unchanged at 22 billion MOP, equivalent to a year-on-year growth of 21%, accounting for 96% of November 2019, implying that the daily gaming revenue for the remaining time this month is expected to be about 7 billion MOP.