Citigroup: Maintains its forecast for Macau's September gaming revenue at 20.5 billion patacas, expecting a year-on-year increase of 12%.
Citigroup maintains its forecast for Macau's September gambling revenue at 20.5 billion patacas, expecting a year-on-year growth of 12%.
Citi released a research report stating that, according to industry data, Macau's gaming revenue for the first six days of September may reach approximately 3.8 billion Macau patacas, with an average daily revenue of about 633 million patacas. This is about 10% lower than the average daily revenue in August, but still approximately 4% higher than last September's 610 million patacas. Looking ahead, Citi indicated that the hosting of multiple concerts and events in Macau is expected to drive a rebound in gaming revenue. The bank maintains its forecast for September's gaming revenue at 20.5 billion patacas, expecting a year-on-year increase of 12%.
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