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<Research>Citi Maintains Forecast of 18% YoY Growth in MO Jan GGR
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According to industry sources, Macau's GGR for the first eleven days of January may have reached approx. MOP8.05 billion, Citi Research issued a research report saying. This implies an average daily run-rate for the previous week of about MOP693 million, which is approx. 13% lower than the run-rate for the first four days of the month (around MOP800 million per day). In Citi Research's view, it is not surprising that the run rate normalized after the long New Year weekend, and this figure is still about 18% higher than that in January 2025 (around MOP589 million per day). Based on industry sources, VIP volumes increased by about 6-8% MoM, while mass GGR grew by about 8-10% MoM. The VIP hold rate appears to be slightly lower than the level of the first four days of the month. AASTOCKS Financial News Website: www.aastocks.com |
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