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<Research>Citi Reduces MO May GGR Forecast to MOP22B
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Based on industry checks, Macau's GGR for the first 25 days of May may have reached approximately MOP17.9 billion, implying that the average daily GGR for the past eight days was about MOP656 million, down around 5% from the preceding week, Citi said in its report. Looking ahead, a three-night UFC Fight Night event will be held at Galaxy Arena in Macau at the end of May, which is expected to help boost gaming demand. To reflect the latest operating trends, the broker conservatively lowered its May GGR forecast from MOP22.5 billion to MOP22 billion, now expecting a YoY elevation of 4%. Based on the revised forecast, average daily GGR for the remaining days of this month is projected at about MOP683 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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