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<Research>Citi Raises GGR Forecast for May to MOP21B as GGR During May Day Golden Wk Beats
Macau's GGR is expected to reach around MOP5.1 billion during the Mainland's "May Day Golden Week" holiday (May 1 to 5) this year, with an average daily GGR of ab...
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<Research>Citi Raises GGR Forecast for May to MOP21B as GGR During May Day Golden Wk Beats
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Macau's GGR is expected to reach around MOP5.1 billion during the Mainland's "May Day Golden Week" holiday (May 1 to 5) this year, with an average daily GGR of about MOP1.02 billion, up 12% compared to the same period last year, beating expectations, according to a report from Citi.

Accordingly, Citi raised its GGR forecast for May from MOP20 billion to MOP21 billion, representing a 4% YoY increase and reaching around 81% of the level seen in May 2019. In other words, the average daily GGR is anticipated to hit MOP612 million for the remainder of May,

Related NewsM Stanley Expects MO May GGR to Stay Flat YoY, Sees Downside Risk for Casinos' Consensus EBITDA

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