Based on industry sources, Macau's GGR for the first 25 days of May may reach about MOP17.5 billion, which means that the daily average GGR for the week of 19-25 May will be about MOP686 million, up 16% from the previous week's daily average of around MOP593 million, according a research report issued by Citi Research. The broker considered the surge in GGR surprising, and decided to raise its GGR forecast for May 2025 from MOP21 billion to MOP21.25 billion (about 82% of the May 2019 level and a 5% YoY growth).Related NewsDBS Trims SANDS CHINA LTD (01928.HK) TP to $22.86 as Global Outlook Remains FluidCiti Research believed that the above surge in GGR is likely to be due to the newly opened Capella at Galaxy Macau. VIP volumes grew by around 25-30% MoM, while mass GGR inclined by about 10% MoM. VIP hold rate appeared to be lower than the previous week, but remained above normal.