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2026-11-10 12:34:19 Citi released a research report stating that, according to industry sources, Macau's GGR in the first eight days of November may have reached approximately MOP5.2 billion, implying average daily GGR of about MOP650 million, down 8% from the average daily GGR of approximately MOP703 million in Nov 2025, and also 3% lower than the average daily GGR of about MOP672 million in the last six days of Oct this year, indicating that the weakness in Macau's GGR has yet to show a clear recovery. The bank said industry sources indicated that VIP betting volume fell about 5% to 7% MoM, while mass-market GGR dropped about 6% to 8% MoM. VIP win rate also appeared slightly above the normal level. Citi believed that recovery in Macau's GGR run-rate may take longer to materialize. However, the TXT concert at Galaxy Arena and the "2026 Super Concert: Singers Return" at The Venetian Arena may provide some support for visitor arrivals and gaming demand. The bank maintained its Nov GGR forecast unchanged at MOP20.5 billion (down 3% YoY), implying average daily GGR of about MOP693 million for the remaining days of the month. (ad/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese 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. | |