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Citi Maintains Macau Oct GGR Forecast at MOP23B
2026-10-21 10:34:16
Citi published a research report saying that industry data showed Macau's GGR for the first 19 days of October is expected to reach about MOP14.1 billion, implying that average daily GGR for October 12-19 was about MOP613 million, down 16% from the average daily level of about MOP729 million during the week of October 5, but up 2% from the average daily level of about MOP602 million in Sep this year.

The broker said the 90-day transition period set by Chinese authorities for offshore trust tax filing will end tomorrow (22 Oct), and it expects GGR momentum to improve. In addition, upcoming concerts by Richie Jen and Grasshopper may provide additional support for GGR. The broker maintained its forecast for October GGR at MOP23 billion (down 5% YoY). (sl/u)~

AASTOCKS Financial News
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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.