Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi: Concert Events to Help Ease GGR Decline; Jun Forecast at MOP19B Kept
Recommend 14 Positive 19 Negative 9 |
||||
|
||||
|
According to industry data, Macau's GGR for the first 14 days of June is estimated to have reached approximately MOP9 billion, Citi said in a research report. Average daily revenue was about MOP586 million, down around 20% from the average daily level of approximately MOP729 million in May this year, and also about 16% lower than the roughly MOP700 million average recorded in the first week of June, which is believed to be owing to the commencement of the World Cup matches. VIP volume during the period shrank by about 15-18% MoM, while Mass GGR lost by approximately 10-13% MoM, the report, citing industry sources, noted. Citi said that, looking ahead, venues such as Galaxy Arena and The Londoner Arena will host concerts, which are expected to help relieve the potential decline in GGR. The broker maintained its June GGR forecast at MOP19 billion, representing a YoY downfall of 10%, implying an average daily GGR of about MOP625 million for the remainder of the month. 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
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
