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<Research>Citi Drops MO Mar GGR Forecast to MOP22B
Based on industry data, Macau's GGR for the first 15 days of March might reach approx. MOP10.55 billion, implying an average daily GGR of about MOP700 million over the past wee...
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<Research>Citi Drops MO Mar GGR Forecast to MOP22B
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Based on industry data, Macau's GGR for the first 15 days of March might reach approx. MOP10.55 billion, implying an average daily GGR of about MOP700 million over the past week, Citi Research issued a research report saying.

The broker believed that, with several South Korean group concerts scheduled in Macau in the second half of March, local GGR is expected to rise YoY.

Related NewsCLSA Expects Apr Macau GGR +11% YoY to MOP20.9B; Top Picks Galaxy Entertainment (00027.HK) and MGM China (02282.HK)
The broker conservatively lowered its March GGR forecast from MOP22.5 billion to MOP22 billion, implying a 12% YoY increase, suggesting that the average daily GGR for the remaining days of the month will be approx. MOP716 million.

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