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Its survey found the aggregate of market-wide wagers reached HK$12.8m.
Macau.- Citigroup’s November survey observed premium mass wagers of HK$12.8m (US$1.64m), an 11 per cent increase compared to January 2024. There were 636 players observed, a rise of 19 per cent.
The survey observed 24 whales (players with bets of HK$100,000 per hand or more), versus 27 a year ago. The average wager per whale reached HK$195,000 (US$25k). That’s an increase of 37 per cent in year-on-year terms.
Citigroup said Sands China was the leading Macau casino operator in its January premium mass survey, noting that it holds approximately a 28 per cent share of the industry’s observed wagers. Galaxy Entertainment Group was estimated to have around a 27 per cent market share.
Citigroup’s analysts indicated that Wynn Macau appears to have lost some share of the overall premium mass wager, likely because of significant renovation work at Wynn Encore, referring to the Wynn Macau property located in the downtown area of the Macau peninsula.
Citigroup projected that Macau’s gross gaming revenue (GGR) for January will reach MOP19bn (US$2.38bn), averaging MOP613m (US$76.7m) per day. The figure would be 76 per cent of 2019 levels.
Although GGR for January alone would be down 2 per cent year-on-year, analyst George Choi said that GGR for January and February combined could reach MOP40bn (US$5.01bn). That’s a rise of 6 per cent year-on-year.
Citigroup said that its forecast “neutralises the impact of the timing of Chinese New Year” and the Golden Week that will take place from January 28 to February 4. Analysts further said the January projection also reflected a slower travel period leading up to Chinese New Year, which usually happens about two weeks before Golden Week.
Choi explained that the expected 2 per cent decline in year-on-year terms for January is due to the timing of the Spring Festival travel rush, a time that is typically quieter for Macau.
See also: Macau shares gross gaming revenue results in 2024
Its survey found the aggregate of market-wide wagers reached HK$12.8m. Macau.- Citigroup’s November survey observed premium mass wagers of HK$12.8m (US$1.64m), an 11 per cent increase compared to January 2024. There were…
