The average wage per player has offset a drop in player numbers.
Macau.- Citigroup’s latest survey of Macau casinos observed that premium mass wagers rose 3 per cent year-on-year despite an 18 per cent decline in player numbers. Average wager per player increased 27 per cent year-on-year to HK$24,550 (US$3,150), up from HK$19,389 (US$2,490) in September 2024, more than offsetting the decline in player volume.
Premium mass wagers during the survey amounted to HK$12.3m (US$1.58m), 3 per cent higher compared to the prior year. The survey recorded 500 premium mass players, down from 610 in September 2024.
Analysts George Choi and Timothy Chau wrote: “Perhaps because we conducted our September 2025 survey right after school started, the number of premium mass players seen fell 18 per cent year-on-year.”
They added: “However, the 27-per-cent year-on-year increase in average wager per player – a metric to measure player quality – more than offsets it, translating to a 3-per-cent year-on-year increase in total premium mass wager observed.”
“We believe this is a sign suggesting a recovery even in grind mass,” observed Choi and Chau.
The survey observed 27 whales (players with bets of HK$100,000 per hand or more). The “Player of the Month” was spotted placing a bet of HK$2m (US$257,000) at the Venetian High Limit Area. This is the fifth time in the past six months that the Player of the Month exceeded HK$1m ($128,500) in wagers. Other whale sightings included a HK$400,000 (US$51,400) player at Wynn Palace’s Chairman Club and a HK$300,000 (US$38,500) whale at the City of Dreams High Limit Area.
Sands China ranked number one in Citi’s premium mass September survey, with a 35-per cent market share of wagers. Galaxy Entertainment Group ranked number two, while Citi said that MGM China Holdings could gain some market share via new marketing strategies.
The average wage per player has offset a drop in player numbers. Macau.- Citigroup’s latest survey of Macau casinos observed that premium mass wagers rose 3 per cent year-on-year despite…
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