Macau premium mass volumes resilient during Labour Day holidays, Citi says

Analysts highlighted solid high-end demand.

Macau.- Citigroup analysts George Choi and Timothy Chau have reported that wagering activity in the premium segment in Macau remained resilient during the Labour Day holiday, while noting a tough comparison base from 2025. They said underlying demand and player quality remain intact, even if reported figures appear softer on a year-on-year basis.

Citi observed HK$23m (approximately US$2.94m) in premium mass wagers during its latest survey period, the second-highest sample observed in 2026 at 6 per cent below that recorded during Chinese New Year. However, the total was down 15 per cent year-on-year as the May 2025 sample had been boosted by two players who bet HK$4.1m between them, including a HK$2.9m wager. Excluding these, premium mass wagers and average spend per player would have been broadly flat year-on-year.

Choi and Chau highlighted a structural shift in revenue generation, with operators increasingly leveraging higher-margin products. In particular, side bets are emerging due to their higher house edge compared to traditional baccarat wagers, helping to offset volatility in volumes.

See also:

See also: Macau GGR rises 5.5% year-over-year in April

Analysts highlighted solid high-end demand. Macau.- Citigroup analysts George Choi and Timothy Chau have reported that wagering activity in the premium segment in Macau remained resilient during the Labour Day holiday, while noting a tough comparison base from 2025. They said underlying demand and player quality remain intact, even if reported figures appear softer on…