Citigroup: Macau's March Gambling Revenue Exceeds Expectations, Projects April Revenue at MOP 21 Billion

Stock News04-02 15:28

Citigroup has released a research report indicating that Macau's gambling revenue for March 2026 reached MOP 22.612 billion, with an average daily revenue of approximately MOP 729 million. This represents a 15% year-on-year increase and is about 88% of the level recorded in March 2019. The figure is roughly 3% higher than the bank's forecast of MOP 22 billion and about 4% above the market consensus of MOP 21.8 billion. The report notes that this marks the third consecutive month in 2026 that Macau's daily gambling revenue has remained around MOP 730 million, demonstrating that gambling customers remain willing and able to spend despite geopolitical tensions in the Middle East and stock market volatility. The bank highlighted that Macau's event calendar for April remains robust, including concerts by Hong Kong singer Hacken Lee, Thai actor-singer Billkin, and mainland boy band T.O.P., as well as the Weibo International Entertainment Awards 2026. Citigroup conservatively projects that Macau's gambling revenue for April will reach MOP 21 billion, with average daily revenue of about MOP 700 million, implying an 11% year-on-year growth.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment