Citigroup Slightly Lowers Macau March Gaming Revenue Forecast to MOP 22 Billion

Stock News03-17 14:46

According to industry data, Macau's gross gaming revenue for the first 15 days of March is estimated to be approximately MOP 10.55 billion. This implies the average daily gaming revenue over the past week was around MOP 700 million. The institution believes that with multiple concerts by Korean pop stars scheduled for the latter half of March, the local gaming revenue is expected to recover compared to the same period last year. Conservatively, the forecast for March's total gaming revenue has been adjusted downward from MOP 22.5 billion to MOP 22 billion. This revised estimate suggests a year-on-year increase of 12% and implies that the average daily gaming revenue for the remainder of the month will need to be approximately MOP 716 million.

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