Citigroup Revises Down Macau's June Gaming Revenue Forecast to MOP 18.75 Billion Amid World Cup Impact

Stock News06-23 11:22

Citigroup has issued a research report adjusting its forecast for Macau's gross gaming revenue in June. The report states that, according to industry sources, the estimated gross gaming revenue for the first 21 days of June reached approximately MOP 13.2 billion. The average daily run-rate stands at around MOP 600 million, representing a decline of roughly 18% compared to the daily average in May (approximately MOP 729 million). However, this figure is about 2% higher than the rate observed during the week of June 8th (around MOP 586 million). This trend is largely consistent with observations from the bank's latest gaming table surveys.

The bank attributes part of this trend to the ongoing FIFA World Cup, which it believes is diverting a portion of the betting budgets typically allocated by Macau's gambling patrons. Industry sources indicate that VIP rolling chip volume has decreased by approximately 16% to 19% month-on-month, while mass market gross gaming revenue has declined by about 12% to 15%. The VIP win rate appears to be higher than the previous week.

Reflecting these updated gross gaming revenue trends, Citigroup has revised its forecast for June 2026's gross gaming revenue downward from MOP 19.0 billion to MOP 18.75 billion, which would represent an 11% year-on-year decrease. This revised projection implies that the average daily gross gaming revenue for the remainder of the month would need to reach approximately MOP 617 million to meet the new target.

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However, this figure is about 2% higher than the rate observed during the week of June 8th (around MOP 586 million). This trend is largely consistent with observations from the bank's latest gaming table surveys.<br><br>\nThe bank attributes part of this trend to the ongoing FIFA World Cup, which it believes is diverting a portion of the betting budgets typically allocated by Macau's gambling patrons. Industry sources indicate that VIP rolling chip volume has decreased by approximately 16% to 19% month-on-month, while mass market gross gaming revenue has declined by about 12% to 15%. The VIP win rate appears to be higher than the previous week.<br><br>\nReflecting these updated gross gaming revenue trends, Citigroup has revised its forecast for June 2026's gross gaming revenue downward from MOP 19.0 billion to MOP 18.75 billion, which would represent an 11% year-on-year decrease. This revised projection implies that the average daily gross gaming revenue for the remainder of the month would need to reach approximately MOP 617 million to meet the new target.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citigroup Revises Down Macau's June Gaming Revenue Forecast to MOP 18.75 Billion Amid World Cup Impact</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitigroup Revises Down Macau's June Gaming Revenue Forecast to MOP 18.75 Billion Amid World Cup Impact\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-23 11:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Citigroup has issued a research report adjusting its forecast for Macau's gross gaming revenue in June. The report states that, according to industry sources, the estimated gross gaming revenue for the first 21 days of June reached approximately MOP 13.2 billion. The average daily run-rate stands at around MOP 600 million, representing a decline of roughly 18% compared to the daily average in May (approximately MOP 729 million). However, this figure is about 2% higher than the rate observed during the week of June 8th (around MOP 586 million). This trend is largely consistent with observations from the bank's latest gaming table surveys.<br><br>\nThe bank attributes part of this trend to the ongoing FIFA World Cup, which it believes is diverting a portion of the betting budgets typically allocated by Macau's gambling patrons. Industry sources indicate that VIP rolling chip volume has decreased by approximately 16% to 19% month-on-month, while mass market gross gaming revenue has declined by about 12% to 15%. The VIP win rate appears to be higher than the previous week.<br><br>\nReflecting these updated gross gaming revenue trends, Citigroup has revised its forecast for June 2026's gross gaming revenue downward from MOP 19.0 billion to MOP 18.75 billion, which would represent an 11% year-on-year decrease. This revised projection implies that the average daily gross gaming revenue for the remainder of the month would need to reach approximately MOP 617 million to meet the new target.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0203347892.USD","symbol_name":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","start_time":0,"source_url":"","article_id":"1162281105","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162281105","pubTimestamp":1782184948,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Citigroup has issued a research report adjusting its forecast for Macau's gross gaming revenue in June. 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The report states that, according to industry sources, the estimated gross gaming revenue for the first 21 days of June reached approximately MOP 13.2 billion. The average daily run-rate stands at around MOP 600 million, representing a decline of roughly 18% compared to the daily average in May (approximately MOP 729 million). However, this figure is about 2% higher than the rate observed during the week of June 8th (around MOP 586 million). This trend is largely consistent with observations from the bank's latest gaming table surveys.\nThe bank attributes part of this trend to the ongoing FIFA World Cup, which it believes is diverting a portion of the betting budgets typically allocated by Macau's gambling patrons. Industry sources indicate that VIP rolling chip volume has decreased by approximately 16% to 19% month-on-month, while mass market gross gaming revenue has declined by about 12% to 15%. The VIP win rate appears to be higher than the previous week.\nReflecting these updated gross gaming revenue trends, Citigroup has revised its forecast for June 2026's gross gaming revenue downward from MOP 19.0 billion to MOP 18.75 billion, which would represent an 11% year-on-year decrease. 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