Citigroup Maintains March Gaming Revenue Forecast for Macau at MOP 22 Billion

Stock News03-24

Industry data indicates that Macau's gaming revenue for the first 22 days of March may have reached approximately MOP 15.6 billion. This suggests an average daily gaming revenue of about MOP 721 million over the past week, which is roughly 3% higher than the week of March 9 and about 14% higher than the same period last March. It is believed that concerts by ATEEZ at The Venetian Arena and by GOT7's Mark Tuan at the Studio City Event Center may have contributed to the stable average daily gaming revenue in Macau. The forecast for Macau's total March gaming revenue is conservatively maintained at MOP 22 billion. This implies an expected average daily gaming revenue of approximately MOP 711 million for the remaining days of the month.

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