Citigroup maintains its forecast for Macau's September gaming revenue at MOP 20 billion

Citigroup published a research report indicating that industry survey data shows that Macau's gaming revenue for the first seven days of September may reach approximately 4.45 billion Macau Patacas (the same below), which means an average daily gaming revenue of about 636 million.

The bank stated that due to the recent start of the school year, coupled with September being a seasonally slower month for gaming revenue, the continued moderate performance of gaming revenue is expected. The bank maintains its September gaming revenue forecast at 20 billion, expecting a year-on-year growth of 16%, reaching 91% of the level in the same period of 2019, which also means that the average daily gaming revenue for the remaining days of this month is expected to be 676 million