---
title: "Under the banner of \"Big Banks,\" the forecast for February's gaming revenue in Macau has been revised down to 20 billion Macanese Patacas"
description: "Goldman Sachs lowered its forecast for Macau's February gaming revenue to MOP 20 billion, expecting revenue of approximately MOP 8.8 billion for the first 15 days, with daily gaming revenue down 26% c"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276406360.md"
published_at: "2026-02-20T02:49:33.000Z"
---

# Under the banner of "Big Banks," the forecast for February's gaming revenue in Macau has been revised down to 20 billion Macanese Patacas

> Goldman Sachs lowered its forecast for Macau's February gaming revenue to MOP 20 billion, expecting revenue of approximately MOP 8.8 billion for the first 15 days, with daily gaming revenue down 26% compared to January. Analysts believe the slowdown in revenue is affected by seasonal factors and low win rates in VIP rooms. The betting volume in VIP rooms is expected to drop by 18%-20% month-on-month, while mass gaming revenue is expected to decline by 15%-17% month-on-month. It is anticipated that daily gaming revenue for the remaining days of this month needs to reach MOP 862 million, with a combined gaming revenue forecast for January and February of MOP 42.6 billion, representing a year-on-year increase of 12.2%

Citigroup published a research report indicating that Macau's gaming revenue for the first fifteen days of February may reach approximately MOP 8.8 billion, meaning that the average daily gaming revenue for the previous Sunday was about MOP 543 million, which is about 26% lower than the average daily gaming revenue of approximately MOP 730 million in January, and also about 13% lower than the average daily gaming revenue of approximately MOP 625 million for the first eight days of last February.

Citigroup believes that the slowdown in average daily gaming revenue may be due to seasonal factors before the Lunar New Year and the low win rate in VIP rooms. The bank cited industry data indicating that the betting volume in VIP rooms fell by about 18% to 20% month-on-month, while mass gaming revenue decreased by about 15% to 17% month-on-month, reflecting a low win rate in VIP rooms. Citigroup has currently revised its forecast for February's gaming revenue from MOP 20.5 billion to MOP 20 billion, representing a year-on-year increase of about 1%, which means that the average daily gaming revenue for the remaining days of this month needs to reach approximately MOP 862 million. The bank's forecast for the combined gaming revenue for January and February is MOP 42.6 billion, representing a year-on-year growth of 12.2%

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.