In "The Big Banks," Citigroup expects Macau's March gaming revenue to grow by 9.7% year-on-year to MOP 21.6 billion

Citi published a report indicating that Macau's total gaming revenue in February increased by 4.5% year-on-year to MOP 20.6 billion, exceeding the previously revised market forecast by 1%, but lower than the bank's expected 7.4%. Although total gaming revenue was weak from February 16 to 18, the data for February showed a strong end, with the average daily total gaming revenue reaching MOP 1.053 billion from February 23 to 28, suggesting a solid start for March.

The bank expects Macau's total gaming revenue in March to grow by 9.7% year-on-year, reaching MOP 21.6 billion, equivalent to an average daily gaming revenue of MOP 696 million. The bank's forecast for March is 3% lower than the market forecast. Galaxy Entertainment (00027.HK) and MGM China (02282.HK) remain the bank's preferred stocks