<div id="readability-page-1"><div>Citi said in a research report that during the first two days of the Labour Day Golden Week, inbound visitor arrivals to Macau exceeded 200,000, comparable to the peak days of the Lunar New Year earlier this year. According to its premium mass gaming survey, total observed betting volume during the Labour Day holiday reached HKD23 million, the second highest in 2026, only 6% lower than the Lunar New Year level. The data suggest that Macau remains one of the most popular travel destinations for Mainland tourists during Golden Week.The report noted that GALAXY ENT (00027.HK) -0.820 (-2.473%) Short selling $62.45M; Ratio 21.221% ranked first in its VIP mass survey, accounting for 29% of total observed betting volume, while SANDS CHINA LTD (01928.HK) -0.300 (-1.838%) Short selling $46.30M; Ratio 43.612% ranked second with a 26% market share. Citi believes both companies benefit from having the largest hotel room portfolios in Macau and hosting concerts during the Labour Day holiday, which helped attract visitors. The bank also observed 58 whales in this survey, the highest number since the start of 2026, including one whale of the month who wagered HKD730,000 in the Chairmans Club at Wynn Palace. Citi also released its May survey on minimum bets for mass baccarat in Macau, showing that the overall average minimum bet in Macau was flat YoY at HKD2,310.Citi added that all six Macau operators have recently launched new side bets for baccarat approved by the Gaming Inspection and Coordination Bureau (DICJ). The bank estimates that the house edge for these bets is as high as 16% to 18%, significantly above the 1% for traditional banker/player bets, and expects them to gain rapid popularity and provide additional growth momentum for Macaus GGR. In terms of minimum bets, the average minimum bet across five casinos under SANDS CHINA LTD rose 22% YoY to HKD2,431; GALAXY ENTs flagship property Galaxy Macau increased 8% YoY to HKD2,810; and Melco Resorts &amp; Entertainment Limited (MLCO.US) saw a slight 1% YoY increase to HKD2,548. In contrast, WYNN MACAU (01128.HK) -0.080 (-1.411%) Short selling $3.56M; Ratio 25.752% and SJM HOLDINGS (00880.HK) -0.010 (-0.485%) Short selling $1.98M; Ratio 35.825% recorded YoY declines in their average minimum bets.This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</div></div>

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Citi's report indicates that Macau's VIP mass betting during the first two days of the Labour Day holiday reached HKD23 million, the second highest this year, with GALAXY ENT and SANDS CHINA LTD leading market shares at 29% and 26%, respectively. Inbound visitors exceeded 200,000, similar to Lunar New Year levels. The report also highlights new side bets for baccarat, which could enhance Macau's GGR, and notes a rise in average minimum bets across several casinos. Overall, Macau remains a top destination for Mainland tourists during Golden Week.

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Citi: Macau VIP Mass Betting in First Two Days of Labour Day Holiday Hits Second Highest This Year; GALAXY ENT  and SANDS CHINA LTD Lead Market Share