---
title: "\"Major Banks\" Citigroup: Macau's gaming revenue will seasonally slow down in March, Sands China becomes more attractive after the pullback"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280132768.md"
description: "Citigroup's research report pointed out that Macau's gaming revenue in March slowed down due to seasonal factors, but all categories still recorded steady growth. It is expected that the gaming revenue in the first quarter of this year will achieve a year-on-year growth of 13%. The bank is optimistic about the Macau gaming sector, preferring Galaxy Entertainment and WYNN MACAU, with target prices of HKD 54 and HKD 7.55, respectively. At the same time, it believes that Sands China has become more attractive after a recent stock price adjustment, with a target price of HKD 23, and has given it a \"buy\" rating"
datetime: "2026-03-23T09:14:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280132768.md)
  - [en](https://longbridge.com/en/news/280132768.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280132768.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280132768.md) | [English](https://longbridge.com/en/news/280132768.md)


# "Major Banks" Citigroup: Macau's gaming revenue will seasonally slow down in March, Sands China becomes more attractive after the pullback

Citigroup's research report indicates that Macau's gaming revenue performance in March has slowed compared to the Chinese New Year period, but this is mainly due to seasonal factors. On the other hand, data shows that all categories recorded steady year-on-year growth, including the average bet amount of high-end mid-tier players, the number of high rollers, and the minimum bet amount for mid-tier baccarat.

The bank believes that gaming revenue in the first quarter of this year is still expected to achieve low to mid-double-digit year-on-year growth for the third consecutive quarter, with an expectation of 13%; it remains optimistic about the Macau gaming sector. In terms of stocks, the bank prefers Galaxy Entertainment (00027.HK) and Wynn Macau (01128.HK), with target prices of HKD 54 and HKD 7.55, respectively; it also believes that Sands China (01928.HK) has become more attractive after a recent price correction, with a target price of HKD 23, all rated as "Buy."

### 相關股票

- [Las Vegas Sands (LVS.US)](https://longbridge.com/zh-HK/quote/LVS.US.md)
- [GALAXY ENT (00027.HK)](https://longbridge.com/zh-HK/quote/00027.HK.md)
- [SANDS CHINA LTD (01928.HK)](https://longbridge.com/zh-HK/quote/01928.HK.md)
- [Sands China (SCHYY.US)](https://longbridge.com/zh-HK/quote/SCHYY.US.md)
- [Galaxy Entertainment Group (GXYYY.US)](https://longbridge.com/zh-HK/quote/GXYYY.US.md)
- [WYNN MACAU (01128.HK)](https://longbridge.com/zh-HK/quote/01128.HK.md)

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