November 2024 has proven to be a standout month for the premium mass gaming segment in Macau, with robust growth in both the number of players and total wagers placed, according to Citigroup.

Thailand is on the brink of becoming a major player in the global gaming industry, with projections suggesting it could surpass Singapore to become the third-largest market in terms of gross gaming revenue (GGR), according to a new “Super Sector” report.

Despite the slight quarterly decline in net revenue, Sands China's gross gaming revenue (GGR) market share remained largely unchanged quarter-over-quarter at 24 percent, notes Citigroup. 

According to a report from Citigroup, Macau’s premium mass wagers surged during the October Golden Week, shattering previous records.

Citigroup has projected Macau's gross gaming revenue (GGR) for October 2024 to reach MOP20.5 billion ($2.56 billion), reflecting a 5 percent year-on-year increase. 

Macau’s gross gaming revenue (GGR) for the first 22 days of September has reached approximately MOP12.15 billion ($1.51 billion), according to data from industry sources cited by Citigroup. 

A recent table survey from Citigroup reveals a significant acceleration in gaming spending in Macau, with the average wager for high-stakes players—commonly referred to as ‘whales’—increasing by 43 percent.

Citigroup, in its August premium mass table survey, has observed that Macau continues to demonstrate resilience in gaming amid China’s economic headwinds, maintaining robust player demand.

The robust gaming demand in Macau justifies the view that concerns over a crackdown on illegal money flows are overdone, according to Citigroup.

Following Citigroup’s Macau Gaming Corporate Day, where all six casino operators were hosted, the investment bank maintains a bullish stance on Macau gaming companies' oulook.