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Macau premium mass average wagers not affected by seasonality: Citigroup

Citigroup reaffirms that Macau's gaming industry shows no signs of slowing down. Despite the decline in total wagers in the premium mass market, average wagers remain strong and unaffected by seasonality.

High rollers likely returning to Macau, says Citigroup

Citigroup reports that it has observed 24 whales so far this month, marking the highest single-month tally this year and only three fewer than during Chinese New Year in 2

MGM China sales team expansion shows confidence: Citigroup 

Citigroup noted that MGM's management is 'showing confidence in the market', MGM China's President and Chief Operating Officer Hubert Wang revealed that the company will double the headcount of its international sales and marketing team

Citigroup retains Macau July GGR estimates at $2 billion 

Citigroup has retained its estimate on Macau’s July casino gross gaming revenue (GGR) of MOP16 billion ($2 billion). This represents that GGR in July may exceed May's GGR level, the highest monthly GGR recorded after COVID, at MOP15.6 billion ($1.93 billion).

Premium mass room at Raffles records much higher average wager per player: Citigroup

Investment bank Citigroup notes Galaxy Macau Phase 3 has a "solid debut" of its premium mass room, recording a 52 percent higher average wager per player compared to pre-COVID levels.

Macau gaming EBITDA to reach 65 percent of pre-pandemic levels in Q2, estimates Citigroup

Investment bank Citigroup said in a new research note that they maintain a bullish stance on Macau's gaming industry, anticipating Macau industry-wide EBITDA in 2Q23 to recover to 65 percent of the same period in 2019. 

Canto-pop legend’s concerts bring market share gain to Sands, says Citigroup

More and more investment bank studies affirm the positive impact of non-gaming activities on financial results. This time, Citigroup says there is apparently a positive impact that the Jacky Cheung concerts bring to Macau's gaming operator Sands.

Your Daily Asia Gaming eBrief: Macau still has “extremely high” potential as a luxury destination

Macau, the world’s top-rated hotel capital, is a top luxury destination that continues to captivate visitors with its exquisite culinary experiences, prime location, and opulent hospitality offerings.

Lower-spend gaming customers in Macau still well off 2019 levels, says Deutsche Bank 

Macau's mass market had outperformed in the first eight months of the year, with Deutsche Bank observing healthy market trends. However, analysts point out that lower-spend gaming customers continue to keep a low ratio compared to 2019 levels.

Number of Macau junkets to grow as VIP gaming revenue improves: association head

After facing severe hardship, Macau's VIP segment is poised to attract new investors, potentially leading to a growth in the number of junket licensees.

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