Sunday, June 16, 2024

Search Results

Macau gaming operators’ EBITDA growth expected to reaccelerate with opex stabilizing: 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. 

Galaxy and Sands China likely most benefited from holiday: Citigroup 

According to a recent Labor Day edition of the Premium Mass table survey from Citigroup, Macau gaming operators Galaxy Entertainment and Sands China, with the largest hotel room inventory, 'seem to benefit the most from the holiday crowd.’

Citigroup trims Macau April GGR to $2.23B due to flat daily run-rate

Citigroup has trimmed its forecast for Macau's gross gaming revenue (GGR) from $2.3 billion to $2.23 billion for April due to the anticipated flattish daily run-rate.

Macau premium mass resilient, Sands regains pole position: Citigroup

According to a recent memo from Citigroup, business trends in the Macau gaming sector appear to be resilient in April, especially leading up to the Labor Day break.

Citigroup backs smart gaming tables in Macau, citing effect on boosting GGR

In assessing the long-term prospects of the Macau gaming industry, brokerage firm Citigroup highlights the significant impact of the widespread adoption of smart gaming tables on its growth.

Macau achieves best-ever performance in premium mass during CNY: Citigroup

Macau witnessed its best-ever performance in the premium mass segment during the Chinese New Year (CNY), with Galaxy Entertainment emerging as the market share winner, according to the Citigroup.

Macau has more 98 premium mass baccarat tables released in January, with total wagers rising, says Citigroup

More premium mass baccarat tables were launched this month in Macau casinos, directly driving the increase in total wagers.

Macau’s GGR had a solid start to 2024, says Citigroup

Macau’s gross gaming revenue (GGR) for the first seven days of January is estimated to be approximately MOP4.4 billion ($548 million), with an average of MOP629 million ($78.4 million) per day, as noted by investment bank Citigroup.

Macau GGR may reach $2.2 billion in January, says Citigroup

Citigroup anticipates that Macau's gross gaming revenue (GGR) for January 2024 will reach approximately MOP17.5 billion ($2.2 billion), achieving around 70 percent of the level recorded in January 2019, primarily influenced by seasonal factors.

Daily Asia Gaming eBrief: Macau to see strong growth in 2024: Citigroup

Analysts at Citigroup are bullish on Macau in 2024, seeing room for growth after a 'decent 2023'. Analyst George Choi cites a weak economy in China diminishing Macau's possible ramp-up this year, but notes that visitation, time and money spent in the casino are more important metrics than a country's GDP. The analyst also encourages operators in their comping strategies, noting that EBITDA is the bottom line.