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.

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

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.

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

Galaxy has upped the game. According to gaming expert Ben Lee, the new Raffles Hotel has “reached a whole new level of luxury gaming”, pushing the other five operators to innovate and compete in a new echelon they haven’t yet faced. Meanwhile, Macau’s 3Q23 results, as announced by the city’s gaming watchdog, show few surprises, as mass dominates – while raising questions over what exactly premium mass is.

The average wager per player at Macau premium mass rooms during the National Day Golden Week increased by 94 percent compared to the same period in 2019, according to the latest Table Survey conducted by 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.

Macau premium mass is performing strongly, recovering to 110 percent of 2019-levels with JP Morgan analysts setting high hopes for Golden Week.

Macau's premium mass gaming market seems to have made a full recovery, with JP Morgan indicating that premium mass gross gaming revenue (GGR) in August reached 110 percent of 2019 levels.

Bright skies for Macau's gaming industry, as its first big typhoon of the year tracks away.