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

SkyCity Entertainment Group has announced that its reported loss for its financial year, ended June 30th, rose to some $88.23 million, amongst compressed revenue due to ‘a challenging operating environment’.

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.

There's no such thing as a free lunch. And in Macau, IR operators are seeing that their incentives to bring in new clients via free gifts could actually be going against their attempts to bring more premium mass clientele, say experts.

The practice of Macau gaming operators offering complimentary drinks and food has sparked a viral trend on Chinese social media, resulting in significant publicity success. However, according to experts consulted by AGB, these free offerings do not align with a strategy focused on premium mass clientele.

Gaining premium mass market share in Macau is crucial for Wynn's growth over the next 1-2 years, according to Seaport Research. According to senior analyst Vitaly Umansky, Wynn may increase its market share in 2024 but could lose some in 2025 due to competition from newer properties like Sands and Galaxy.

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.