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

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

Good Morning. Backseat drivers never take the wheel. Analysts at Citigroup are still bullish on 2024 for Macau, noting that ‘armchair theories’ have driven down expectations, with hopes that EBITDA levels will still reach 80 percent of pre-pandemic return. Meanwhile, gaming-related crime in the territory has yet to rise to 2019 figures. And in the Philippines, analysts anticipate blowback from the temporary suspension of e-visas for Chinese visitors.

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AGB Intelligence

MACAU

MACAU, COTAI-STRIP

2024 is touted as a token rebound year for the Macau GGR

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.


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1xBet – The Leading Bookmaker With Worldwide Reputation

1xBet, Barcelona_Partnership

Since 2007, 1xBet has grown from a small startup to a giant in the sports betting industry. Today, the company successfully operates worldwide, and the bookmaker’s website and app are visited by millions of players monthly. 


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AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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