Macau gross gaming revenue (GGR) is likely to slow in the second half of June, according to a recent Citigroup flash note, which pointed to the upcoming World Cup and a difficult year-on-year comparison as the main headwinds.
Citigroup estimated that Macau GGR in the first seven days of June reached approximately MOP4.9 billion ($610 million), equivalent to a daily run rate of about MOP700 million ($87 million). That figure was roughly 4 percent below the May 2026 run rate of around MOP729 million ($90 million) per day.
The bank attributed the softer start to university entrance examinations held in mainland China on June 7th and 8th, noting that some parents avoid traveling during the period. Citing industry sources, Citigroup said VIP volume fell between 5 and 8 percent month-on-month, while mass-market GGR declined between 3 and 8 percent. The VIP hold rate appeared largely normal.
For the remainder of June, Citigroup said Macau gaming revenue would likely ‘hit a speed bump,’ as the World Cup this summer draws away some local players’ betting budgets. The market also faces a tough comparison against the Jacky Cheung concerts staged in the territory at the same time last year.
The bank kept its June 2026 GGR forecast unchanged at MOP19.0 billion ($2.35 billion), a decline of 10 percent year-on-year. The estimate implies that GGR will need to average approximately MOP613 million ($76 million) per day for the remainder of the month.
