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Citi survey finds Macau premium mass wagers up 17% to HK$20,689

Deals & M&A

Citigroup’s monthly survey of Macau table games reported that average premium mass wagers rose 17% year on year to HK$20,689 per hand, while the number of players fell 16%. It also found mass baccarat minimum bets increased 3% to HK$2,028 across Macau, with Cotai up 6% and the peninsula down 7%; these are survey findings and analyst views.

The survey’s segment and venue comparisons give investors and operators indicators of Macau gaming demand.

End-of-day close Galaxy Entertainment Group (0027), HKD, to 8 May 2026
Story date9 February 20268 May 2026

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Citigroup forecasts 8% Macau gaming EBITDA growth in Q1 2026

Macau’s gaming sector is expected to grow EBITDA by about 8% year on year in Q1 2026, according to Citigroup analysts George Choi and Timothy Chau. Gross gaming revenue reached MOP65.87 billion, up 14%, while VIP performance and hold rates weighed on margins. Citigroup expects Sands China to record the strongest operator EBITDA growth, at about 20%.

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