Citigroup reports Macau casino revenue run rate down 20% in mid-June
Citigroup said Macau casino gross gaming revenue reached an estimated MOP9 billion in the first 14 days of June, while the daily average for the week ended 14 June was about MOP586 million. The bank attributed the slowdown partly to the FIFA World Cup and maintained its June revenue forecast of MOP19 billion, 10% below a year earlier.
Operators and investors can use the reported revenue slowdown and forecast to assess near-term Macau casino performance.