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Jefferies analyst reports Macau casino takings down 8% in early December

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Jefferies analyst David Katz said Macau casino takings averaged $70.1 million a day in the first eight days of December, with mass-market play down 8% from November and high-roller wagering down as much as 10%. Katz attributed the slowdown to traffic controls ahead of Chinese leader Xi Jinping’s visit on 20 December and said casinos would need to average $81 million daily afterwards to meet government gross-gambling-revenue projections.

Traffic controls reportedly slowed Macau casino takings, while the post-visit daily revenue target shapes operators’ expectations.

End-of-day close Las Vegas Sands (LVS), USD, to 23 January 2025
Story date25 October 202423 January 2025

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