Gaming | Citi Research sees potential improvement

Citi Research has reported that according to its industry sources, Macau’s table GGR (Gross Gaming Revenue) for the first 19 days in April reached MOP11.5bn (or MOP12.1bn, if one includes an estimated MOP570m in slot-related revenue). The total daily GGR run rate over the past week equated to MOP690m/day, higher than the run rate over the first 12 days of April (MOP606m/day) and in line with March’s run rate (MOP693m/day), said the research house. Citi maintained that its April GGR forecast is unchanged at MOP18bn (-43% y-o-y), but it sees potential improvement if the run rate continues at the current level.