A decline in wager per player was offset by a 60-per cent year-on-year increase in player numbers.<\/p>\n\n\n\n\n\n\n\n
Macau.- Citigroup has conducted its April survey of Macau’s premium mass gaming tables and concluded that business looks resilient ahead of the Labour Day break.\u00a0The wager by player was down 5 per cent year-on-year, likely because the April 2023 survey was conducted on the Friday before the Labour Day holidays. The decline is more than offset by a 60-per cent increase in player numbers and 53-per cent increase in the total wager (US$1.4m).<\/p>\n\n\n\n
There were 568 premium-mass players seen in April\u2019s survey. The wager per player fell by 5 per cent to HK$19,467, but this is likely due to the higher player count, with relatively more casual premium players versus April 2023.\u00a0<\/p>\n\n\n\n
The survey observed 18 “whales” (players with bets of HK$100,000 per hand or more) versus 14 a year earlier. Citigroup spotted whales at all casino operators except SJM Holdings. George Choi<\/strong>\u00a0and\u00a0Ryan Cheung\u00a0<\/strong>noted that some players were likely waiting until the Labour Day break from May to 5 to travel to Macau.<\/p>\n\n\n\n Citigroup has forecast\u00a0Macau\u2019s GGR will reach MOP$18.5bn (US$2.3bn) in April<\/a>. That would be up 26 per cent from the prior-year period, but down 5 per cent from the\u00a0MOP19.50bn recorded in March<\/a>.\u00a0Cumulatively, Macau\u2019s GGR for the first three months of 2024 was MOP$57.3bn (US$7.11bn), up 65.5 per cent year-on-year and implying a full-year run rate of around MOP$229.2bn (US$28.4bn).<\/p>\n","protected":false},"excerpt":{"rendered":" A decline in wager per player was offset by a 60-per cent year-on-year increase in player numbers.<\/p>\n","protected":false},"author":176,"featured_media":25616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Citigroup's April survey of Macau's premium mass gaming tables indicates market resilience, with a 60% year-on-year increase in player numbers offsetting a 5% decline in wager per player, resulting in a 53% rise in total wager. The report forecasts Macau's April GGR at MOP$18.5bn, up 26% year-on-year, and notes Q1 2024 GGR reached MOP$57.3bn, suggesting a MOP$229.2bn full-year run rate.","focusai_entities":"Citigroup, SJM Holdings, George Choi, Ryan Cheung","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Forecast Revision?","query":"Given the observed increase in player numbers and total wager, how might Citigroup's full-year GGR forecast for Macau be revised, considering the potential for sustained premium mass growth post-Labour Day?"},{"label":"Premium Mass Strategy?","query":"What specific operational or marketing strategies are Macau casino operators, particularly those seeing 'whales,' implementing to capitalize on the increased premium mass player volume despite a lower wager per player?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777014767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014767"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014767\/revisions"}],"predecessor-version":[{"id":777014783,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014767\/revisions\/777014783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25616"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}