{"id":777019430,"date":"2024-09-27T10:49:01","date_gmt":"2024-09-27T13:49:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019430"},"modified":"2026-04-22T05:43:18","modified_gmt":"2026-04-22T08:43:18","slug":"citigroup-forecasts-5-growth-for-macau-ggr-in-october","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/citigroup-forecasts-5-growth-for-macau-ggr-in-october","title":{"rendered":"Citigroup forecasts 5% growth for Macau GGR in October"},"content":{"rendered":"\n<p>The bank noted strong advanced hotel bookings and robust demand from affluent players.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Citigroup has projected that Macau\u2019s gross gaming revenue (GGR) for October will reach MOP20.5bn ($2.56bn), <strong>a 5 per cent year-on-year increase<\/strong>. Analyst George Choi said the growth would be driven by strong advanced hotel bookings and robust demand from affluent players.<\/p>\n\n\n\n<p>The report highlights optimistic expectations for the National Day Golden Week, with GGR anticipated to average around MOP900m ($112m) per day during the holiday period, aligning closely with the run rates observed during this year\u2019s Chinese New Year and Labor Day holidays.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a href=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-mgto-now-expects-over-100000-visitors-a-day-for-october-golden-week\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/tourism-in-macau-mgto-now-expects-over-100000-visitors-a-day-for-october-golden-week\" target=\"_blank\" rel=\"noreferrer noopener\">Tourism in Macau: MGTO now expects over 100,000 visitors a day for October Golden Week<\/a><\/p>\n\n\n\n<p>Citigroup said gaming demand from the <strong>Premium Mass<\/strong> segment, which represents approximately 60 per cent of total mass GGR, continues to be robust. However, its most recent survey conducted in September 2024 indicated a decline in average baccarat minimum bets for the first time since reopening from the pandemic, signalling potential weaknesses in the grind mass sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bank noted strong advanced hotel bookings and robust demand from affluent players.<\/p>\n","protected":false},"author":680,"featured_media":21514,"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 projects Macau's October Gross Gaming Revenue (GGR) to reach MOP20.5bn ($2.56bn), representing a 5% year-on-year increase, primarily driven by robust advanced hotel bookings and strong demand from affluent players. While the Premium Mass segment continues to show resilience, a recent survey indicates potential weaknesses within the grind mass sector, evidenced by a decline in average baccarat minimum bets.","focusai_entities":"Citigroup, George Choi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Grind Mass Impact?","query":"Given the observed decline in average baccarat minimum bets, what specific operational adjustments are Macau operators implementing to mitigate potential revenue erosion from the grind mass segment?"},{"label":"Premium Mass Sustainability?","query":"What are the underlying factors contributing to the sustained robustness of the Premium Mass segment, and what are the key risks to its continued growth trajectory in Macau's evolving market landscape?"}],"footnotes":""},"categories":[16338,163],"tags":[257],"class_list":["post-777019430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019430","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777019430"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019430\/revisions"}],"predecessor-version":[{"id":777019438,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019430\/revisions\/777019438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21514"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}