{"id":777019664,"date":"2024-10-07T09:16:39","date_gmt":"2024-10-07T12:16:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019664"},"modified":"2026-04-22T05:26:39","modified_gmt":"2026-04-22T08:26:39","slug":"macau-casinos-citigroup-reports-a-rise-in-premium-mass-wagers-in-october","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casinos-citigroup-reports-a-rise-in-premium-mass-wagers-in-october","title":{"rendered":"Macau casinos: Citigroup reports rise in premium mass wagers in October"},"content":{"rendered":"\n

Citigroup says premium mass wagers in October total HK$27.2m (US$3.5m).<\/p>\n\n\n\n\n\n\n\n

Macau.- Citigroup has reported that\u00a0premium mass wagers<\/strong>\u00a0in Macau during October reached HK$27.2m (US$3.5m). That’s an 81 per cent increase compared to October 2023 and an 18 per cent rise from Chinese New Year 2024.<\/p>\n\n\n\n

The count of premium mass participants reached a new high at 966. That’s a rise of 90 per cent in year-on-year terms. However, the average bet per player was down per cent at HK$28,150 (US$3,625), which still stands as the third-highest on record.<\/p>\n\n\n\n

The survey observed 62 whales (players with bets of HK$100,000 per hand or more), up 88 per cent year-on-year and up 51 per cent when compared to the Chinese New Year 2024. Galaxy<\/strong> represented approximately 29 per cent of the total premium mass wager observed.<\/p>\n\n\n\n

The “Player of the Month” was spotted placing a bet of HK$420,000 (US$54,083) at the Horizon Room in Galaxy Macau. At the Chairman Club of Wynn Palace, a group of five whales collectively wagered HK$11m (US$1.4m) on a single hand, contributing to a total of 12 observed at the venue. At City of Dreams, nine whales were observed betting between HK$100,000 (US$12,877) and HK$400,000 (US$51,507), while five whales similar bets at the Sands Apex Room at Plaza.<\/p>\n\n\n\n

See also: <\/strong>Tourism in Macau: 23m visitors in first eight months of the year<\/a><\/p>\n\n\n\n

Citigroup forecasts 5% growth for Macau GGR in October<\/h2>\n\n\n\n

Citigroup has projected that Macau\u2019s gross gaming revenue (GGR) for October will reach MOP20.5bn ($2.56bn), 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

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

Citigroup said gaming demand from the 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":"

Citigroup says premium mass wagers in October total HK$27.2m (US$3.5m).<\/p>\n","protected":false},"author":176,"featured_media":25659,"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 analysis indicates robust growth in Macau's premium mass segment for October, with wagers increasing 81% year-on-year and participant numbers reaching a new high. Concurrently, Citigroup projects a 5% year-on-year GGR increase for October, primarily driven by affluent players, though a decline in grind mass baccarat minimum bets signals potential sector-specific vulnerabilities.","focusai_entities":"Citigroup, Galaxy, Wynn Palace, City of Dreams, Sands Apex Room, George Choi","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.98), marketing_crm (0.75), investor_analyst (0.97), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Grind Mass Sector Impact?","query":"What are the long-term implications of the declining average baccarat minimum bets in the grind mass sector for Macau's overall market strategy and operator revenue diversification efforts?"},{"label":"Premium Mass Strategy?","query":"How are Macau's integrated resorts adapting their VIP and premium mass marketing strategies to sustain growth amidst evolving player demographics and economic conditions in key feeder markets?"}],"footnotes":""},"categories":[28,16338],"tags":[23906],"class_list":["post-777019664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019664","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=777019664"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019664\/revisions"}],"predecessor-version":[{"id":777019683,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019664\/revisions\/777019683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25659"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}