{"id":777023894,"date":"2025-03-10T09:45:05","date_gmt":"2025-03-10T12:45:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023894"},"modified":"2026-04-22T01:01:51","modified_gmt":"2026-04-22T04:01:51","slug":"citigroup-survey-notes-rise-in-premium-mass-wagers-in-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/citigroup-survey-notes-rise-in-premium-mass-wagers-in-macau","title":{"rendered":"Citigroup survey notes rise in premium mass wagers in Macau"},"content":{"rendered":"\n

The survey found the aggregate of market-wide wagers reached HK$11.4m in March.<\/p>\n\n\n\n\n\n\n\n

Macau.- \u00a0Citigroup\u2019s January survey of Macau casinos observed premium mass wagers<\/strong> of HK$11.4m (US$1.47m), a 13 per cent increase year-on-year. Some 645 players observed, a rise of 34 per cent compared to last March.<\/p>\n\n\n\n

The survey observed 20 whales<\/strong> (players with bets of HK$100,000 per hand or more). The average wager per whale was HK$179,500 (US$23,146). That\u2019s an increase of 5 per cent in year-on-year terms. The \u201cPlayer of the Month\u201d was spotted placing a bet of HK$500,000 (US$64,500) at Wynn Palace\u2019s Chairman Club.<\/p>\n\n\n\n

The 625 other premium-mass players bet an average of HK$12,430 (US$1,604), down 13 per cent year-on-year. However, analysts say weakness was more than offset by the 35 per cent year-on-year increase in the number of non-whales. <\/p>\n\n\n\n

Citigroup expects Macau’s gross gaming revenue (GGR) to reach MOP19.5bn (US$2.44bn) in March.<\/p>\n\n\n\n

Macau GGR rises in February<\/h2>\n\n\n\n

Macau\u2019s GGR for February was MOP19.74bn (US$2.46bn). That\u2019s an increase of 6.8 per cent in year-on-year terms<\/a> and a rise of 8.2 per cent sequentially<\/a>. GGR was 77.8 per cent of February 2019\u2019s level.<\/p>\n\n\n\n

The figure was boosted by the Chinese New Year (CNY) holiday, which took place from January 28 to February 4. GGR averaged MOP780m (US$97.3m) <\/strong>per day over the holiday period for an aggregate of MOP6.24bn. According to Seaport Research Partners<\/a>, the figure was down 1 per cent compared to CNY 2024 and 8 per cent compared to 2019. <\/p>\n\n\n\n

Cumulatively, Macau\u2019s GGR for the first two months of 2024 was MOP38bn, up 0.5 per cent from the prior-year period. Macau\u2019s GGR for 2024 was MOP226.78bn (US$28.39bn)<\/strong>, up 23.8 per cent year-on-year but down 22.45 per cent compared to 2019 levels (MOP292.45bn). The result surpassed the Macau government\u2019s expectations.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The survey found the aggregate of market-wide wagers reached HK$11.4m in March.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gaming market demonstrated robust performance in early 2024, with February GGR reaching MOP19.74bn, a 6.8% year-on-year increase, significantly boosted by the Chinese New Year holiday. Premium mass segment activity also showed strength, with a Citigroup survey indicating a 13% year-on-year rise in wagers for March, driven by a substantial increase in player volume despite a slight decline in average non-whale bets. Analysts project continued strong GGR for March, underscoring the market's ongoing recovery trajectory.","focusai_entities":"Citigroup, Wynn Palace, Seaport Research Partners","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Growth Sustainability","query":"Given the strong Q1 2024 GGR performance and premium mass recovery, what are the primary factors influencing the sustainability of Macau's gaming market growth through the remainder of the year, particularly concerning mainland China's economic outlook and travel policies?"},{"label":"Premium Mass Segmentation","query":"How are Macau's integrated resorts strategically segmenting and targeting the premium mass market, specifically addressing the divergent trends in 'whale' average wagers versus the increased volume of other premium-mass players?"}],"footnotes":""},"categories":[28,16338],"tags":[23907,23906],"class_list":["post-777023894","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023894","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=777023894"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023894\/revisions"}],"predecessor-version":[{"id":777023916,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023894\/revisions\/777023916"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}