{"id":777032045,"date":"2025-09-23T08:21:40","date_gmt":"2025-09-23T11:21:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777032045"},"modified":"2026-04-21T18:55:15","modified_gmt":"2026-04-21T21:55:15","slug":"citigroup-cuts-macau-september-ggr-forecast-again","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/citigroup-cuts-macau-september-ggr-forecast-again","title":{"rendered":"Citigroup cuts Macau September GGR forecast again"},"content":{"rendered":"\n

Analysts expect September gaming revenue to be affected by Super Typhoon Ragasa.<\/p>\n\n\n\n\n\n\n\n

Macau.- Citigroup<\/strong> has revised downwards its gross gaming revenue (GGR) forecast for September for the second time in a week<\/a> due to possible casino closures caused by Super Typhoon Ragasa<\/a>. Analysts now expect GGR to reach MOP18.5bn (US$2.3bn), down from a previous estimate of MOP19.5bn (US$2.4bn) and an initial expectation of MOP20bn (US$2.48bn).<\/p>\n\n\n\n

The latest reduction represents a year-on-year growth of 7 per cent, equivalent to approximately 84 per cent of the same period in 2019. This implies average daily gaming revenue of about MOP561m ($69.6m) for the remaining days of the month.<\/p>\n\n\n\n

Citigroup said that GGR for the first 21 days of September<\/strong> likely reached MOP13.45bn (US$1.7bn), implying average daily GGR of approximately MOP664m (US$82.4m) over the past week (15-21 September), a 16 per cent increase from the average daily GGR of MOP575m in September 2024.<\/p>\n\n\n\n

Citigroup\u00a0recently\u00a0revised upwards<\/a>\u00a0its forecast for the full year to MOP248.6bn (US$31.1bn), up from a previous estimate of MOP235.7bn (US$29.15bn).\u00a0Analysts\u00a0George Choi<\/strong>\u00a0and\u00a0Timothy Chau<\/strong>\u00a0noted that this would imply 14-per cent year-on-year growth for the rest of the year.<\/p>\n\n\n\n

Typhoon alert<\/h2>\n\n\n\n

Casinos in Macau are on alert amid the approach of Super Typhoon Ragasa, which could lead to the temporary closure of venues<\/strong>. As usual, the government will order the closure of all casinos if the typhoon reaches signal 8 or above<\/strong>. Macau\u2019s weather bureau said on Monday there was a \u201chigh probability\u201d it would reach signal 8 from Tuesday (September 23) afternoon to evening. <\/p>\n\n\n\n

Sam Hou Fai<\/strong>, Macau\u2019 chief executive, convened a press conference on Monday alongside five secretaries to outline preparations. Fai urged vigilance and compliance with directives. \u201cFollowing the typhoon, employers should flexibly arrange staff attendance as appropriate and allow sufficient time for employees to return to their workplaces,\u201d he said.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Citigroup cuts Macau September GGR forecast<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Analysts expect September gaming revenue to be affected by Super Typhoon Ragasa.<\/p>\n","protected":false},"author":226,"featured_media":777029776,"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 has revised its September Gross Gaming Revenue (GGR) forecast for Macau downwards for the second time, now expecting MOP18.5bn (US$2.3bn), due to potential casino closures caused by Super Typhoon Ragasa. This adjustment reflects a 7% year-on-year growth, representing approximately 84% of 2019 levels, with Macau's government preparing to order casino closures if the typhoon reaches Signal 8.","focusai_entities":"Citigroup, George Choi, Timothy Chau, Sam Hou Fai","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Full-year GGR impact?","query":"What is the projected impact of this September GGR reduction on Macau's full-year GGR forecast and the valuation outlook for integrated resort operators?"},{"label":"Casino closure protocols?","query":"What specific operational and staffing protocols are Macau's concessionaires implementing in anticipation of a Signal 8 typhoon closure, and how do these align with government directives?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[24868,23906,24914],"class_list":["post-777032045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-citigroup","tag-macau-casinos","tag-super-typhoon-ragasa"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032045","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777032045"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032045\/revisions"}],"predecessor-version":[{"id":777032077,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777032045\/revisions\/777032077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777029776"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777032045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777032045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777032045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}