Citigroup: Macau's average daily gaming revenue for the first 8 days of November was about 650 million patacas, weak, and there has been no significant recovery

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that according to industry sources, Macau's gaming revenue on the first 8 days of November 2026 may reach about MOP 5.2 billion, implying an average daily gaming revenue of about MOP 650 million, which is 8% lower than the average daily average of about MOP 703 million in November 2025, and 3% lower than the average daily average of about MOP 672 million on the last 6 days of October this year, indicating that Macau's weak gaming revenue has yet to recover significantly.

The bank pointed out that industry sources showed that VIP room betting amounts fell by about 5% to 7% month-on-month, midfield gaming revenue fell by about 6% to 8% month-on-month, and the VIP room win rate seemed slightly higher than normal.

Citi believes that the recovery in the operating level of gaming revenue in Macau may take longer to become apparent. However, the Korean male band TXT concert held at Galaxy Arena (Galaxy Arena) and “2026: The Return of the Super Song Singers” at the Venetian Coliseum may provide some support for the number of visitors and gaming needs. The bank kept its November gaming revenue forecast unchanged at MOP 20.5 billion, which is expected to decrease 3% year over year, which means assuming that the average daily gaming revenue for the rest of November is about MOP 693 million.