Citibank: Macau's gaming revenue rose 27% year on year in the first week of December, conservatively forecast a 21% increase for the whole month

The Zhitong Finance App learned that according to industry news, Macau's total gaming revenue for the first seven days of December was about 5.2 billion patacas (same below), an average of about 743 million yuan per day, about 6% higher than in November, and about 27% higher than the same period last year. The bank believes that the event held at the Galaxy Arena on December 6 will help promote a strong start in early December. In terms of segmentation, VIP room gambling volume increased by about 6 to 8% month-on-month, while midfield gambling increased by about 5 to 8%; among them, VIP room win rates were generally stable. The bank conservatively maintained the total gaming revenue forecast for December at 22 billion yuan, which is equivalent to a 21% year-on-year increase, accounting for 96% in November 2019, which means that the average daily gaming revenue for the rest of the month is expected to be around 700 million yuan.