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2026-10-26 15:25:19 Citi published a research report stating that, according to industry sources, Macau's GGR for the first 25 days of October is expected to reach about MOP17.65 billion. Average daily GGR for Oct 20-25 was about MOP592 million, down 3% from about MOP613 million for Oct 12-19, and also 2% lower than about MOP602 million in Sep 2026, indicating that the weakness previously highlighted by the broker is continuing. According to industry sources, the average daily GGR trend so far in October implies a YoY decline of about 10%. The broker noted that VIP rolling chip volume rose about 15% to 18% MoM, while mass-market GGR increased about 14% to 17% MoM. VIP hold rate appeared to be slightly below the level seen during Oct 12-19. Given the weaker-than-expected GGR trend, the broker believes that even though the deadline for deferred payment of China's offshore trust tax has passed, a meaningful recovery in GGR momentum may take longer to emerge. Citi therefore lowered its forecast for Macau's Oct 2026 GGR from MOP23 billion to MOP21.5 billion, representing a YoY decline of 11%, and assumed average daily GGR of about MOP642 million for the remaining days of this month. (ad/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |