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2026-11-02 12:52:24 Macau's GGR for Oct 2026 stood at MOP21.68 billion, equivalent to around MOP699 million per day, down 10% YoY and representing about 82% of the Oct 2019 level, Citi said in a research report. The figure was broadly in line with the broker's estimate of MOP21.5 billion and market expectations of MOP21.7 billion. Industry sources indicated the implied daily GGR run-rate for the last six days of Oct was about MOP672 million, around 11% more than the run-rate of about MOP604 million recorded during Oct 12-25. Citi was encouraged by the improvement in run-rate toward month-end, while remaining cautiously optimistic that players' gaming appetite would could gradually recover post China's offshore taxation issue. Major events in Nov, including the W Gala at Galaxy Arena and the "Return of Singer" at The Venetian Arena, may provide additional support for visitor arrivals to Macau. However, the broker remained relatively conservative as the 33rd APEC Economic Leaders' Meeting to be held in Shenzhen on Nov 18-19 may temporarily divert gaming demand. Therefore, it lowered its Nov GGR forecast from MOP21 billion to MOP20.5 billion, implying a 3% YoY downfall and a daily run-rate of about MOP683 million. ~ AASTOCKS Financial News Website: www.aastocks.com | |