Citi urges investors to treat June as Macau’s 2024 “floor month”
Monday 10 de June 2024 / 12:00
⏱ 2 min read
(Macau).- Investment bank Citi has urged investors to treat this month’s gross gaming revenue data point as the floor for Macau in 2024, noting that quieter gaming floors during analyst visits last Friday were not unexpected.
Coming off the best month for GGR since early 2020 in May, Macau’s gaming revenues have been impacted over the past week by heavy rain and the start of China’s nationwide university admission exams, which City analysts George Choi and Ryan Cheung say is a major reason why June is usually slow.
“June is typically the slowest month of the calendar year for Macau, so we are not surprised that Macau looked quieter than usual when we conducted our June 2024 survey last Friday,” they wrote in a Monday note.
Despite this, they also described observed volumes as “respectable” with total premium mass wager in premium mass rooms visited up 10% year-on-year, driven by a 31% higher player count. Total wager observed in the June 2024 survey amounted to HK$10 million (US$1.28 million) with total player count of 543.
While wager per player was actually 16% lower year-on-year at HK$18,478 (US$2,365), the analysts attribute the fall in premium mass player quality to the high base in June 2023.
“Recall that June 2023 was when Sands China hosted the renowned Cantopop singer Jacky Cheung for 12 shows,” they said. “Sands China was successful in luring a lot of whales to visit Macau this time last year and this created a high base for our premium mass survey this month, considering there was no major concept concert with similar caliber happening this weekend.
“Having said that, we find the 31% higher year on year player count and the 10% year on year higher total wager encouraging given our survey day coincided with the first day of China’s nationwide university admission exams.”
Citi said it saw 16 whales – defined as those betting HK$100,000 (US$12,800 million) a hand or more – including one player betting HK$1 million (US$128,000) on a hand.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
SBC Summit Americas 2026
09 de June 2026
Habanero reflects on the key takeaways from SBC Summit Americas
(Fort Lauderdale, Florida).- Milda Mikelioniene, Habanero’s Business Development Executive reflects on the key takeaways from SBC Summit Americas, explains why Peru is emerging as one of the region’s most promising markets, and outlines how the supplier’s long-standing presence in Latin America continues to shape its growth strategy.
Wednesday 17 Jun 2026 / 12:00
Konami Highlights Key iGaming Innovations at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A with SoloAzar, Eduardo Aching, VP, iGaming & International Gaming Operations, Konami Gaming, talked about its participation at SBC Summit Americas 2026, where the firm showcased its expanding online slot portfolio and emphasized new partnerships with iGaming operators, while spotlighting AI innovation and upcoming global launches.
Wednesday 17 Jun 2026 / 12:00
SBC Summit Americas 2026: Celebration Meets the World’s Biggest Stage
(Fort Lauderdale, SoloAzar Exclusive).- The Broward County Convention Center was buzzing this week as the SBC Summit Americas 2026 unfolded across 22,000 square meters of expo space. With six conference stages, a food festival, and more than 300 exhibitors, the summit, which ended yesterday, delivered a vibrant showcase of innovation and collaboration. The energy was palpable—until the world’s attention shifted to another global spectacle: the opening match of the FIFA World Cup.
Friday 12 Jun 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
