Citigroup: Macau GGR Slows as World Cup Impacts Gaming Demand
Macau’s casino industry has experienced a slower start to June, with analysts pointing to the FIFA World Cup as a key factor behind weaker gaming activity. While revenue has fallen below recent levels, Citigroup continues to expect a recovery later in the summer, supported by a busy schedule of entertainment events and concerts. According to Citigroup estimates based on industry checks, Macau generated around MOP$9.0 billion (US$1.12 billion) in gross gaming revenue (GGR) during the first 14 days of June. That […] The post Citigroup: Macau GGR Slows as World Cup Impacts Gaming Demand appeared first on World Casino News.
Macau’s casino industry has experienced a slower start to June, with analysts pointing to the FIFA World Cup as a key factor behind weaker gaming activity. While revenue has fallen below recent levels, Citigroup continues to expect a recovery later in the summer, supported by a busy schedule of entertainment events and concerts. According to Citigroup estimates based on industry checks, Macau generated around MOP$9.0 billion (US$1.12 billion) in gross gaming revenue (GGR) during the first 14 days of June. That […]
The post Citigroup: Macau GGR Slows as World Cup Impacts Gaming Demand appeared first on World Casino News.
