International edition
June 21, 2021

According to research house Citigroup

Macau’s casino revenue likely to top us$ 3.1 billion in July

(Macau).- Citigroup is forecasting Macau’s casino gross gaming revenue to top us$ 3.1 billion in July. It cited its sources indicating that the city’s table gross gaming revenue for the first eight days of July reached us$ 748.9 million.

A

t the current rate, Citigroup estimates July’s monthly casino gross gaming revenue could exceed us$ 3 billion, implying a growth of 5 percent year-on-year.

Meanwhile, JPMorgan has cut its second quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) estimates for Sands China by 9 percent.

JPMorgan analyst Joseph Greff explained the decision citing “cannibalisation” from Sands Cotai Central and slowing VIP growth.

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