Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumes

Citigroup has adjusted its estimate for Macau’s gross gaming revenue (GGR) for September, reducing its forecast from MOP$18.25 billion to MOP$17.75 billion (US$2.21 billion). This change follows a significant 10% decline in GGR during the week from September 9 to 15. According to Citigroup analysts George Choi and Ryan Cheung, Macau’s GGR for the first 15 days of […]