[ET Net News Agency, 16 July 2019] Citi Research cited its industry sources noting that
Macau GGR for the first 14 days of July could have reached MOP11.5bn. This implies a daily
run-rate of MOP793m for the past week, versus MOP850m for the first week of July, as the
strength in mass from the summer holiday was offset by less favorable VIP hold rates.
It said Wynn (01128), MLCO and MGM (02282) reportedly gained share at the expense of the
others. Citi expects GGR to further pick up into the summer holiday and conservatively
maintained its July GGR forecast of MOP25.5bn (+1% YoY). (KL)