Citi: Macau GGR run-rate down 20% month-on-month in first two weeks of June due to World Cup kick-off

Macau's gross gaming revenue (GGR) has experienced a notable slowdown in the first half of June, with estimates suggesting a 20% month-on-month decrease. This dip is attributed, in part, to the kickoff of the World Cup, which may be diverting attention and spending away from casinos.

Analysts at Citi noted the decline, estimating GGR at approximately MOP$9.0 billion for the initial 14 days of the month. This trend indicates a potential shift in consumer behavior, with major sporting events impacting traditional gambling markets.

The performance of Macau's gaming sector is closely watched globally. Such fluctuations highlight the sensitivity of the market to external factors like international sporting events and evolving consumer entertainment preferences, impacting revenue forecasts for the region.