Citigroup Lowers Macau August GGR Forecast to 4% Growth

Citigroup has reduced its forecast for Macau’s August gross gaming revenue to MOP23 billion, equivalent to $2.86 billion, after a slight slowdown during the second week of the month. It should be noted that the adjusted figure is higher than the previous estimate made by the company at MOP23.5 billion ($2.92 billion).…