The Macao Government Tourism Office expects the upcoming Macau Grand Prix to attract over 0.4 million tourist visits.
According to the Zhìtōng finance app, Citigroup has released a research report stating that the forecast for Macao's total gambling revenue in November this year of 18 billion yuan remains unchanged, implying an average GGR of approximately 0.615 billion yuan for the remaining time of this month. Industry insiders estimate that Macao's gambling revenue for the first 10 days of November may reach around 5.7 billion Macao patacas (MOP) (below), with a daily average gambling revenue of about 0.57 billion yuan, an increase of about 1% compared to the last 11 days of October.
Citigroup expressed skepticism about the VIP room market share. Among them, the VIP room win rate decreased by 15% compared to the previous month, and the mass market win rate decreased by 13% to 15%, reflecting the high base during last month's National Day golden week. In addition, the Macao Government Tourism Office expects the upcoming Macau Grand Prix to attract over 0.4 million tourist visits. According to the Grand Prix Committee, most of the event tickets have already sold out.