Key Takeaways:
Macau’s high-roller betting volume grew 17 percent year-over-year in April to HKD 13 million, a recent Citigroup note said.
The investment bank's research highlighted a significant recovery in VIP activity, driven by facility enhancements at major casinos. "The most pleasant surprise in our survey was the quality of players at Wynn Macau," the report stated, noting the fresh appeal of recently expanded facilities.
Citi's channel checks recorded 644 premium mass players, a five percent annual increase, with per-person betting up 11 percent to HKD 20,203. The number of observed high-rollers, or "whales," jumped to 31 from just 19 in the prior-year period.
The data suggests that strategic capital expenditure is paying off for operators, reinforcing the "build it and they will come" thesis for Macau's gaming recovery and boosting investor confidence in the sector.
Wynn Macau (01128.HK) was a standout performer in the April survey. Citi observed nine high-rollers at its properties wagering a combined HKD 1.72 million. This included the top three highest-betting individuals seen during the observation period. The bank attributed the improved betting volumes to the recent expansion of the Chairman's Club at the Wynn Palace.
The report also highlighted positive developments for MGM China (02282.HK). The operator recently opened a new high-end mass market area at its MGM Cotai property and is using World Cup-themed Labubu doll promotions to attract players through its loyalty program.
The strong April data points to a sustained recovery in Macau's high-value gaming segments. Investors will be watching for the official Gross Gaming Revenue figures from Macau's Gaming Inspection and Coordination Bureau to confirm the trend.
This article is for informational purposes only and does not constitute investment advice.
