Macau’s premium mass gaming market reaches record-high average bet per gambler

In Macau’s premium mass gaming market, Citigroup, a financial institution, reported a record-high average bet per gambler. The average bet placed by a customer during a recent monthly poll on the casino floors in Macau was HKD29,633 (about $3,784 US). During China’s fall Golden Week vacation season, this study was conducted.

Since it began six years ago, Citigroup’s premium mass play monthly survey has been on hold because to the COVID-19 epidemic. In this most recent study, Citigroup found that premium mass wagers totaled HKD15.1 million, which was only 3% less than the previous high of HKD15.5 million set over the Chinese New Year in February 2019 prior to the pandemic.

Citigroup analysts stated that the presence of high-value players known as “whales,” who bet at least HKD100,000 every hand, was primarily responsible for the strength in October 2023. Citigroup recorded an all-time high of 33 whales during this survey, six more than the previous record set in February 2019. Additionally, the calibre of these whales has risen, as seen by the average wager of HKD191,364, which is a 21 percent increase from October 2019.

Several Macau casino operators had an equal market share for premium mass wagering, with Galaxy Entertainment Group Ltd. leading with 25%, followed by Melco Resorts and Entertainment Ltd. at 23%, Wynn Macau Ltd. at 20%, and Sands China Ltd. at 19%.

In addition, a GGRAsia assessment of mass floors conducted around the same time found that bets of HKD 2,000 per hand were common in the base-mass market’s middle segment.

Original story by: GGRAsia