Citi(US:C) Xin Lang Cai Jing·2026-02-02 03:38Group 1 - The core viewpoint of the report is that Macau's gaming revenue is projected to reach 22.633 billion MOP in January 2026, representing a year-on-year increase of 24%, and is expected to be approximately 91% of the revenue level in January 2019, exceeding market predictions by about 5% [1] - For February, the forecasted gaming revenue is 20.5 billion MOP, reflecting a year-on-year growth of 4%, with an average daily revenue of approximately 732 million MOP [1] - The report notes that February will experience seasonal weakness due to the Lunar New Year, with the off-peak season likely lasting from February 3 to February 18 [1] Group 2 - After adjusting for the differences in the Lunar New Year period, the combined gaming revenue for January and February is predicted to be 43.1 billion MOP, which indicates a year-on-year increase of 13.5% [1]