根据该行的查验，2月首22天澳门博彩总收益为143亿澳门元(下同)，即日均6.5亿元。上周的日均收益， 涵盖农历新年假期的淡静及高峰时段为7.85亿元，低于该行预期的8.5亿元。该行表示，假期开始时表现 呆滞，首4至5天日均收益约4.5亿元，同比录得双位数跌幅。但从第6天起，活动急升，每日博彩总收益 突破12亿元，意味着同比增长10%至15%。假期尚未结束，未来数天至关重要，此假期后的"尾随需 求"阶段通常是高端玩家加速消费的时候。该行将于周末取得全月数据后全面了解情况。 鉴于农历新年表现好坏参半，该行微调2月博彩总收益预测至同比持平至增长2%(此前预测增长2%至 5%)。撇除季节性及日历因素后，料2026年首两个月博彩总收益增长12%至13%(此前预测增长13%至 14%)，与该行及市场的行业预测一致。 摩根大通发布研报称，更新对澳门博彩股的最新偏好次序。首选为银河娱乐(00027)，给予"增持"评级; 其次为美高梅中国(02282)，同样获"增持"评级; 金沙中国(01928)与永利澳门(01128)则紧随其后，两者均 获"增持"评级。新濠博亚娱乐(MLCO.US)的评级为"中性"，而新濠国际发展(002 ...

展望今年2月，该行预期将因农历新年而出现季节性疲软，相信淡季可能从2月3日持续至2月18日，而最 旺季则在农历新年后五日。该行预计2月博彩收入为205亿澳门元，即日均约为7.32亿元，料同比增长 4%。该行调整今年与去年农历新年时段的差异后，料1至2月的合并博彩收入预测为431亿澳门元，意味 着同比升13.5%。 智通财经APP获悉，花旗发布研报称，今年1月澳门博彩收入达226.33亿澳门元，日均博彩收入则约7.3 亿澳门元，同比增长24%，并达到2019年同月水平约91%。数据较市场预测高约5%。 ...

Group 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]

Core Viewpoint - Citigroup's report indicates that Macau's gaming revenue for the first 21 days of December is projected to reach approximately 14.65 billion MOP, reflecting an 8% increase in average daily revenue compared to the previous week and a 19% increase year-on-year [1] Group 1: Revenue Insights - The average daily gaming revenue for the week was about 700 million MOP, up from approximately 650 million MOP on December 8 [1] - Year-on-year, the average daily revenue is significantly higher than last December's average of about 587 million MOP [1] - The increase in revenue is attributed to a rise in VIP gaming volume and mass gaming revenue, with month-on-month increases of approximately 2% to 5% and 3% to 5%, respectively [1] Group 2: Forecasts - Citigroup maintains its forecast for December's total gaming revenue at 22 billion MOP, representing a year-on-year growth of 21% [1] - This forecast suggests that December's revenue will reach about 96% of the levels seen in December 2019 [1] - The average daily gaming revenue for the remainder of the month is expected to be around 710 million MOP [1]

Core Insights - Citigroup's research report indicates that Macau's gaming revenue for the first 21 days of December may reach approximately 14.65 billion MOP, reflecting an average daily revenue of about 700 million MOP, which is an 8% increase compared to the average daily revenue of approximately 650 million MOP from the week of December 8 [1] - The current average daily revenue also shows a 19% increase compared to last December's average of approximately 587 million MOP, driven by a month-on-month increase in VIP gaming volume and mass gaming revenue of approximately 2% to 5% and 3% to 5%, respectively [1] - Citigroup maintains its forecast for December's total gaming revenue at 22 billion MOP, representing a year-on-year growth of 21% and reaching about 96% of the levels seen in the same period of 2019, with expectations that the average daily gaming revenue for the remainder of the month will be around 710 million MOP [1]