MACAU 2Q EBITDA LIKELY UP 35PCT Q-O-Q, SAYS CITI

Brokerage Citigroup says it expects Macau’s casino industry to post earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$1.59 billion for the second quarter, up 35 percent compared to the first three months of 2023. “Based on the government-reported second quarter 2023 gross gaming revenue (GGR) figure and the sol