High Rollers (VIP) whales
out25 Whales The number of ‘whales’ in Macau, and the average wager per whale have “attained year-high levels”, according to a survey conducted by Citigroup. The term ‘whale’ is defined by the banking firm as a casino patron that wagers HK$100,000 (US$12800 / MOP103,000) or more. The firm believes that this “bodes well for a solid Golden Week”. The survey was conducted last week as Macau’s National Day Golden Week holiday period unfolded. Citigroup highlighted that this year’s holiday period is “an eight-day holiday compared to the usual seven”. “We expect the extra day to translate into more visitation in totality, but it will likely dilute the daily average as visitation gets more spread out,” wrote analysts George Choi and Timothy Chau. “This is why we are not surprised to see 15 percent year-on-year less premium mass players in our October 25 survey.” https://www.macaubusiness.com/whale-quality-remains-golden-citigroup/ ago25 “High-end” Chinese consumers may be accounting even for ...