Shares of Galaxy Entertainment Group, a major casino operator in Macau, plummeted by 7.07% in intraday trading on Monday, following the release of disappointing gaming revenue figures for the world's biggest gambling hub.

According to data from Macau's gaming regulator, the city's gross gaming revenue fell by 5.6% year-over-year in January to 18.25 billion patacas (approximately $2.27 billion). This marks the second consecutive month of declining revenue after 11 months of growth in 2024, and the figure missed consensus projections by about 6%.

Analysts attribute the weak performance to a noticeable pre-Lunar New Year holiday slowdown, with visitor traffic and gaming activity particularly subdued in the period leading up to the holiday weekend. The lull in visitors and gaming activity disproportionately impacted larger properties focused on the mass gaming segment, like Galaxy Entertainment.