According to an industry report released by Citi, sources within the sector indicate that Macau's gross gaming revenue for the first eleven days of January may have reached approximately MOP 8.05 billion. The daily run rate for the preceding week was around MOP 693 million, which represents a decline of roughly 13% compared to the daily run rate of about MOP 800 million observed during the first four days of the month. The bank considers the normalization of the revenue run rate following the extended New Year holiday weekend unsurprising, noting that this figure still exceeds the daily run rate for January 2025 (approximately MOP 589 million) by about 18%. Industry sources suggest that the volume of VIP rolling chip turnover increased by approximately 6% to 8% month-on-month, while mass market gaming revenue grew by about 8% to 10%. The VIP win rate appears to be slightly lower than the level recorded during the initial four days of the month. Citi is temporarily maintaining its forecast for Macau's January 2026 gaming revenue at MOP 21.5 billion, which represents an 18% year-on-year increase. The bank's combined gaming revenue forecast for January and February remains unchanged at MOP 42 billion, a figure that neutralizes the impact of the different timing of the Lunar New Year holiday between this year and last, implying a year-on-year growth of 10.5%.