Citi analysts have raised their growth forecast for FY24, with gross gaming revenues now tipped to reach $29 billion, equivalent to 79% of 2019 levels.

The revised forecast, which reflects 26% annual growth versus the bank’s previous estimate of 18%, comes after Macau’s Gaming Inspection and Coordination Bureau announced on Thursday GGR of $2.40 billion in January – well above street estimates.

A daily run-rate of $77.5 million per day also placed in behind only the $78.1 million per day seen in October as the highest run-rate since reo-opening last January.