US Gaming: MGM/WYNN – Reducing Estimates on Weak 2Q for Macau

Research evidence excerpt

US Gaming: MGM/WYNN – Reducing Estimates on Weak 2Q for Macau

US Gaming

13 July 2026 Citi Research

The Product is made available in Korea by Citigroup Global Markets Korea Securities Ltd. (CGMK), which is regulated by the

Financial Services Commission, the Financial Supervisory Service and the Korea Financial Investment Association (KOFIA). The

address of CGMK is Citibank Center, 50 Saemunan-ro, Jongno-gu, Seoul 03184, Korea. KOFIA makes available registration

information of research analysts on its website. Please visit the following website if you wish to find KOFIA registration

information on research analysts of

CGMK. http://dis.kofia.or.kr/websquare/index.jsp?w2xPath=/wq/fundMgr/DISFundMgrAnalystList.xml&divisionId=MDIS0

3002002000000&serviceId=SDIS03002002000. The Product is made available in Korea by Citibank Korea Inc., which is

regulated by the Financial Services Commission and the Financial Supervisory Service. Address is Citibank Center, 50

Saemunan-ro, Jongno-gu, Seoul 03184, Korea. This research report is intended to be provided only to Professional Investors

as defined in the Financial Investment Services and Capital Market Act and its Enforcement Decree in Korea.

The Product is made available in Malaysia by Citigroup Global Markets Malaysia Sdn Bhd (Registration No. 199801004692

(460819-D)) (“CGMM”) to its clients and CGMM takes responsibility for its contents as regards CGMM’s clients. CGMM is

regulated by the Securities Commission Malaysia. Please contact CGMM at Level 43 Menara Citibank, 165 Jalan Ampang,

50450 Kuala Lumpur, Malaysia in respect of any matters arising from, or in connection with, the Product.

The Product is made available in Mexico by Citi México Casa de Bolsa, S.A. de C.V., Grupo Financiero Citi México which is a