VIP baccarat revenue in Macau for the third quarter of 2024 was just under MOP13.08 billion ($1.64 billion), accounting for 23.5 percent of the total gross gaming revenue (GGR) of nearly MOP55.6 billion ($6.95 billion) during the period.
This data was released on Wednesday by the Gaming Inspection and Coordination Bureau (DICJ), the city’s casino regulator.
In the VIP segment, third-quarter revenue decreased slightly by 1.7 percent compared to the previous quarter but rose by 11.1 percent year-on-year, up from MOP11.77 billion ($1.47 billion) in the same period last year.
During the three months leading up to September 30th, revenue from mass-market baccarat reached nearly MOP34.09 billion ($4.26 billion), reflecting a sequential decline of 1.6 percent and accounting for approximately 61.3 percent of the market share.
However, mass-market baccarat revenue saw a year-on-year increase of 14.5 percent, compared to MOP29.77 billion ($3.7 billion) in the previous year.
Slot machine revenue amounted to nearly MOP3.1 billion ($388 million), representing a market share of approximately 5.6 percent, with a quarter-on-quarter decline of 2.9 percent.
Overall revenue in the mass-market segment, including slot machines, totaled just under MOP42.52 billion ($5.32 billion), accounting for 76.5 percent of Macau’s casino gross gaming revenue (GGR) from July to September.
Earlier this month, Bank of America noted that while 3Q24 GGR experienced a 13 percent year-on-year increase, there was a slight 1 percent decline compared to the previous quarter, largely attributed to typical seasonal trends.
For 3Q24, a 6 percent decline in EBITDA is expected quarter-on-quarter, attributed to increased promotional efforts across the industry.
In the upcoming earnings season, Bank of America anticipates that among the gaming operators, SJM Holdings will demonstrate the strongest performance, with a 20 percent growth in EBITDA in 3Q24 compared to the previous quarter, driven by the continued ramp-up of its Grand Lisboa Palace. In contrast, other operators are likely to see a decline in EBITDA.
