VIP baccarat revenue generated by Macau casinos reached MOP13.3 billion ($1.65 billion) in the second quarter of 2024, representing 23.6 percent of the total gross gaming revenue (GGR), a small decrease from the 25 percent share held by the VIP sector in the previous quarter.
Data published today by the city’s gaming watchdog show that this amount marks a 7.4 percent decrease from the revenue generated in VIP baccarat tables in the first quarter, but a 9.5 percent year-on-year bump.
In the first half of 2024, Macau’s casinos generated MOP113.7 billion ($14.14 billion) in GGR, of which only 24.3 percent was generated by VIP baccarat tables.
Back in 2019, before the COVID-19 pandemic and a crackdown on junket operations, VIP tables generated almost half of the MOP149.5 billion ($18.58 billion) registered by local casinos in the first half of the year.
Meanwhile, mass-market baccarat revenue in Macau properties reached MOP34.6 billion ($4.30 billion) in the second quarter of this year, a small decrease from the previous quarter, but still 61.3 percent of total casino GGR for the period, and basically the same percentage for the first half of 2024.
Slot machines contributed some MOP3.2 billion ($398 million) to the total for the second quarter, with almost no change from the previous three month period.
The number of gaming tables and slot machines remained stable between April and June at 6,000 and 12,000 respectively.
As for other gaming types, Macau Slot Co. Ltd., the SAR’s sports betting concessionaire, seems to have received a boost from the 2024 Euro Cup and Copa America, with overall basketball bets dropping but with football bets rising 25.2 percent from the previous quarter to some MOP109 million ($13.5 million).
Overall, the sports betting operator generated MOP305 million ($37.89 million) in GGR in the first half of the year, a 2.3 percent jump from the same period of last year.
No more horse racing bets were recorded during this period, as the Macau Jockey Club shut down its operations in April of this year. Its last full quarter in operation generated only MOP9 million ($1.1 million) in revenue.
