Macau mass market revenue slightly rises in 4Q24
Mass market casino revenue was up 2.2 per cent in quarter-on-quarter terms.
Macau.- The Gaming Inspection and Coordination Bureau has reported the city’s mass market casino gambling segment – including slot machines – generated revenue of MOP43.44 (US$5.41bn) in the fourth quarter of 2024. That’s a rise of 2.2 per cent sequentially and 4.9 per cent in year-on-year terms.
According to authorities, revenue accounted for 75.6 per cent of aggregate GGR for the period. This figure also represented approximately 109 per cent of mass market GGR in the same quarter of 2019, the period before the Covid-19 pandemic.
VIP baccarat experienced a 7 per cent quarter-on-quarter rise, contributing MOP13.99bn and accounting for around 43.3 per cent of the fourth-quarter 2019 levels. VIP baccarat held a 23.5 per cent market share of GGR in the final quarter of 2024.
Macau’s aggregate fourth-quarter GGR stood at MOP57.43bn, up 3.3 per cent quarter-on-quarter and 6.1 per cent in year-on-year terms. October emerged as the standout month, marking the highest performance since the onset of the Covid-19 pandemic in January 2020.
For full-year 2024, VIP baccarat revenue was MOP54.76bn. That’s an increase of 21.2 per cent year-on-year and accounted for 24.1 per cent of aggregate GGR for the 12-month period. It also represented circa 40.5 per cent of VIP revenue generated in 2019.
Revenue from mass-market baccarat was MOP137.91bn. That’s a rise of 24.8 per cent year-on-year. It represented 60.8 per cent of all GGR. Slot machine revenue was MOP12.92bn, up 18.4 per cent year-on-year.
Macau’s Financial Intelligence Office reports a rise in gaming-related suspicious transactions in 2024
The Financial Intelligence Office (FIO) has reported that casino operators filed 3,837 Suspicious Transaction Reports (STRs) in full-year 2024, an increase of 11.8 per cent year-on-year. Gaming accounted for 73.2 per cent of all STRs. The figure compares with 3,431 STRs reports in 2023, when gaming accounted for 74.4 per cent of the total.
Suspicious transaction reports across all sectors totalled 5,245 in the reported period, up 13.7 per cent from 4,614 in 2023. According to authorities, the change was mainly due to the increase in the number of STRs reported by the financial sector.
Financial and insurance institutions accounted for 1,097 reports, 20.9 per cent of the total and a rise of 23.7 per cent in year-on-year terms. The other institutions category accounted for 311 reports or 5.9 per cent of the total, up 5.07 per cent.
