Macau VIP baccarat revenue up 29% in Q3
Macau’s VIP baccarat revenue was MOP16.9bn (US$2.11bn).
Macau.- The Gaming Inspection and Coordination Bureau (DICJ) has reported that VIP baccarat gaming revenue was up 3.4 per cent quarter-on-quarter in the third quarter of the year at MOP16.9bn (US$2.11bn). In year-on-year terms, the figure was up 29.1 per cent. VIP baccarat accounted for 27 per cent of all GGR in the July-September period.
Mass-market revenue accounted for 73 per cent of the MOP62.6bn (US$7.83bn) aggregate GGR. Non-VIP Baccarat play revenue reached MOP36.5bn (US$4.56bn), up 2.7 per cent year-on-year and 3.67 per cent sequentially. Slot machines revenue reached MOP3.44bn (US$429.6m), up 2 per cent quarter-to-quarter, and 10.5 per cent year-on-year. Meanwhile, Live Multi Game revenue came in at MOP1.24bn (US$154.8m).
Earlier this week, JP Morgan revised downwards its gross gaming revenue (GGR) forecast for Macau’s casino sector for October. Analysts now expect GGR to increase between 3 per cent and 6 per cent year-on-year, down from a previous estimate of 11 per cent. They have also cut their growth forecast for Q4 from 13 to 9 per cent. Analysts DS Kim, Selina Li and Lindsey Qian said that Golden Week numbers “were not so golden,” and and that the period to November “looks to be uninspiring.”
