Macau VIP baccarat revenue up 67.9% in Q1

Macau VIP baccarat revenue up 67.9% in Q1

Macau’s VIP baccarat revenue reached MOP14.38bn in the first quarter of the year.

Macau.- The Gaming Inspection and Coordination Bureau has reported that VIP baccarat gaming revenue was MOP14.38bn (US$1.78bn) in the first quarter of the year. The figure accounted for 25.1 per cent of gross gaming revenue of MOP57.33bn (US$7.11bn). Revenue from the VIP segment increased by 13.2 per cent quarter-on-quarter and 67.9 per cent from the same period last year.

Revenue from mass-market baccarat was almost MOP34.59bn, up 3.1 per cent in quarter-on-quarter term and 68.7 per cent from a year earlier. The figure represented 60.3 per cent of all GGR and about 115.7 per cent of the first-quarter mass baccarat in 2019.

Slot machine revenue was nearly MOP3.2bn (US$399m), representing 5.6 per cent of the market. The figure was up 8.4 per cent quarter-on-quarter and 31.5 per cent from a year ago. Aggregate revenue from the overall mass market, including slot machines, was slightly under MOP42.95bn, representing 74.9 per cent of Macau’s casino GGR in Q1.

See also: Citigroup survey finds more casual players in Macau in April

Macau’s GGR for March was MOP19.50bn (US$2.42bn), an increase of 5.5 per cent month-on-month and 53.1 per cent when compared to March 2023. Cumulatively, Macau’s GGR for the first three months of 2024 was MOP$57.3bn (US$7.11bn), up 65.5 per cent year-on-year and implying a full-year run rate of around MOP$229.2bn (US$28.4bn).

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