Macau’s Gaming Inspection and Coordination Bureau has reported mass gross gaming revenue for the first quarter of the year.<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Gaming Inspection and Co-ordination Bureau (DICJ)\u00a0<\/strong>has reported that mass-market games, including slot machines, accounted for nearly 72.8 per cent of all Macau casinos\u2019 gross gaming revenue (GGR) in the first quarter of 2022, at nearly MOP12.94bn (US$1.60bn).<\/p>\n\n\n\n However, mass-market revenue was down 8.8 per cent year-on-year and 10.9 per cent quarter-on-quarter. Mass-market games, including slot machines, accounted for <\/strong>74.3 per cent of Macau\u2019s GGR in the fourth quarter of 2021<\/a>, at nearly MOP14.18bn (US$1.77bn)<\/p>\n\n\n\n VIP baccarat, which accounted for nearly half of Macau\u2019s GGR in 2019, accounted for 27.2 per cent in the three months to March 31 \u2013 just under MOP4.84bn. Mass-market baccarat revenue accounted\u00a0for 60.9 per cent of GGR <\/strong>at MOP10.82bn. Slot machines accounted for 6.2 per cent at MOP1.1bn.<\/p>\n\n\n\n The global financial services firm UBS <\/strong>estimates that Macau\u2019s gross gaming revenue (GGR) is unlikely to return to pre-pandemic levels until 2027. It predicts a 29 per cent drop in revenue this year, forecasting sales of around $12bn, 34 per cent of 2019 levels<\/strong> ($36bn).<\/p>\n\n\n\n Mass market revenue is expected to reach 90 per cent of pre-Covid levels this year, compared to 25 per cent for VIP. UBS has also cut its 2023 forecast by 15 per cent due to the ongoing Covid-19 outbreak in mainland China<\/a>. It now predicts GGR for 2023 will reach 64 per cent of 2019 levels.<\/p>\n\n\n\nMacau GGR won\u2019t return to pre-pandemic levels until 2027, UBS says<\/h2>\n\n\n\n