In the three months to September 30, Macau generated MOP3.44bn (US$425.5m) from mass-market baccarat.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Gaming Inspection and Co-ordination Bureau (DICJ) <\/strong>has reported that Macau’s mass-market baccarat generated MOP3.44bn (US$425.5m)<\/strong> in the third quarter of the year. The figure accounted for nearly 62.0 per cent of all gross gaming revenue (GGR) but was down 32.3 per cent when compared to the previous quarter and 67.4 per cent year-on-year.<\/p>\n\n\n\n VIP baccarat, which accounted for nearly half of Macau\u2019s GGR in 2019, accounted for 20.8 per cent in the three months to September 30 \u2013 just under MOP1.16bn of Macau\u2019s total MOP5.55bn third-quarter GGR. The figure was down 41.9 per cent quarter-on-quarter and down 80.6 per cent year-on-year.<\/p>\n\n\n\n Slot machine revenue was MOP511m. The figure accounted for 9.2 per cent of the market share. Mass-market games, including slot machines, accounted for nearly 79.2 per cent of Macau\u2019s second-quarter casino GGR, at nearly MOP4.40bn.<\/p>\n\n\n\n The number of live gaming tables in the Macau market decreased by 32 from the previous quarter to 5,974 at the end of September. The tally of slot machines as of September 30 was 12,387, versus 12,042 at the end of the second quarter.<\/p>\n\n\n\n The two-week closure of the casinos<\/a> and lack of tourists in July as a result of a new outbreak of Covid-19 cases contributed to a loss of US$1.5bn for the Macau gaming industry in Q3. Morgan Stanley has reported that the industry\u2019s net debt rose to US$24bn<\/strong>, and it expects that could rise again this quarter depending on the impact of e-visa\/package tours<\/a> and China\u2019s Covid-19 zero policy.<\/p>\n\n\n\n Casino operators collectively saw gross gaming revenue (GGR) of MOP5.5bn and negative corporate EBITDA of about US$600m<\/strong> for the third quarter. There were just 7,700 visitors from mainland China, down 50 per cent when compared to the previous quarter. The number of visitors improved in September.<\/p>\n\n\n\n According to Morgan Stanley, the industry will have burnt US$1.5bn of cash in Q3 (vs. US$1.4bn in Q2 2022). It forecasts that EBITDA will reach only 8 per cent of 2019 levels in the last quarter of the year. <\/p>\n","protected":false},"excerpt":{"rendered":" In the three months to September 30, Macau generated MOP3.44bn (US$425.5m) from mass-market baccarat.<\/p>\n","protected":false},"author":176,"featured_media":26697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Q3 GGR declined significantly to MOP5.55bn, with mass-market baccarat contributing 62.0% and VIP baccarat 20.8%, reflecting a substantial shift from pre-pandemic segment contributions. Casino operators collectively incurred US$1.5bn in losses and negative corporate EBITDA of US$600m, with net debt rising to US$24bn, primarily due to COVID-19 outbreaks and China's zero-COVID policy impacting visitor volumes. Morgan Stanley forecasts EBITDA to reach only 8% of 2019 levels in Q4.","focusai_entities":"Gaming Inspection and Co-ordination Bureau (DICJ), Morgan Stanley","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), operator_casino (1.0), supplier_vendor (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook","query":"What is the projected timeline and key drivers for Macau's GGR recovery, particularly considering the sustained impact of China's zero-COVID policy and potential shifts in VIP vs. mass-market contributions?"},{"label":"Operator Financial Resilience","query":"How are Macau's integrated resort operators managing the escalating net debt and cash burn, and what capital market strategies are being considered to ensure long-term financial resilience amidst prolonged market contraction?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,23906],"class_list":["post-34513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=34513"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34513\/revisions"}],"predecessor-version":[{"id":34553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34513\/revisions\/34553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26697"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Macau casino operators lost US$1.5bn in Q3<\/h2>\n\n\n\n