{"id":5714,"date":"2020-04-17T10:21:15","date_gmt":"2020-04-17T10:21:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=5714"},"modified":"2026-04-24T06:00:53","modified_gmt":"2026-04-24T09:00:53","slug":"macau-vip-baccarat-gaming","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-vip-baccarat-gaming","title":{"rendered":"Macau: 1Q19 GGR down 59%"},"content":{"rendered":"\n

Official numbers reveal GGR of just MOP$30.64 billion (\u20ac3.51 billion) in the first quarter of the year. <\/p>\n\n\n\n\n\n\n\n

Macau.- Macau’s gross gaming revenue fell 59.9 per cent year-on-year to just MOP$30.64 billion (\u20ac3.51 billion) in the first quarter of the year, according to the Gaming Inspection and Coordination Bureau<\/strong><\/em>. <\/p>\n\n\n\n

The drop includes a 60.2 per cent decline in GGR from VIP baccarat, which contributed just MOP$14.81billion (\u20ac1.7billion) during the period, down from MOP$37.21billion (\u20ac4.28billion) in 1Q19.<\/p>\n\n\n\n

Mass baccarat revenue suffered a similar decline, falling 59.3 per cent to MOP$12.15billion (\u20ac1.4billion) compared with MOP$29.88billion (\u20ac3.4billion) the year before.<\/p>\n\n\n\n

VIP baccarat has been losing its share of Macau GGR over the past year<\/strong><\/em><\/a>, but saw its contribution increase from 44.7 per cent of GGR in 4Q19 to 48.3 per cent in 1Q20, while mass baccarat declined from 42.4 per cent to 39.7 per cent.<\/p>\n\n\n\n

While the border restrictions in Macau<\/strong><\/em><\/a> remain in place, the outlook for the second quarter of the year is bleak. <\/p>\n\n\n\n

Sanford C Bernstein analysts estimate April GGR will decline by between 93 per cent and 95 per cent year-on-year.<\/p>\n\n\n\n

\u201cWe expect GGR to pick up again in May\/June with loosening travel restrictions, but any strong near-term recovery is unlikely,\u201d they concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"

Official numbers reveal GGR of just MOP$30.64 billion (\u20ac3.51 billion) in the first quarter of the year.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 gross gaming revenue (GGR) plummeted by 59.9% year-on-year in Q1, reaching MOP$30.64 billion (\u20ac3.51 billion), with both VIP and Mass baccarat experiencing significant declines. Analysts project a further 93-95% GGR drop for April, with a strong near-term recovery deemed unlikely despite anticipated loosening of travel restrictions.","focusai_entities":"Gaming Inspection and Coordination Bureau, Sanford C Bernstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Recovery Timeline","query":"What specific policy changes or travel restriction relaxations are anticipated to drive a more robust GGR recovery in Macau beyond the initial Q2 projections, and what is the estimated timeline for a return to pre-pandemic revenue levels?"},{"label":"VIP vs. Mass Strategy","query":"Given the shift in GGR contribution between VIP and Mass baccarat during this downturn, what strategic adjustments are Macau operators considering to optimize their vertical focus and mitigate future market volatility?"}],"footnotes":""},"categories":[160,161,16338,163,167,158],"tags":[512,725,257],"class_list":["post-5714","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-news-region","category-slider-home","tag-gaming","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5714","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5714"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5714\/revisions"}],"predecessor-version":[{"id":777010425,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5714\/revisions\/777010425"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}