Macau’s gaming revenue for the third quarter of 2024 reached MOP55.6 billion ($6.95 billion), reflecting a slight decrease of 1.5% from the previous quarter but a notable increase of 13.9% year-on-year, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
The mass market segment, which includes baccarat, slots, and live multi-games, continued to dominate, accounting for MOP42.52 billion ($5.3 billion) or 76.5% of the total gaming revenue. This segment showcased resilience, with mass baccarat generating MOP34.09 billion — down 1.56% from Q2 but up 14.5% compared to the same period last year.
Notably, revenue from live multi-games reached a record MOP1.14 billion, marking a 6.6% increase quarter-on-quarter and a remarkable 42.9% rise year-on-year. Slot machine revenue also contributed, totaling MOP3.12 billion, despite a 2.87% decline from the previous quarter, which still represents a 9.3% year-on-year increase.
In contrast, the VIP segment recorded MOP13.08 billion in revenue, making up 23.5% of the total GGR. This segment experienced a 1.76% decline from Q2 but saw an 11.2% increase year-on-year. However, the Q3 revenue for VIP gaming remains at only 42.1% of the figures recorded during the same period in 2019, underscoring the lasting impacts of the COVID-19 pandemic and ongoing industry restructuring.
Market analysts have noted that the overall performance in Q3 was weaker than typical seasonal trends. UBS attributed this to potential one-off events, including the UEFA European Football Championship.
Bank of America noted that while 3Q24 GGR experienced a 13% year-on-year increase, there was a slight 1% decline compared to the previous quarter, largely attributed to typical seasonal trends. The bank also anticipates a 6% decline in EBITDA quarter-on-quarter, driven by increased promotional efforts across the gaming industry.
Original article: https://www.yogonet.com/international/noticias/2024/10/21/82363-macau-posts-695-billion-gaming-revenue-in-q3-with-mass-market-accounting-for-76-
