Macau VIP baccarat gross gaming revenue (GGR) fell by 22.5 percent year-on-year in the third quarter, according to government data released on Wednesday.
The rate of VIP annual decline was offset somewhat by the 20.5-percent year-on-year growth recorded for mass-segment baccarat GGR, according to the city’s regulator, the Gaming Inspection and Coordination Bureau, a body also known as DICJ.
Gaming bureau data confirmed that third-quarter aggregate VIP GGR was slightly below MOP31.09 billion (US$3.85 billion), compared to MOP40.09 billion a year earlier.
In the breakdown for third-quarter 2019, mass-market baccarat GGR was nearly MOP30.58 billion, compared to MOP25.38 billion a year earlier.
Third-quarter mass-market revenue including slots was just under MOP39.71 billion. As a proportion of all casino GGR in the period, it stood at just under 56.1 percent.
VIP baccarat revenue as a proportion of all casino GGR in the third quarter stood at 43.9 percent. In the preceding period, i.e. second quarter, it had been 47.2 percent.
The aggregate of Macau casino GGR for the nine months to September 30 stood at MOP220.30 billion, a contraction of 1.7 percent year-on-year, the government had confirmed on October 1.
According to the official data released on Wednesday, GGR from slot machines was just under MOP3.82 billion in the third quarter, up 8.6 percent on the MOP3.51 billion in the third quarter of 2018.
Third-quarter 2019 revenue from live multi game products – those featuring table-style games with live dealers but electronic betting and electronic bet settlement – was MOP737 million, an increase of 0.5 percent on the MOP733 million from the prior-year period.
The number of live-dealer gaming tables in the Macau market stood at 6,756 in the third quarter this year, compared with 6,734 registered at the end of the previous quarter.
The number of slot machines in the Macau market stood at 17,348 in the third quarter, compared to 17,638 in the second quarter, and 17,218 in the third quarter 2018.
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”China has been strengthening the control over capital flow, and the impact of that has already been reflected [on Macau’s gaming revenue trend]. There should not be any bigger impact from the new… legislation [on the mainland] … on the gaming revenue trend here”
Wilfred Wong Ying Wai
President of Macau casino operator Sands China