GGRAsia – Macau VIP revenue up 35pct yr-on-yr in 2Q: govt

Macau VIP revenue up 35pct yr-on-yr in 2Q: govt

Jul 17, 2017 Newsdesk Latest News, Macau, Top of the deck

Casino gross gaming revenue (GGR) in Macau’s VIP baccarat segment rose 34.8 percent year-on-year in the second quarter, according to data released on Monday by the local regulator, the Gaming Inspection and Coordination Bureau.

Mass-market GGR including slots rose 8.1 percent year-on-year.

VIP baccarat GGR in the April to June period was approximately MOP35.86 billion (US$4.46 billion) compared to MOP26.60 billion in the prior-year period.

Mass-market GGR including slots in the second quarter was MOP27.04 billion, compared to MOP25.01 billion in the prior-year period.

The aggregate for all casino GGR in the second quarter 2017 had been reported on July 1 by the gaming bureau as standing at MOP62.90 billion, up 21.9 percent from a year earlier.

In the breakdown of that revenue, released on Monday by the bureau, VIP play as a proportion of all casino GGR for the second quarter stood at 57.0 percent, compared to the 51.5 percent contribution made by VIP in the second quarter 2016.

Mass-market baccarat as a segment accounted for MOP19.71 billion, or 31.3 percent, of all casino GGR in the second quarter 2017. In the second quarter 2016, mass-market baccarat had been MOP18.65 billion, or 36.1 percent, of all casino GGR. In the second quarter this year, revenue from mass-market baccarat increased by 5.7 percent year-on-year, according to the data out on Monday.

The number of live dealer tables in the Macau market declined by 10 units quarter-on-quarter in the April to June period, to 6,413.

Slot machine revenue in the three months to June 30 this year rose 17.2 percent to MOP3.08 billion, compared to MOP2.63 billion in the prior-year quarter.

The number of slot machines in the market during the second quarter this year rose 1.2 percent, to 16,204, compared to 16,018 in the prior-quarter period.

Casino GGR from live multi game – a category of electronic table using a live dealer but electronic betting and bet settlement – rose 9.3 percent year-on-year in the second quarter of 2017, to MOP614 million, from MOP562 million in the prior-year period.