Q3 2022: Baccarat accounts for 62% of Macau’s revenue

October 18, 2022 Macau Earnings & Filings Industry Updates

Macau has released its latest set of revenue data for September, which totalled MOP$2.96bn (US$366.5m), completing the region’s results for Q3 2022.

September’s revenue was down 50% year-on-year, with Macau still struggling amid lockdowns and restrictions imposed by China’s zero-Covid-19 policies.

All in all, baccarat accounted for 62% of Macau’s Q3 revenue, making it the game of choice in Macau.

However, September has also seen Macau hit a record low from VIP revenue, generating just MOP$1.16bn.

This is down significantly on VIP revenue of MOP$31.09bn, which Macau recorded in Q3 2019, before the pandemic. This is down 81% year-on-year.

Back then, VIP baccarat represented almost half of Macau’s revenue, compared to the 21% generated for Macau in Q3 2022.

In other areas, slot machine revenue stood at MOP$511m, a market share of 9%, while the overall mass market segment for Macau stood at MOP$4.4bn. This vertical includes slot machines and made up a significant portion of the region’s Q3 2022 revenue.