Macau mass-market baccarat revenue up by 11.6%

Mass-market baccarat in Macau generated a healthy MOP29.77 billion in revenue in Q3 2023, up 11.6 percent from Q2. VIP baccarat, on the other hand, had a sequential fall of 3.2 percent, totaling to around MOP11.77 billion and retaining a 24.1 percent market share.

Slot machine revenue came in at little over MOP2.85 billion, up 7.8% from the previous quarter and giving the company a roughly 5.8% market share.

For the three months that ended on September 30, the combined revenue from the larger mass-market segment—which includes slot machines—amounted to around MOP37.04 billion, or 75.9 percent of Macau’s casino GGR. This outcome equals 93.3 percent of the MOP39.71 billion pre-pandemic Q3 2019 GGR amount.

Macau’s gross domestic product (GDP) increased by 7.3 percent to MOP48.81 billion in the third quarter of 2023 compared to MOP45.49 billion in the same period the previous year.

Macau’s casino corporate earnings before interest, taxation, depreciation, and amortization (EBITDA) were expected to reach US$1.81 billion, or roughly 79 percent of 2019 levels, in the third quarter, up about 12 percent from the previous quarter, according to banking group Morgan Stanley.

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Original story by: GGRAsia