VIP revenues reach 25% of Q1

VIP baccarat revenue in Macau for the first quarter of 2024 reached approximately MOP14.38 billion, according to data from the Gaming Inspection and Coordination Bureau (DICJ).

The figure accounted for a 25.1% share of overall gross gaming revenue (GGR), which amounted to nearly MOP57.33 billion during the same period.

Compared to the previous quarter, revenue in the VIP segment experienced growth of 13.2%, and it saw an impressive increase of 67.9% compared to the same period of the previous year.

In terms of mass-market baccarat, revenue reached approximately MOP34.59 billion during the first quarter, marking sequential growth of 3.1% and representing around 60.3% of the market share. Year-on-year, mass-market baccarat revenue surged by 68.7% and surpassed the first-quarter 2019 result by about 115.7%, a period prior to the onset of the Covid-19 pandemic.

Revenue from slot machines amounted to nearly MOP3.2 billion, accounting for approximately 5.6% of the market share. It demonstrated quarter-on-quarter growth of 8.4% and a year-on-year increase of 31.5%.

When considering the overall mass-market segment, which includes slot machines, aggregate revenue for the first quarter stood at just under MOP42.95 billion. This represented a significant 74.9% share of Macau’s casino GGR during the January to March period. Notably, this quarterly result exceeded the achievement of the comparable period in 2019 by 110.3%.

Staff Reporter