Macau VIP Gaming Revenue Jumps 41.9 pct in Q2, Already Over One Fourth of Total GGR
MACAU, SAR (July 19, 2023) — Gross revenue generated from VIP gamblers soared 41.9 per cent in the second quarter of 2023, compared to the previous three months, Macau News Agency reports figures released by the Gaming Inspection and Coordination Bureau (DICJ) reveal.
MNA reports the MOP12.16 billion (USD 1.5 billion) revenue coming from VIP Baccarat accounted for 26 per cent of the overall Q2 gross gaming revenue (MOP45.5 billion/ USD 5.6 billion).
The VIP gaming revenue figure recorded in the second quarter of 2023 accounts for 36 per cent of the average quarterly VIP Baccarat revenue recorded in 2019, the last pre-pandemic full year.
Mass market baccarat increased by almost one third (31 per cent) over the previous quarter, the same official data indicates.
Also based on DICJ data, non-VIP revenue was 84.8 per cent of the average quarterly figure of 2019.
In the pre-pandemic year 2019, VIP baccarat revenue reached MOP135 billion (USD 17.7 billion), which represented 46 per cent of the full-year gross gaming revenue earned by local casinos. At the peak of the city’s junket/VIP sector in 2013, full-year VIP baccarat revenue hit MOP238 billion (USD 17.7 billion), accounting for two-thirds of that year’s record-breaking tally.
Macau’s GGR for the first half of 2023 reached MOP80.1 billion (USD 10 billion), an increase of 205 per cent compared to the same period last year.
SOURCE: Macau News Agency.Tags: Macau SAR, Gross Gaming Revenue, Q2 2023, VIP Gaming Revenue