Macao Popular Markets GGR Sequentially flat in Q2

Macau’s casino bulk market segment, including slot machines, generated revenue of just under $43.12 billion ($5.36 billion) in the second quarter of 2024, accounting for 76.4% of total gaming revenue (GGR) of nearly $56.43 billion in the period. That’s information about Macau’s casinos, according to data released on Tuesday by the Game Inspection Coordination Bureau, Macau’s casino regulator.

Public market revenue rose 0.4% sequentially in the three months to June 30, the data showed. The figure was up 29.3% from a year ago.

In the second quarter, mass market baccarat’s revenue alone fell sequentially to $34.63 billion, representing a market share of approximately 61.4% of the total GGR during the reporting period.

Popular market baccarat sales were up 29.8% year-over-year, up 17.0% from earnings in the second quarter of 2019, the last trading year before the start of the COVID-19 pandemic.

VIP Baccarat generated revenue of just over MOP 133.1 billion between April and June, during which it held a 23.6% share of GGR.

Revenue in the VIP segment fell 7.4% in the second quarter compared to the previous quarter, and was up 9.5% year-over-year.

Slot machine sales came in at 3.21 billion MOPs with a market share of about 5.7%. It was flat from the previous quarter, up 21.4% from a year ago.

The second quarter included MOP 201.9 billion, May’s standout GGR performance.

The May 2024 results marked the best monthly tally since January 2020, the beginning of the COVID-19 pandemic. The city had a GGR of 22.13 billion MOPs at the time.

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