Macau Q3 Revenues Down 6.7% on Pre-Pandemic Figures

Macau Q3 Revenues Down 6.7% on Pre-Pandemic Figures) has published its latest quarterly report for the period ending September 30th (3Q23) revealing that gross gaming revenue (GGR) was down by 6.7% on 2019’s pre-pandemic figures.
Baccarat made up 60.8% of all revenues

According to the report, baccarat tables accounted for 60.8% of all gaming revenue during the quarter, up from the 58.4% share reported in the previous quarter. This was also significantly higher than the 43.1% share of mass GGR reported in Q3 of 2019.

VIP baccarat revenue accounted for 24% of all gaming revenue in Q3. This was a slight drop from the 26.6% reported in the previous quarter. By comparison, in 3Q19 VIP baccarat accounted for 43.8% of all revenue while in the same quarter in 2013 it generated 64.6% of total GGR.

Macau Q3 Revenues Down 6.7% on Pre-Pandemic Figures Macau Q3 Revenues Down 6.7% on Pre-Pandemic Figures

Tax Windfall

The Macau government has also reported that it collected a total of MOP$45.8 billion ($5.68 billion) for the first nine months of 2023 This represents a 203% increase year-on-year.

Macau Q3 Revenues Down 6.7% on Pre-Pandemic Figures

September saw the government generate taxes of MOP$57.5 billion ($7.14 billion),with gaming tax contributing 79.6% to the total tax take.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.