Mass-market baccarat remained the industry’s largest revenue source.
Macau.- VIP baccarat gross gaming revenue (GGR) in Macau fell 2.6 per cent year-on-year to MOP15.9bn (US$1.97bn) in the second quarter of 2026. That’s according to figures released by the Gaming Inspection and Coordination Bureau (DICJ).
VIP baccarat accounted for 26 per cent of Macau’s total gaming revenue during the quarter, down from 29.6 per cent in the January-March period and well below its 46.2 per cent share in 2019 before the Covid-19 pandemic. The Q2 figure represented an 18.8 per cent decline from the first quarter of 2026, when the segment generated MOP19.6bn (US$2.44bn).
Overall casino GGR for Q2 was MOP61.2bn (US$7.57bn), almost level from a year earlier but 7.3 per cent lower than the first quarter. Mass-market baccarat remained the industry’s largest revenue source, generating MOP35.2bn (US$4.35bn). Although the total was down 3.8 per cent quarter-on-quarter and 1.2 per cent year-on-year, the segment’s share GGR increased to 57.5 per cent, up from 55.4 per cent in the previous quarter.
Across the broader mass-market segment, including slot machines, GGR increased 0.8 per cent year-on-year to MOP45.1bn (US$5.59bn). Slot machine revenue climbed 17 per cent year-on-year to MOP4.11bn (US$509m). Revenue from live multi-game electronic products rose by 3.1 per cent to MOP1.30bn (US$161m). Analysts have previously cited lower hold rates and the FIFA World Cup as key factors behind the shift in GGR composition in June.
Mass-market baccarat remained the industry’s largest revenue source. Macau.- VIP baccarat gross gaming revenue (GGR) in Macau fell 2.6 per cent year-on-year to MOP15.9bn (US$1.97bn) in the second quarter of 2026. That’s according to figures released by the Gaming Inspection and Coordination Bureau (DICJ). VIP baccarat accounted for 26 per cent of Macau’s total gaming…
