Macau’s gaming industry generated total revenues of MOP$56.6 billion (US$7.03 billion) in the three months to 30 June 2024, slightly down on the MOP$57.5 billion (US$7.15 billion) generated in the March quarter due to a further decline in VIP baccarat, according to latest DICJ figures.

Having clawed back some market share in Q1, VIP baccarat saw revenues fall by 7.4% quarter-on-quarter to MOP$13.3 billion (US$1.65 billion) with market share also dropping from 25.0% to 23.5% for the quarter. To put the decline in VIP into perspective, VIP baccarat enjoyed 46.1% market share in 2019 – prior to the government’s crackdown on the Macau junket industry.

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