The Gaming Inspection and Coordination Bureau reported that Macau mass market baccarat sector earned $3.32 billion in the second quarter of 2023. The sector drove the overall gambling industry of the Chinese gambling hub.
According to iGaming news in Korea, mass market baccarat represented 58.4 percent of the gross revenue of the Macau industry in the second quarter. It was a slight decline from the 58.9 percent share of the market in the first three months of the year. However, it is 20 percent higher compared to the same period in 2019.
VIP baccarat improved its performance in the second quarter. Its revenue is $1.51 billion, which is 26.6 percent of the total revenue in the quarter. Also, sports betting resources stated its revenue share increased 24.5 percent compared to the year’s first quarter.
Macau Mass Market Baccarat Earnings
According to gambling reviews and news sites, Q2 2023 saw a 31.1 percent increase in gross gaming income for Macau’s casinos compared to Q1 2023, totaling MOP$45.65 billion (US$5.68 billion). According to the same source, the limitations regarding Covid19 were lifted on January 8, 2023, making Q2 2023 the first complete quarter after the ban.
However, since then, the gaming sector in Macau has picked up speed, consolidating at a rate much above the levels seen before the epidemic. New baccarat numbers, however, attest to the region’s existing market dynamics, as they show a growing proportion of the mass sector. It has been stated that concessionaires are moving their attention to the alluring premium mass market to make the most of the present trend. The operator switched because this market offered greater profit than the traditional junket approach.
After the Macau government amended the outdated junket law, the general market tendency allegedly drove VIP activities towards a direct VIP model. According to IAG, the newest revision forbids junkets from engaging in revenue-sharing arrangements with operators, limits them to working with a single concessionaire, and prevents them from operating their own VIP areas outside casinos.
According to reports, the collapse of the Macau junket sector was directly attributable to the arrests of Suncity Group and Tak Chun Group officials. However, this drop has allowed a way for other market developments and trends, such as the growing premium mass category, which is currently receiving most of the gaming business in Macau’s focus.
