Macau's Entertainment Hubs VIP Gaming Experiences Slow Growth in 2018 Q3
The mass market gaming and the VIP segment of Macau's entertainment hubs are experiencing contrasting quarter with the former reported stronger growth than the latter.
According to the Q3 (FY 2018) data released by Macau's Gaming Inspection and Coordination Bureau (DICJ), the combined gross gaming revenue from all activities in Macau is MOP74.1b (US$9.2b), a 10.2% increase over the same period last year. For the year-to-date, gaming revenue is up nearly 16% to MOP224.9b ($27.86b).
Macau's VIP segment was already displaying signs of deceleration in Q2, and its share of Macau's overall pie shrunk by 1.37 points to 54.3% in Q3, while mass market baccarat rose 1.66 points to 34.4%.
"VIP baccarat revenue totaled nearly MOP40.1b in Q3 2018, up a modest 3.6% year-on-year, while mass market baccarat was up 21.5% to nearly MOP25.4b.", the data read.
Analysts at Bernstein are expecting October's total gambling revenue will come in somewhere between MOP27b-29b, which would represent a year-on-year improvement of 4-7%.
On another note, the Macau’s sports lottery saw a minor raise from the 2018 FIFA World Cup than it did from the first half of the tourney in Q2.