DICJ Figures Pin Macau Q3 2026 GGR Contraction on 7.9 Percent Mass Baccarat Decline
Macau Q3 GGR fell 3.7% YoY to MOP$60.4bn, driven by a 7.9% drop in mass baccarat to MOP$33.6bn. VIP baccarat was flat YoY but rose 6.3% QoQ to MOP$16.9bn. The government maintains its MOP$236bn full-year forecast despite noted headwinds.
SCCG Take — Mass segment weakness accounts for the bulk of the contraction; unchanged official guidance leaves operators to manage near-term volume pressure without policy adjustment.
Macau’s industry-wide gross gaming revenue contracted in the third quarter of 2026. The 3.7 percent year-on-year decline brought total GGR to MOP$60.4 billion (US$7.47 billion). The primary driver was a decline in mass baccarat GGR, according to data released by the Gaming Inspection and Coordination Bureau (DICJ).
Mass baccarat, which includes both mass and premium mass revenues, generated MOP$33.6 billion (US$4.16 billion). That figure was also 4.4 percent lower than the second quarter. Total GGR fell 1.3 percent sequentially.
VIP baccarat GGR stayed flat year-on-year. It rose 6.3 percent from the prior quarter to MOP$16.9 billion (US$2.09 billion).
Segment Reporting Divergence
Inside Asian Gaming notes that the DICJ’s calculations of VIP GGR differ significantly from how concessionaires report the category. Operators typically record VIP as a much lower percentage of total gaming revenues than the DICJ segmentation indicates.
Forecast Holds Steady
External factors including the football World Cup in North America and China capital controls have weighed on the recent GGR outlook. Chief Executive Sam Hou Fai stated that the government has given no consideration to lowering its benchmark for the full year. The 2026 GGR forecast remains MOP$236 billion (US$29.2 billion).
Reporting: Inside Asian Gaming
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
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