Decline in Mass Baccarat Drives 3.8% Drop in Macau Casino Revenue for Third Quarter of 2026

Macau’s casino industry posted lower gross gaming revenue in the third quarter of 2026. Total GGR stood at approximately MOP60.22 billion (US$7.46 billion), down 3.8% year-on-year and 1.3% from the second quarter.

The primary driver was weaker mass-market baccarat performance. The segment generated MOP33.61 billion (US$4.17 billion). This segment remains the largest category but saw its share of total GGR fall to 55.8% from 58.3% a year earlier.

Mass-Market Performance Details

The broader mass-market gaming category recorded GGR of MOP43.31 billion (US$5.37 billion), a 5.2% year-on-year decrease. Slot machines countered some weakness, delivering MOP4.09 billion (US$507 million) for an 18.8% annual increase and raising their share to 6.8%.

Other electronic gaming products fell 8% to approximately MOP1.14 billion. Overall, mass-market gaming made up 71.9% of total casino revenue, slightly below the 73% from the prior year. Its revenue reduction of MOP2.88 billion (US$357 million) exceeded the industry’s overall annual decrease, with stronger results in other gaming categories offsetting part of the losses.

Government Forecast Holds Amid Mixed Results

VIP baccarat generated MOP16.91 billion (US$2.09 billion), essentially flat with a 0.1% year-on-year rise but up 6.3% sequentially. For the first nine months of 2026, this category grew 9.9% to MOP52.38 billion (US$6.49 billion).

Sports betting outside casinos also advanced. Football betting rose 49% to MOP152 million (US$18.8 million), while basketball betting increased 4.8% to MOP44 million (US$5.5 million). The figures reflect the impact of the 2026 FIFA World Cup, which ended on July 19.

Chief Executive Sam Hou Fai confirmed that the government has given no consideration to reducing its annual GGR forecast of MOP236 billion (US$29.2 billion). The September-quarter results leave the industry facing softer mass baccarat revenue, although the sequential recovery in VIP play and annual growth in slot machine earnings provided some support. The remaining quarter will determine alignment with the official benchmark.

Reporting: World Casino News

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.