Macau regulator says VIP baccarat revenue up 20% in 1Q21

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New data published by Macaus Gaming Inspection and Coordination Bureau has revealed a 19.6% sequential increase in VIP baccarat revenues in 1Q21, outstripping the pace of recovery from the mass market segment.

According to the DICJs figures, VIP baccarat contributed GGR of MOP$9.13 billion (US$1.14 billion) in the three months to 31 March 2021, up from MOP$7.63 billion (US$953.6 million) in 4Q20.

By comparison, mass baccarat recorded only a slight 1.8% increase to MOP$12.06 billion (US$1.51 billion), with total Macau revenue from games of fortune for the quarter growing 8.1% sequentially to MOP$23.81 billion (US$2.97 billion).

The surge in VIP revenue saw the segment reclaim some market share, rising from just 34.6% of Macaus GGR in the final three months of 2020 to 38.3% in Q1 although it remains down on the 45.3% share it enjoyed in 3Q20 and well below a decade ago when VIP baccarat accounted for 73% of the citys gaming revenue. Mass baccarat contributed 50.6% of revenue in 1Q21.

Macaus 1Q21 revenue results reflect rising visitation through the month of March, tempered by a slower than expected start to the year following an outbreak of COVID-19 in parts of mainland China that impacted travel during Chinese New Year.