Popular market baccarat earned nearly $29.77 billion ($3.7 billion) in the third quarter of 2023 in Macau, up 11.6% from the second quarter of this year.

However, VIP baccarat declined 3.2% sequentially, accounting for nearly MOP 11.77 billion. That equates to a 24.1 percent market share, according to data released Monday, according to the city’s casino regulator, the Game Inspection Coordination Bureau.

Slot machine sales were just over MOP 2.85 billion, which is about 5.8% of the market. This is a 7.8% increase from the previous quarter.

Total revenue for the entire public market segment, including slot machines, was just under MOP37.04 billion, accounting for nearly 75.9% of Macau’s casino GGR in the three months to September 30.

Recent large market GGR quarterly results represent 93.3% of MOP 39.71 billion achieved in a similar period in 2019 before the onset of the COVID-19 pandemic

Macau’s GGR for the third quarter was MOP 48.81 billion, up 7.3% from MOP 45.49 billion over the past three months.

Last week, banking group Morgan Stanley said it expected Macau casino company earnings to rise by about “12%” quarter-on-quarter to just under $1.81 billion in the third quarter before interest, taxes, depreciation and amortization. That would be about 79% of 2019 levels, it added.

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