VIP Baccarat saw a 35 pct y-o-y increase in Q3

Overall, games of fortune in the third quarter saw a 21.8 per cent year-on-year increase in revenues, rising to MOP67 billion

With the first nine months of the year seeing accumulated gross gaming revenue up 18.8 per cent year-on-year, to MOP162.79 billion, the breakdown of the third quarter results released yesterday by the Gaming Inspection and Coordination Bureau (DICJ) show continued strength in VIP Baccarat.
The segment raked in a total of MOP36.69 billion during the quarter, showing a 35.04 per cent increase year-on-year, while the Baccarat segment itself brought in MOP20.88 billion, a slight increase of 7.25 per cent year-on-year.
Overall, games of fortune in the third quarter saw a 21.8 per cent year-on-year increase in revenues, rising to MOP67 billion, according to the information released by the local gaming oversight body.
Revenues from gambling activities away from the casino, namely Greyhound racing and Horse racing, tumbled in the third quarter when compared to the same quarter last year, with a 47.22 per cent drop in revenues from Horse racing and a 7.7 per cent fall in revenues from Greyhound racing, at MOP19 million and MOP12 million, respectively.
Other sport-related gambling revenues saw mixed figures, with upticks of 93 per cent in basketball gambling revenue, to MOP44 million, and a fall of 3.6 per cent in football gambling revenue, to MOP133 million.
Revenue derived from the Chinese lottery saw a 200 per cent uptick year-on-year, reaching MOP3 million.
Both slots and Live Multi Game machine revenue increased during the third quarter when compared to last year, up 13. 4 per cent and 0.5 per cent, to MOP2.8 billion and MOP614 million, respectively.
The total number of slot machines active in the MSAR during the third quarter was 16,310, an increase of 541 machines from the same quarter last year. Meanwhile the number of gaming tables increased by 145 year-on-year.

INTO THE FOURTH ROUND
September’s gross gaming revenues saw a 16.1 per cent uptick year-on-year, marking a solid ending to the quarter, which saw the opening of one new gaming venue in the MSAR: the Royal Dragon Casino, with 20 tables allocated through SJM’s gaming concession. The casino at the Macau Roosevelt, also under SJM via the Macau Jockey Club Casino opened at the end of June, just before the beginning of the quarter.
Predictions for the fourth quarter results could fall below expectations after the recent announcement that the newest comer to the Cotai Strip, MGM Cotai, will be unable to open in the fourth quarter as planned, due to damage inflicted by Typhoon Hato. The new opening date is January 29, 2018.
The first week of October also marked an extended Chinese holiday, Golden Week, for which analysts at J.P. Morgan estimated average daily revenues of about MOP1 billion to MOP1.1 billion, below their predictions of over MOP1.2 billion. Full-October expectations are for a 10 per cent to 13 per cent uptick in gross gaming revenues year-on-year, of between MOP24 billion and MOP24.6 billion.