Macau’s non-VIP baccarat revenue fell 7.9% year on year to MOP33.612 billion in the third quarter of 2026, according to the Gaming Inspection and Coordination Bureau (DICJ). The decline in the market’s largest casino revenue category outweighed a small annual increase in VIP baccarat.
The figures cover July through September, not October trading. DICJ released the quarterly breakdown on October 16, as reported by Inside Asian Gaming on October 18. streamers.ph checked the regulator’s underlying tables on October 23.
Mass baccarat accounts for the largest decline
DICJ’s 2026 statistics list non-VIP play under “Baccarat,” separately from “VIP Baccarat.” The non-VIP category, commonly described as mass baccarat, generated MOP35.168 billion in the second quarter. Its third-quarter result was therefore down 4.4% sequentially, a reduction of MOP1.556 billion.
Against the MOP36.496 billion recorded in the third quarter of 2025, the annual decline was MOP2.884 billion. Mass baccarat’s share of casino gross gaming revenue fell to 55.8%, from 58.3% a year earlier. The annual revenue reduction exceeded the MOP2.355 billion decline in the casino market overall.
VIP baccarat rebounds from the second quarter
VIP baccarat produced MOP16.906 billion, compared with MOP16.886 billion a year earlier, an increase of just 0.1%. It rose 6.3% from the second quarter’s MOP15.901 billion. That sequential recovery partly offset the weakness in non-VIP baccarat, although it did not return VIP revenue to the first quarter’s MOP19.575 billion.
Together, the two principal baccarat categories generated MOP50.518 billion, equivalent to 83.9% of casino revenue. That combined figure excludes the separately reported three-card baccarat category. Slot-machine revenue increased 18.8% year on year to MOP4.091 billion, providing another partial offset to the non-VIP baccarat decline.
What the totals do, and do not, show
The regulator’s underlying dataset puts casino “Games of Fortune” revenue at MOP60.215 billion, down 3.8% year on year and 1.3% from the preceding quarter. The broader gaming total was MOP60.415 billion, including lotteries. These are different totals and should not be used interchangeably.
The results show baccarat’s continuing weight in Macau’s casino business, with non-VIP baccarat alone accounting for more than half of quarterly revenue. They do not establish why revenue fell. The table does not isolate premium-mass baccarat, identify individual operators’ performance or separate changes in wagering volume from changes in casino win rates.
All amounts above are in Macanese patacas (MOP), with the source reporting in millions. Percentage changes and revenue shares were calculated from DICJ’s published 2025 and 2026 values and rounded to one decimal place. No currency conversion has been applied.