Macau 3Q26 casino GGR fell 3.8% to MOP60.22 billion, with mass baccarat down 7.9% year over year. Slot machines rose 18.8% while VIP baccarat held flat.
Macau 3Q26 GGR fell 3.8% to MOP60.22 billion, as mass baccarat dropped 7.9% year over year and the mass segment fell 5.2%. Slot machines grew 18.8% to MOP4.09 billion and VIP baccarat was flat at MOP16.91 billion.
- Mass Baccarat Drives the Decline
- Slots Soar, VIP Holds Flat
- The Full-Year Forecast Stays at MOP236 Billion
- September Sets a Monthly Low
Macau 3Q26 casino GGR fell 3.8% to MOP60.22 billion, or $7.46 billion, as mass-market baccarat dropped 7.9% year over year. VIP play was flat and slot machines surged 18.8%. The result was inside the 3 to 5% decline HSBC tracked in mid-September.
Quarterly GGR was also down 1.3% from the second quarter. The Gaming Inspection and Coordination Bureau published the figures following the July to September period. The city’s casino market is losing ground to its own largest game.
Mass Baccarat Drives the Decline
Mass baccarat generated MOP33.61 billion in the third quarter, down 7.9% year over year and 4.4% quarter on quarter. The sequential loss alone was roughly MOP2.88 billion. Baccarat still dominates the city’s revenue, but its share fell to 55.8% of total casino GGR from 58.3% a year earlier.
The mass segment, which also includes slots and electronic table products, brought in MOP43.31 billion. That was 5.2% lower than a year earlier and made up 71.9% of the quarter’s casino GGR. Baccarat’s share of the mass segment’s revenue fell further, so the segment is growing less fast than the headline number suggests.
Slots Soar, VIP Holds Flat
Slot machines were the standout category. Slot GGR rose 18.8% year over year to MOP4.09 billion, lifting its share of the total to 6.8% from 5.5%. Live multi-game electronic products moved the other way, falling 8% to about MOP1.14 billion.
VIP baccarat revenue edged up 0.1% year over year to MOP16.91 billion, up 6.3% from the second quarter. Its share of GGR rose to 28.1% from 27% a year earlier. The DICJ calculates VIP revenue by how certain tables inside the integrated resorts are classified, and the six concessionaires report on a different basis. Their VIP figures are therefore not directly comparable with operator results.
The Full-Year Forecast Stays at MOP236 Billion
Gross gaming revenue across all categories reached MOP187.66 billion in the first nine months. To hit the government’s 2026 budget assumption of MOP236 billion, or $29.2 billion, Macau would need about MOP48 billion in the fourth quarter. That is well below the city’s recent quarterly run rate, so the shortfall is already visible rather than theoretical.
Chief Executive Sam Hou Fai said the government will keep the forecast where it stands and review October’s revenue before deciding whether to change it. October’s Golden Week visitor arrivals passed one million in the first six days of the month, which points in the direction of a stronger fourth quarter. September had been softer, though.
September Sets a Monthly Low Before the Rush
September GGR fell 1.2% year over year to MOP18.06 billion, or $2.24 billion. That is the lowest monthly figure of 2026 so far. The soft quarter ended with Golden Week arrivals passing one million in the first six days of October, leaving the market to see whether the holiday surge reverses the annual trend.
AGBrief covers Macau gaming data and concession results monthly.
Frequently Asked Questions
How much was Macau 3Q26 casino GGR?
Macau 3Q26 casino GGR was MOP60.22 billion, down 3.8% year over year and 1.3% quarter on quarter. That equates to roughly $7.46 billion in the July to September period.
Which game category drove the decline?
Mass baccarat generated MOP33.61 billion, down 7.9% year over year and 4.4% quarter on quarter. Its share of casino GGR fell to 55.8% from 58.3%. The mass segment overall, including slots and electronic table products, was 5.2% lower.
Why did slot GGR rise 18.8%?
Slot machines generated MOP4.09 billion in the quarter, up 18.8% year over year, and accounted for 6.8% of casino GGR versus 5.5% a year earlier. Live multi-game electronic products fell 8% to about MOP1.14 billion in the same period.
What is the VIP baccarat result?
VIP baccarat revenue rose 0.1% year over year to MOP16.91 billion, up 6.3% from Q2, with its share of GGR at 28.1%. The DICJ’s VIP figures are not directly comparable with operator results because concessionaires report on a different basis.
Has the full-year forecast changed?
No. Sam Hou Fai said the government will keep the MOP236 billion forecast for now and review October’s revenue before deciding on any change. The city needs about MOP48 billion in the fourth quarter to reach the budget target.
Why was September the weakest month?
September GGR fell 1.2% year over year to MOP18.06 billion, the lowest monthly figure of 2026. Golden Week visitor arrivals then passed one million in the first six days of October, leaving the annual picture to be decided by the holiday surge.
This article has been thoroughly researched and reviewed by the CasinoBait editorial team to ensure accuracy and relevance for Asian casino players.
