Macau Baccarat Revenue in Q3 2026: VIP Gains, Combined Decline
VIP Baccarat’s quarterly gain was smaller than the decline in the separately labelled Baccarat row. Comparing the figures shows the net change without guessing what caused it.
Updated
The key points
Source period: 2026-Q3. The source period and article publication date are distinct.
Two rows, opposite movements
DICJ reports VIP Baccarat gross revenue of 16,906 million patacas for the third quarter of 2026, up from 15,901 million in the second quarter. The separate Baccarat row fell from 35,168 million to 33,612 million over the same periods. [1]
That distinction matters when reading a broad baccarat headline: improvement in one reported category does not establish improvement in the other. Both figures use the same unit, MOP million. [1]
The larger decline outweighed the gain
VIP Baccarat gained 1,005 million MOP, while the Baccarat row lost 1,556 million. Together they declined by 551 million, from 51,069 million in Q2 to 50,518 million in Q3. This calculation covers only those two rows. [1]
The comparison answers a limited but useful question: did the VIP increase offset the other row’s decrease? It did not. The numbers alone offer no explanation for either movement. [1]
The annual forecast has a different scope
In the separate government report, the Chief Executive put the full-year 2026 gross gaming revenue estimate at 236 billion patacas, against a cumulative total of about 187.1 billion at the end of September. He said there were no plans to change the forecast. [2]
That statement concerns the year and the gaming market overall. It is not a projection for either baccarat row. The accumulated figure and the annual estimate also play different roles: one describes the position reported at September’s end; the other remains an outlook for the full year. [2]
Read the quarterly comparison and the forecast together for context, while keeping their periods and coverage distinct. A lower combined baccarat figure does not, by itself, establish whether the annual target will be reached. [1] [2]
Sources & reporting notes
Original WGR reporting and analysis prepared with AI assistance and a separate source review. Source records and their observation dates are listed below.
- Gaming Inspection, and Coordination Bureau. Macao SAR ↗Macao Gaming Inspection and Coordination Bureau · Checked
- CE: 2027 Policy Address to cover areas of public concern and advance Macao’s Third Five-Year Plan – Macao SAR Government Portal ↗Macao SAR Government · Checked
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