Macau's gambling industry continues to try to build back to pre-Covid levels, and it may be that mass market betting will play an important role in that, as the vertical beat out the vaunted VIP market in September in terms of revenues.
The Macau Gaming Inspection and Coordination Bureau reported that revenues were down 93% in September to MOP 4.88 billion, but that mass market betting revenues were up big to MOP 2.5 billion of that total. That means mass market revenues accounted for 57% of Macau's gaming revenues, the seventh straight month that it has beaten out VIP numbers.
Baccarat is what drove the numbers, with VIP baccarat coming in at MOP 2.34 billion, while mass market generated MOP 1.9 billion, while slot revenues were MOP 375 million. Sports lottery numbers were up huge to MOP 138 billion, caused by the start of European soccer and NBA basketball playoffs.
It certainly does appear that gambling has a long trek to get back to where it stood as a top-of-the-world market, but that the common man will be the ones that help get the destination back to where it was.