Macau VIP rolling chip turnover plunges by nearly 50% in August

Macau VIP rolling chip turnover plunges by nearly 50% in August
Macau’s total VIP casino rolling chip turnover fell to 19.8 billion patacas in August. (Allin photo)

Macau’s total VIP casino rolling chip turnover fell to 19.8 billion patacas in August due to tightened travel restrictions brought about by fresh coronavirus cases reported in the city, which was a month-on-month decrease of 48.6%. Gross profits of VIP rooms in the city stood at 730 million patacas in August, a drop of 49% compared with the previous month, according to informed sources.

Local casino VIP rooms saw the worst performance of this year in August. Even the two industry giants, Suncity and Tak Chun, recorded a mere two-digit figure in rolling chip turnover.

Although Macau’s gross gaming revenues are expected to slowly recover after the local cases of coronavirus were successfully contained in August, the junket industry is doomed for a rough ride ahead as it is facing increasing regulatory pressure.

In a draft five-year development plan released last week, the Macau government vowed to promote the healthy and balanced development of the gaming sector by weaning casinos’ over-reliance on VIP junkets and promoting the mass market.

Ranking of VIP business of gaming operators in August:

1. Galaxy Entertainment (27)

2. Wynn Macau (1128)

3. Sands China (1928)

4. Melco International (200)

5. MGM China (2282)

6. SJM Holdings (880)

Ranking of VIP junket operators in August:

1. Suncity Group

2. Tak Chun Group

3. Guangdong Group

4. MEG-Star Group

5. Macau Golden Group

6. HengSheng Group