MACAU BUSINESS
M
acau’s mass market segment, including baccarat, slots, and live multi-games (LMG), generated MOP42.52 billion (US$5.3 billion) in the third quarter of 2024, representing a 76.5-percent share of the total gross gaming revenue, with LMG achieving record-breaking quarterly revenue again. Latest data released by the Gaming Inspection and Coordination Bureau (DICJ), the industry’s regulator, indicates that the third quarter revenue from the mass gaming segment saw a slight dip of 1.38 percent from the second quarter of 2024.
However, it marked a 14.8 percent increase compared to the same period the previous year.
The latest quarterly revenue also translated to a 7.1 percent surge from the third quarter of 2019 prior to the onset of the Covid-19 pandemic.
revenue from mass baccarat reached MOP34.09 billion in the 1.56 percent decline from the previous quarter, it still represented a robust 14.5 percent growth year-on-year.
Meanwhile, LMG products—integrated gaming devices that feature a live dealer managing various casino table games— achieved a new milestone, reaching a record quarterly revenue of MOP1.14 billion in the July-September 2024 period. This marked a substantial 6.6 percent increase from the previous quarter, a 42.9 percent surge from the corresponding period last year, and a 54.7 percent leap from the pre-Covid levels of 2019. Slot machine revenue, on the other hand, amounted to MOP3.12 percent decrease from the previous quarter but a notable 9.3 percent rise from the same period a year earlier.
M
acau’s Court of Second Instance (TSI) has upheld the lower court ruling against Asian American’s multi- billion-dollar compensation claims regarding the granting of a gaming sub-concession to Venetian Macau S.A., a subsidiary of US casino giant Las Vegas Sands (LVS), back in 2002.
Asian American Entertainment Corporation (AAEC) is now planning to take the case to the SAR’s top court for a final ruling, the lawyer representing the company confirmed to Macau News Agency.
AAEC, a company owned by Taiwanese businessman Marshall Hao Shi-shen, sought at least USD 7.5 billion (MOP 60 billion) in compensation for damages stemming from an
alleged violation of agreements with LVS, after the US company shifted its partnership to Galaxy.
The partnership between LVS and Galaxy eventually collapsed, with Macau authorities granting Galaxy a casino concession and Venetian becoming a sub-concessionaire. In April 2022, Macau’s Court of First Instance ruled against AAEC’s claims, a decision that has now been upheld by the intermediate court. The content of the TSI’s decision has not yet been made public, and AAEC lawyer Jorge Menezes told MNA that he has yet to read the judgment. While stressing that he “will not comment on the contents of the case,” Menezes indicated that “the likelihood of an AAEC appeal is close to 100 per cent.”
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