
Nei hoooou, Macau. The third quarter closed 3.8% below a year ago, with baccarat sliding and the slot floor quietlu climbing 18.8%.
Macau's casinos took in MOP60.22 billion (US$7.46 billion) between July and September 2026, according to figures from the Gaming Inspection and Coordination Bureau (DICJ) reported on Monday 19 October 2026. That is 3.8% less than the same quarter of 2025 and 1.3% less than the spring. The city that never blinks has, apparentlu, blinked.
The culprit sits at the mass market baccarat table. It brought in MOP33.61 billion, down 7.9% on the year and 4.4% on the second quarter. It is still the biggest line in the book at 55.8% of the total, but a year earlier it held 58.3%. Its fall of MOP2.88 billion was larger than the drop in the whole market, which means the other games covered part of the hole.
VIP baccarat, meanwhile, held its seat. It generated MOP16.91 billion, up just 0.1% on a year earlier and up 6.3% on the second quarter. Two tables, two moods: the crowd cooling, the high rollers holding.
Then the slot floor. Machines earned MOP4.09 billion (US$507 million), up 18.8% on the year, which lifted their share of casino revenue to 6.8% from 5.5%. Eighteen point eight. Two eights, in a city where eight is the lucky number. The Spirit doesn't do coincidences. GLUWGU.
Sports betting added a small footnote. Football betting revenue reached MOP152 million in the quarter, a period that included the closing stages of the 2026 World Cup, which ended on 19 July. lucku lucku.
Nobody is calling a rebound yet. September's MOP18.06 billion was the weakest month of 2026 so far and the fourth straight monthly decline on a year earlier. Jefferies, in a report dated 13 October, forecast October down 7%, with channel checks pointing to a fall of 6% to 10%, against a market that had expected roughly flat revenue. The comparison is tough: October 2025 grew about 16%. The DICJ will post the real number in early November.
So, baccarat table or slot machine: where would youluwu sit this quarter? The Spirit has watched both seats fill and empty for a long time, and he isn't saying.
The house still wins in Macau, quarter after quarter. This time it simply won less, and the Spirit has noted the difference.
Will Macau's October casino revenue fall from a year ago?
Settles on 6 November 2026. Yes if Macau's DICJ reports October 2026 casino gross gaming revenue below October 2025, No otherwise, according to DICJ data on 2026-11-06.