Aggregate third quarter results from Macau’s big six operators have shown that VIP casino gross gaming revenue (GRR) accounted for only 44 percent—the lowest mix ever compared to revenue generated by mass segment play—of the gambling market in that period, according to Union Gaming Securities Asia Ltd.

Data released by Macau casino regulator Gaming Inspection and Coordination Bureau (DICJ) revealed that VIP baccarat GGR in the three months ending September 30 made up 52 percent of all the GGR generated by casino games.

“The DICJ quarterly numbers no longer paint an accurate picture due to table reclassifications,” Union Gaming analyst Grant Govertsen said in a note.

Table reclassification in Macau, according to analysts, frequently ends in overweight number when tallying VIP GGR, and an underweight one for mass market play.