Macau Casino Groups Rally With US$15 Million Backing for Annual Grand Prix

Key Moments:

  • Six casino operators have jointly pledged MOP120 million (US$15 million) to sponsor the Macau Grand Prix in November
  • Each operator is contributing MOP20 million, collectively funding a significant part of the event’s MOP240 million budget
  • Casino investments in non-gaming projects have increased, aligning with government strategies for economic diversification

Unified Industry Support for Major Sporting Event

Macau’s six leading casino operators have combined resources, pledging MOP120 million (equivalent to US$15 million) as sponsorship for this year’s Macau Grand Prix, scheduled for November. Galaxy Entertainment Group, Melco Resorts & Entertainment, MGM China Holdings, Sands China, SJM Resorts, and Wynn Macau are each contributing MOP20 million, forming a significant part of the event’s total MOP240 million funding. This collective move, announced by the Grand Prix Organizing Committee, underscores the gaming sector’s cooperative backing of one of the city’s premier sporting and entertainment events.

Economic Diversification Through Non-Gaming Investment

According to a joint statement from Macau’s Sports Bureau and the Grand Prix Organizing Committee, the sponsorship aims to encourage local businesses to expand investments into non-gaming activities. The Grand Prix is positioned as a platform to showcase Macau’s offerings beyond just gaming, supporting government policies designed to grow the city’s sports and cultural attractions. The six casino groups have factored these goals into their strategic business plans, particularly as part of the newly implemented 10-year gaming concessions, effective since January 2023.

Casino Operators Step Up Non-Gaming Commitments

As outlined in their most recent licensing agreements, the six operators pledged a combined MOP108.7 billion investment into non-gaming projects. This target was boosted by 20 percent after Macau’s aggregate market-wide casino gross gaming revenue surpassed MOP180 billion in 2023, reinforcing their dedication to the city’s long-range growth and diversification. The new Grand Prix sponsorship reaffirms the operators’ intention to help position Macau as a destination blending world-class sporting events with its established gaming reputation.

Racing Toward an Enhanced Tourism Landscape

The Macau Grand Prix, set to feature seven competitive races between November 13th and 16th, is anticipated to draw significant international attention and increase local tourism revenue. The event continues to play a key role in promoting Macau’s transformation into a vibrant, multi-faceted tourism hub. Casino sector engagement in high-profile events like the Grand Prix highlights the ongoing focus on broadening the city’s appeal to visitors and supporting a sustainable economic future.

Casino OperatorGrand Prix Contribution (MOP)Grand Prix Contribution (USD)
Galaxy Entertainment Group20 million2.5 million
Melco Resorts & Entertainment20 million2.5 million
MGM China Holdings20 million2.5 million
Sands China20 million2.5 million
SJM Resorts20 million2.5 million
Wynn Macau20 million2.5 million
  • Author

Daniel Williams

Daniel Williams has started his writing career as a freelance author at a local paper media. After working there for a couple of years and writing on various topics, he found his interest for the gambling industry.
Daniel Williams
Casino Guardian covers the latest news and events in the casino industry. Here you can also find extensive guides for roulette, slots, blackjack, video poker, and all live casino games as well as reviews of the most trusted UK online casinos and their mobile casino apps.

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