Macau VIP gaming investor Suncity Group is to be the official title sponsor of the Macau Grand Prix for the fifth consecutive year, the organising committee announced on Wednesday.
Suncity Group is committing MOP20 million (US$2.5 million) for the 65th Macau Grand Prix, the organisers said ahead of the racing event in November.
Suncity Group – led by Alvin Chau Cheok Wa and considered by investment analysts covering the casino sector as one of the largest junket investors in Macau – has been the title sponsor for the Macau Grand Prix since 2014.
Macau casino operator SJM Holdings Ltd was the title sponsor of the Macau Grand Prix in 2011 and 2012. In 2013 the title sponsor was Star River.Windsor Arch, a real estate project in Taipa, Macau.
The 2018 Macau Grand Prix runs between November 15 and 18.
Nov 24, 2020Morgan Stanley banking group says it remains “medium-term bullish” on the Macau casino sector, due to factors including pent-up demand within China for a variety of leisure services and spending,...
Nov 24, 2020
Nov 24, 2020
"Unfortunately, I cannot come to Macau nor can any of my team. The global pandemic has created a situation that is very difficult for all of us … I am very hopeful that we can come to Macau to bring back a reimagined House of Dancing Water"
Creative director of the House of Dancing Water show