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.
Oct 22, 2021Starting from the stroke of midnight on October 24 (Sunday), travellers arriving in China’s capital Beijing from Macau are no longer required to undergo a 14-day period of “centralised medical...
”Our own consensus is that any newcomers to this [junket] sector should be corporatised, and should be financially sound and able to commit a higher guarantee deposit”
Kwok Chi Chung
President of junket trade body, the Macau Association of Gaming and Entertainment Promoters