Macau VIP operator Suncity Group is the official sponsor of this year’s Macau Grand Prix, the organising committee announced on Tuesday. The junket operator is also the title sponsor for the Formula 3 Macau Grand Prix, the Macau Motorcycle Grand Prix and the FIA World Touring Car Championship 2014 season finale.
Suncity Group is committing MOP16.6 million (US$2.08 million) for the 61st Macau Grand Prix, the organisers said ahead of the racing event in November.
Casino operator SJM Holdings Ltd was the official sponsor of the Macau Grand Prix in 2011 and 2012.
After a double-weekend tournament with 13 races in six days to celebrate its 60th anniversary last year, the Macau Grand Prix is back to a four-day meeting with seven races.
Macau Grand Prix Committee announced a budget of MOP190 million for this year’s event, a MOP30 million increase from 2012, when the event was last held on a single weekend. Organisers estimate total revenue will top MOP43 million.
This year’s Macau Grand Prix runs between November 13 and 16.
Jun 18, 2018Gaming equipment manufacturer International Game Technology Plc (IGT) announced on Monday a tender offer for some of its senior secured notes due 2020. The IGT notes covered by the offer include: the...
Jun 18, 2018
Jun 18, 2018
”So far the Macau government has never failed us. And I think we have always been rewarded appropriately for the amount of investment”
Lawrence Ho Yau Lung
Chairman and chief executive of Melco Resorts and Entertainment