{"id":11907,"date":"2020-11-18T21:56:02","date_gmt":"2020-11-18T21:56:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11907"},"modified":"2026-04-23T23:57:35","modified_gmt":"2026-04-24T02:57:35","slug":"macau-gaming-operators-may-host-two-sports-events-per-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-operators-may-host-two-sports-events-per-year","title":{"rendered":"Macau gaming operators may host two sports events per year"},"content":{"rendered":"\n<p>The local government aims to boost the economy holding at least one major sporting event every month in 2021.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Chief executive Ho Iat Seng has announced that each of the six large gaming operators in the city will be able to host or title sponsor two major sports tournaments or competitions a year.<\/p>\n\n\n\n<p>Sports has been identified as keys to the diversification of Macau\u2019s economy and the government\u2019s aims for the city to host at least one major sport event per month.<\/p>\n\n\n\n<p>Ho Iat Seng said in a response to lawmaker Ma Chi Seng that he has a proposal to reach that goal and hinted that an agreement had been reached with the six largest gaming operators in the city, Macau Daily Times reported. \u00a0<\/p>\n\n\n\n<p>The CE said: \u201cWe have been talking to the gaming concessionaires to organize two of these events for each one. This means 12 events per year that will be held not concurrently, but tentatively one per month.<\/p>\n\n\n\n<p>\u201cThe gaming concessionaires provided a positive response and from the end of this year, we are already doing some events that are possible to host like the Marathon and the World Table Tennis Championships,\u201d he added.<\/p>\n\n\n\n<p>The proposal has a list of potential events the Secretary for Social Affairs and Culture, Elsie Ao Ieong U, has already delivered.<\/p>\n\n\n\n<p>The authorities recognise that in the current context it is hard to anticipate if international players and tourists will be able to attend such events. The Macau GP has cancelled parts of this year&#8217;s event due to a lack of international contestants.<\/p>\n\n\n\n<p>Ho said: \u201cAll these events are of a large scale and have many participants from abroad. I need to give a reply to Ao Ieong U but this is difficult.\u201d<\/p>\n\n\n\n<p>Hosting such events is aimed to boost Macau\u2019s economy, which is expected to <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gdp-to-fall-60-in-2020\" target=\"_blank\">lose 60.9 per cent<\/a><\/em><\/strong> of GDP this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The local government aims to boost the economy holding at least one major sporting event every month in 2021.<\/p>\n","protected":false},"author":2,"featured_media":11909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Chief Executive, Ho Iat Seng, announced a strategic initiative for economic diversification, mandating each of the six major gaming concessionaires to host or title sponsor two significant sports events annually. This program aims to ensure at least one major sporting event occurs monthly, leveraging the gaming sector to mitigate the city's substantial GDP decline and foster non-gaming revenue streams.","focusai_entities":"Ho Iat Seng, Ma Chi Seng, Elsie Ao Ieong U, Macau Daily Times, Macau GP, World Table Tennis Championships","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), marketing_crm (0.75), investor_analyst (0.92), journalist_researcher (0.88)","focusai_suggestions":[{"label":"Concessionaire Financial Impact?","query":"What are the projected financial commitments and operational resource allocations required from each gaming concessionaire to fulfill these event hosting\/sponsorship obligations, and how will this impact their GGR\/NGR ratios?"},{"label":"Regulatory Framework Adjustments?","query":"Will the government introduce specific regulatory incentives or amendments to existing concession agreements to facilitate the successful execution of these large-scale non-gaming events, particularly concerning international participation challenges?"}],"footnotes":""},"categories":[157,16338],"tags":[257,4176],"class_list":["post-11907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau","tag-sports"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11907"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11907\/revisions"}],"predecessor-version":[{"id":11927,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11907\/revisions\/11927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11909"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}