Macau\u2019s six gaming operators will commit MOP100m (US$12.46m) in sponsorship.<\/p>\n\n\n\n\n\n\n\n
Macau.- The six casino operators in Macau will contribute sponsorship of MOP100m (US$12.46m) for the 71st\u00a0Macau Grand Prix<\/strong>. That’s a decline of 16.67 per cent. This year’s event will take place over four days, from November 14 to 17 in contrast to last year’s two-weekend event.<\/p>\n\n\n\n According to local media, Melco Resorts & Entertainment<\/strong> and Wynn Macau<\/strong> will pay MOP10m (US$1.3m) each, while the rest of the sponsors will provide MOP20m (US$2.5m) each.<\/p>\n\n\n\n The 71st Macau Grand Prix will feature seven races on a 6.2-kilometer track<\/strong>: Macau Grand Prix \u2013 FIA FR World Cup; Macau GT Cup \u2013 FIA GT World Cup; Macau Guia Race \u2013 Kumho FIA TCR World Tour Event of Macau; Macau Motorcycle Grand Prix \u2013 56th Edition; Greater Bay Area GT Cup (GT4); Macau Roadsport Challenge; and the Macau Roadsport \u2013 Macao SAR Establishment Cup. Some 180 racers from 35 countries will participate in the street circuit, surpassing the participation figures of 2019.<\/p>\n\n\n\n Tickets for this year’s Grand Prix went on sale today (October 23) at 10am. Prices range from MOP400 to MOP1,200. Last year’s edition attracted a record 145,000 spectators<\/a>. The main race drew 36,000.<\/p>\n\n\n\n The Macau Government Tourism Office (MGTO)\u00a0<\/strong>has reported that\u00a0over 70,000 reservations<\/strong>\u00a0for discounted flight tickets for international travellers were recorded in the second quarter following the Macau government\u2019s allocation of MOP235m (US$29.36m) to boost overseas visitation. The tickets were distributed through partnerships with\u00a0Air Macau<\/strong>\u00a0and other airlines.<\/p>\n\n\n\n The MGTO provided the figures in response to a query from legislator Ngan Iek Hang<\/strong> about the government\u2019s efforts to attract overseas tourists. Offers with Air included ticket discounts, buy one get one free offers and discounts on multi-destination tickets. Offers with other airlines included limited-time ticket promotions for international travellers<\/strong> departing from Malaysia, Singapore, the Philippines, Thailand, South Korea, and North America.<\/p>\n\n\n\n The initiatives were part of a series of incentives to increase visits to the city. The budget was also used for offers on cross-border bus and ferry rides between Macau and Hong Kong, hotel accommodation, dining, entertainment and show tickets. As of the end of June, over 50,000 overseas visitors had taken advantage of the special offers.<\/p>\n\n\n\n According to preliminary data, Macau welcomed 25.94 million tourists in the first nine months of this year<\/strong>. That\u2019s a rise of 30.2 per cent year-on-year and a rebound to 85.9 per cent of the pre-Covid volume in 2019. The count for international tourists reached nearly 1.68 million in the same period, reflecting a 95.2 per cent year-on-year rise but only recovering to 70.8 per cent of the figure from the corresponding period in 2019. In January, the director of the MGTO, <\/strong>Maria Helena de Senna Fernandes<\/a>, stated that the city aimed to attract around 3 million foreign visitors<\/a> this year.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau\u2019s six gaming operators will commit MOP100m (US$12.46m) in sponsorship.<\/p>\n","protected":false},"author":176,"featured_media":12071,"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 six gaming operators have committed MOP100m (US$12.46m) in sponsorship for the 71st Macau Grand Prix, representing a 16.67% decline from the prior year. Concurrently, the Macau Government Tourism Office reported significant success in boosting international visitation through MOP235m in discounted flight tickets and other incentives, contributing to a 30.2% year-on-year rise in overall tourist arrivals and a 95.2% increase in international visitors in the first nine months of the year.","focusai_entities":"Melco Resorts & Entertainment, Wynn Macau, Air Macau, Macau Government Tourism Office, Ngan Iek Hang, Maria Helena de Senna Fernandes","focusai_location":"Macau, Hong Kong, Malaysia, Singapore, Philippines, Thailand, South Korea, North America","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.95), marketing_crm (0.85), investor_analyst (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Grand Prix ROI","query":"What is the projected return on investment for Macau's gaming operators from the MOP100m Grand Prix sponsorship, particularly given the 16.67% reduction in commitment compared to the previous year?"},{"label":"Tourism Incentive Impact","query":"How have the MOP235m government tourism incentives specifically translated into increased GGR for Macau's gaming operators, beyond general visitation numbers and international visitor recovery rates?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777020089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020089","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020089"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020089\/revisions"}],"predecessor-version":[{"id":777020122,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020089\/revisions\/777020122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12071"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Over 70,000 discounted flight tickets booked in Q2<\/h2>\n\n\n\n