Macau’s six gaming operators will sponsor 120 million MOP (almost $15 million) for the upcoming Grand Prix, its organizing committee announced Wednesday afternoon. The combined sponsorship during last year’s Grand Prix was MOP 28.5 million ($3.54 million).

This proactive move is in line with the gaming operators’ efforts to prioritise their commitment to economic diversification and CSR, having committed to invest a minimum of MOP108.7 billion ($14.8 billion) over a 10-year period.

A press release jointly issued by Macau’s Sports Bureau and the Macau Grand Prix Organising Committee said “the Macau Grand Prix provides a platform for local enterprises to increase their investment in non-gaming elements”.

It added: “The Macau Grand Prix Organising Committee hopes to continue using sporting events as a platform, and hosting sports tourism projects with the industry operators to attract international visitors [to Macau].”

Pun Weng Kun, Chairman of the Sports Bureau, told the media at a press conference that the combined support of the six gaming companies will create more business opportunities for small businesses.

November 2023 will be Macau’s Grand Prix month

This year marks the 70th anniversary of the iconic motorsport event. The 2023 edition will be held over six days – 11 and 12 November, and between 16 and 19 November.

It will include 11 races. The iconic Formula 3 World Cup and the GT World Cup are among the races returning to the Guia Circuit after a three-year pause brought about by the global pandemic.

For the 70th anniversary, the organizers will bring back the Guia Circuit Fun Run, which will be held in the first week of November. The organizers of the Grand Prix have announced that they will launch a ticketing campaign by partnering with local and international travel associations, travel agencies, airlines and online travel platforms.

According to local TV channel TDM Canal Macau, November will be Grand Prix month. Authorities will host several satellite events such as inviting students to tour the Macau Grand Prix control centre. The annual racing event will cost an estimated MOP260 this year.

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