The Macau government has plans to construct an outdoor concert venue with a capacity to accommodate 50,000 attendees, located at the Cotai Strip.

Sands China is doubling down on its non-gaming investments, with newly elevated Grant Chum – the group’s President and CEO – saying it will lay-out some $1.4 billion on Londoner Phase 2 and the revamp of its Cotai Arena.

The fight for market share among Macau gaming operators is becoming a concern among investors, while the Asia gaming hub is expected to experience a moderating pace of revenue recovery in 2024.

Macau gaming operator Galaxy Entertainment Group saw strong financials in its fourth quarter of 2023, with its most recent results showing EBITDA levels reached nearly $358 million during the period. The impressive metrics led GEG to become 'the first Macau operator' to release a dividend for the period, likely to appease shareholders.

Holding concerts has already become the main driver for tourist volume in Macau among all non-gaming elements, according to a scholar.

Macau gaming operator Sands China has solidified a comprehensive strategic partnership with two of the top main Chinese online platforms: Tencent Video and Maoyan Entertainment, setting the stage for future collaboration in various aspects.

Sands Resorts Macao won the ‘Best Integrated Resort (MICE)’ award at the eminent M&C Asia Stella Awards 2023 organised by Northstar Meetings Group, held in Singapore on August 16, 2023.

Macau is on track to hold over 1,000 MICE events this year, as the local government expects to welcome over 170,000 professional visitors from mainland China, Southeast Asian countries, and Portuguese-speaking countries.

Macau's six gaming operators are putting strong efforts into bringing prestigious concerts or shows to Macau, trying to rebrand Macau's image from a gaming hub to a city of entertainment. The move, notes gaming scholar Davis Fong, is laudable, and will further increase the city's attractiveness in 2H23.

After collaborating on over 20 projects, Sands China Ltd. and Star CM Holdings Limited announced a further comprehensive strategic partnership from 2023 onwards.