One of Macau's top events of the year, the Macau Grand Prix, which this year celebrated its 70th anniversary via a two-weekend affair, is actually driving punters away from the territory, notes expert Ben Lee in this week's Under the Scope. The increased congestion and foot traffic repelled potential gamblers, even as the city celebrated non-gaming clients who came for the event.

The expansion of the Macau Grand Prix to two weekends could have a negative double-digit impact on gross gaming revenue for the month as congestion and accessibility concerns push punters away.

Dedicated to promoting the development of "tourism + sports" and helping Macau to establish itself as a global sports-event destination, MGM continues to make contributions to the world-renowned Macau Grand Prix.

On Monday, Macau's tourism authorities displayed strong confidence in hotel occupancy rates exceeding 90% during the upcoming Macau Grand Prix event.

Tickets are now on sale for MGM Resorts International's luxury Bellagio Fountain Club, the Company's premier viewing experience for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX, November 16-18, 2023.

Sands China Ltd. title sponsored the main event of this year’s 69th Macau Grand Prix, the Sands China Formula 4 Macau Grand Prix, as part of the company’s continuous support of sports development and sports tourism in Macao.

Sponsored by all six gaming operators, replacing the title sponsorship, the 69th Macau Grand Prix will be held from November 17 to 20, comprising a total of seven races.

GoldenRace, a virtual sports provider, has recently released its latest innovation, Grand Prix Indianapolis 60.

Macau visitor arrivals rose by 25.9 percent year-on-year in November, attributed to large-scale tourist events such as the Macau Grand Prix and the Food Festival.

Macau’s operators say their support of the weekend’s Grand Prix highlights their commitment to helping the city diversify its tourism offering.