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

Macau Chief Executive Ho Iat Seng reaffirmed in his policy address this week that “promoting an adequate economic diversification” remained a key objective for the government of the Special Administrative Region, and that these efforts would continue.

Ben Lee suggests that Macau might switch over its local economy, including its massive casinos, away from the Pataca or Hong Kong Dollar to the Digital Yuan. He sees this as an “elegant solution” for many of Macau’s economic challenges, and one that still leaves important roles for the junket industry as well.

As Macau seeks to pivot away from its dependence on gaming, a broad spectrum of business leaders are voicing concerns about the pace and effectiveness of diversification efforts.

Macau's outgoing Chief Executive has praised the city's diversification away from gaming, but says there no plans to limit the sector.

Macau’s premier integrated resort operator, Sands China Ltd. has entered into a partnership with digital travel platform Agoda to proactively promote Macau to an international audience, with multiple marketing campaigns planned for a Q4 launch. The arrangement is in line with Sands China’s active support of Macau as a World Centre of Tourism and Leisure.

Macau's economic diversification been pushed to the front of the debate, as Macau aims to elect a new Chief Executive, who has expressed that gaming has had a "negative" impact on the city.

The Macau government released information on Friday regarding the personnel responsible for key projects in economic diversification.

Macau's gaming operators will have to flex their collective muscles as they're expected to do the "heavy lifting" in the city's diversification efforts, notes an expert.

The Macau government is expecting gaming concessionaires to do the "heavy lifting" of economic diversification efforts, veteran casino gaming executive Kevin Clayton told Asian Gaming Brief.