Macau’s six casino operators commit MOP9 billion to government Guidance Fund

The operators signed on as limited partners in the fund on Friday, October 23, at a ceremony attended by Chief Executive Sam Hou Fai. Together with MOP11 billion ($1.36 billion) drawn from the city’s fiscal reserves, the commitments give the fund initial capital of about MOP20 billion ($2.48 billion), GGRAsia reported . Sands China is the largest contributor at about MOP2.30 billion, followed by Galaxy Entertainment Group at MOP2.27 billion. Wynn Macau committed MOP1.37 billion and MGM China MOP1.24 billion, while SJM Holdings pledged MOP992.7 million and Melco Resorts & Entertainment MOP828 million.