Macau’s six concessionaires commit combined US$1.1 billion to SAR Government’s new diversification-focused Guidance Fund

Macau’s six gaming concessionaires have committed a combined MOP$9 billion (US$1.1 billion) to the Macao SAR Government’s Guidance Fund – a government-backed investment vehicle designed to help build industries beyond casinos and tourism. The contributions will count towards the concessionaires’ investment obligations under their current 10-year gaming concessions . As per a government announcement, the commitments were formalized on Friday when representatives of the six operators signed agreements to become limited partners in the Macao SAR Government Guidance Fund No 2, Limited Partnership Fund, at a ceremony witnessed by Macau Chief Executive Sam Hou Fai and other senior officials.