Macau gaming operators commit MOP9 billion to Government Guidance Fund
out26 Macau casino ops to commit MOP9 billion to Government Guidance Fund By Tony Lai Macau's six casino operators will contribute a combined MOP9 billion (US$1.12 billion) to a government-backed investment fund aimed at diversifying the city's economy from gaming and strengthening its integration with Hengqin and the Guangdong-Hong Kong-Macau Greater Bay Area. The commitments will increase the Macau Government Guidance Fund's total capital to MOP20 billion in the first stage, including MOP11 billion patacas allocated from the city's fiscal reserves. The agreements were signed Friday at a ceremony attended by representatives of the Macau government, the Chinese liaison office in the city and the six operators. Each gaming operator will serve as a limited partner in the fund, which was established earlier this year, and contribute a different amount, according to their respective filings with the Hong Kong stock exchange on Friday. Sands China will provide MOP2.3 billio...