The Macau Grand Prix has an interesting origin. The event was intended to be a citywide treasure hunt when organizers founded the event in 1954. Soon after 토토사이트 determining a route for the treasure hunt, the founders decided an automobile race was more appropriate.

Over the decades, the race expanded, and the first F3 Macau Grand Prix was held in 1983. Macau has refused to modify the course to adhere to regulations that could allow it to become host to F1, something that’s not the case in Las Vegas, where the city is undergoing a major overhaul to accommodate the upcoming Formula 1 Las Vegas Grand Prix, which coincides with the Macau Grand Prix on November 19.

Rebound Ongoing

Macau’s tourism and gaming industries continue to recover from the COVID-19 pandemic. China’s post-pandemic recovery was delayed by President Xi Jinping, who maintained his “zero-COVID” policy until late 2022.

Macau casinos in August won $2.06 billion from players, the market’s best month since January 2020. Through three quarters of 2023, Macau casinos have generated gross gaming revenue (GGR) of MOP128.9 billion (US$16 billion). That’s up over 300% from the same nine months in 2022 when travel remained limited throughout China, and lockdowns persisted when new coronavirus clusters were detected.

While the gaming industry continues to trend positively, Macau’s commercial gaming market has a way to go to return to its 2019 conditions. Through nine months in 2019, the six casino operators had won more than $27 billion.