GRAND PRIX GENERATED MOP50 MILLION IN REVENUES

2014/11/24

From：Macau Business Daily

“The revenue of the Macau Grand Prix will be higher than MOP50 million. This includes revenues from ticket sales, sponsorship and outdoors on the race track”, the Coordinator of the Grand Prix Committee, João Costa Antunes, has told newspaper Plataforma de Macau.
The revenues generated by the races account for roughly 25 percent of the overall budget, which for the 61st edition of the Grand Prix was MOP200 million. The revenue is a new record for the event.
“This is an investment in the promotion of Macau. It’s not realistic to think that there will be direct profit from the money invested”, Antunes explained. “The money for the budget comes from the Tourism Fund of Macau”.
The 61st Grand Prix of Macau started on 13th November and ran until the 16th. In total, some 79,500 spectators watched the races over the four days, while Macau’s biggest event attracted 1,000 journalists from 300 different media organisations.

Copyright@Macau Buisness Daily