The Venetian Arena: A key to economic diversification
The SCL’s investment of over USD200 million (MOP1.6 billion) to renovate the Venetian Arena is a pivotal element of SCL’s development strategy and aligns with the government’s “City of Sports” vision and other economic diversification strategies.
“As we look ahead over the next five to 10 years, we are fully aligned with the strategy to develop Macau as a city of sports and sports tourism. This partnership is a centerpiece of that strategy. We have invested heavily in the remake and remodeling of the Venetian Arena. This was done partly with the partnership in mind, but also as part of a larger strategy seeking to host international sporting events in this venue in the years to come. This is a very big commitment on our part to develop the ‘tourism + sports’ strategy. It is also a key part of the broader diversification of the Macau tourism landscape,” Chum said.
