MGM China (02282) announced that following friendly negotiations, on October 23, 2026, its subsidiary MGM Grand Paradise S.A., together with five other Macau SAR gaming concessionaires acting as limited partners and Macau Project Management (No. 2) One Person Company Limited acting as general partner, entered into a partnership agreement to establish the Macau SAR Government-Guided Fund No. 2 Limited Partnership Fund.
The limited partners have committed a total of MOP 9 billion (equivalent to approximately HK$8.7 billion) to the fund. MGM Grand Paradise has committed to contribute MOP 1.24 billion (equivalent to approximately HK$1.21 billion).
The fund's primary purpose is to achieve the policy objectives of the Macau SAR Government, including promoting diversified economic development in Macau, such as developing emerging industries, industrial upgrading, technology commercialization, investing in and supporting technology startups and national strategic industries, investing in Guangdong-Hong Kong-Macao Greater Bay Area and Hengqin cooperation projects, and other policy priorities.
The fund has an initial term of 15 years, with the first five years serving as the investment period.
Under the concession contract, MGM Grand Paradise has committed to implementing investment projects, including investments in gaming and non-gaming projects. MGM Grand Paradise has pledged to invest MOP 16.7 billion (equivalent to approximately HK$16.2 billion), of which MOP 15 billion (equivalent to approximately HK$14.6 billion) will be allocated to non-gaming projects.
MGM Grand Paradise's participation in the fund will constitute part of the investment arrangements under the concession contract and will count toward fulfilling the investment arrangements under the concession contract, demonstrating the company's support for the Macau SAR Government's policies, including the moderate and diversified development of Macau's economy.
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