Macao casinos chip in $1.1bn to back city's economic diversification

New fund under city's five-year plan will invest in emerging industries and startups Chinese flags are displayed in Macao in December 2024, when the territory marked the 25th anniversary of its handover from Portugal to China. (Photo by Kenji Kawase) TOKYO -- The six casino operators in Macao have pledged to contribute over $1 billion to a new government fund that invests in nongaming industries, backing a push to diversify the economy under the city's latest five-year plan.