He was quoted by a brokerage firm as saying that the new chief executive would not bring “any major changes” to Macau’s gaming industry. GGR Asia.
This statement was made after the current Prime Minister Ho Iat Seng announcement He said on Wednesday that health reasons prevent him from running for a second term.
Seaport Research Partners analyst Vitaly Umansky said he believes maintaining the “status quo will likely be the primary driver for the new CEO,” with policy changes unlikely. As a result, “support for the gaming and hospitality industries” will likely continue, he added.
[See more: Here’s what to know about Sam Hou Fai, who could be running in Macao’s CE election]
Umansky said the new chief executive “will be fully vetted and approved by the Chinese government and will most likely have extensive experience working in the Macau government and understand the importance of the gaming and hospitality industry to Macau’s economic well-being and future development.”
The US-based company has proposed three possible candidates for the top job: the president of the Court of Final Appeal; Sam Hou Fai; the Secretary for Justice, Mr Cheung Wing-chun; and the Secretary for Security, Mr Wong Sio Chak.
However, only local merchants Jiang Zhaohe has officially announced that he will seek votes from 400 members of the Chief Executive Election Committee during the candidate election Nomination Period – The exhibition will run from August 29 to September 12.
The Hong Kong Special Administrative Region election is scheduled to be held on October 13, and the new Chief Executive will take office on December 20.
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