Macau leadership change unlikely to affect casino sector

Gaming

Macau leadership change unlikely to affect casino sector

Friday 23 de August 2024 / 12:00

⏱ 1 min read

(Macau).- Any leadership shift in Macau will have no “material impact” on the city’s gaming sector, Seaport Research Partners analyst Vitaly Umansky has pointed out.

Macau leadership change unlikely to affect casino sector

The gaming analyst stressed in his latest note that the decision to decide who will run the city for the next five years will be taken by Beijing.

“We do not expect any material changes to the gaming industry resulting from a new chief executive,” he said.

“The most likely individual to take the role will be fully vetted and approved by the Chinese government and most likely will come into office with strong Macau government experience and an understanding of the importance of the gaming and hospitality industry to the economic well-being and future development of Macau.”

Macau’s top judge Sam Hou Fai on Thursday expressed his intention to consider a bid to join the chief executive race .

“At this stage, there is no clear obvious candidate for the job, but we expect the eventual chief executive to come from inside the government administration,” Umansky said.

The analyst believes that the city’s new leader is likely to maintain status quo – an objective that will sit alongside other major policy goals including “continued stability” and pushing for “deeper integration into the Greater Bay Area” and “economic diversification”.

Sam, a legal heavyweight with years of legal expertise in areas including in judicial audit, public prosecution, and Basic Law promotion, must now seek at least 66 endorsements from 400 electors in the next stage of the election process.

Categoría:Gaming

Tags: Sin tags

País: Macao

Región: Asia