New era for Macau gaming industry according to new Commission President

The Macau gaming industry is set to enter a “new era,” according to the President of the new Commission for Gaming Licenses Tender, André Cheong

The Macau gaming industry is go down to go in a “new era,” according to the President of the new Commission for Gaming Licenses Tender, André Cheong.

Speaking at a press conference, Cheong outlined the Commission’s goal of expanding the Macau gaming sphere into foreign markets, a run intended to supply a advance for the industry.

The unexampled citizens committee was place upward in July 2022 to evaluate and examine unexampled bidders for casino licences. Committee members include Cheong, who is also Secretary for Administration and Justice, Finance and Economy Chief Li Wai Nong, Head of Tourism Board Marina capital of Montana de Senna Fernandes and Head of the Gambling Regulator Adriano Ho.

Cheong went on to discuss the previous 2001 Commission, highlighting how different objectives business relationship for the want for different panel members.

He said: “At that time, what was on the line of products was gaming liberalisation and the sharpen was on boosting Macau’s economic developing from the gaming sphere so that this was reflected inward the composition of the members of the Commission.”

In 2001, the Secretary for Economy and Finance served as Chairman of the Commission and as Director of the Gaming Inspection and Coordination Bureau (DICJ), with other governance figures inwards senior roles.

Cheong added: “This time, and after 20 years have passed, we already get a certain scurf and so the government does non want and will not reward the infrastructure of the casinos.

“We testament not ut that. We testament pay off to a greater extent attention to the non-gaming elements as considerably as sustenance for the small and medium enterprises (SMEs) and the expansion into strange markets.”

Finally, Cheong disclosed the involvement of other governing departments inwards the Commission’s work, saying: “Later we will have got works that are related to to the Cultural Affairs Bureau and the Sports Bureau, and other services and departments that are under the Secretariat of Economy and Finance, among others. They are all going to participate inward this work.”

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