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Policies are Set

Macau is not expecting a lot of changes in policies over the next couple of years despite the fact that a panel has announced that Fernando Chui is the new Chief Executive Officer for the island. Macau right now is in a precarious situation because the island nation is one of the fastest growing international land casino gambling markets, but online gambling is taboo and the economic slowdown has hit the Macau gambling industry pretty hard. This new announcement of a gambling chief for the island comes as a bit of a surprise, the previous officer was in place for the past ten years, every since China took over control of Macau and started the process of making this island a top international land casino gambling destination.

Interestingly enough, Chui was chosen because he will keep the status quo and there is not a lot that he has to do in the way of new policies and new efforts for developing the Macau land casinos. The new gambling chief was chosen by a 300-member-panel from Beijing. Chui is the former culture minister and now will take his place overseeing the gambling industry on the island of Macau. Macau is very strong in the land gambling industry and although there have been rumors of a small online casino gambling industry perhaps launching from the island, China’s control over Macau makes that highly unlikely.

Chui will not rock the boat either where the online casinos are concerned. Chui himself announced that Macau’s strategies and plans for the next several years have already been developed and he will merely oversee the implementation of this plan.