Macau's new chief executive Ho Iat Seng says casinos won't get a tax break as government's tax haul falls nearly 40% in first quarter of 2020.
Lei Wai Nong will be Macau’s next Secretary for Economy and Finance, the body that also oversees gaming policies in the city.
Ho Iat Seng is working on his new government and expects to present his recommendations to China before the end of October.
Ho Iat Seng was chosen in a vote of 400 people who serve on Macau’s election committee and the man everyone expected to be named the next chief executive of Macau.
The CEE committee has strong representation from the gaming community and all of the casino executives are behind Ho.
Ho Iat Seng is mathematically unbeatable for the role of Macau’s leader.
Ho Iat Seng, who hopes to be the next Chief Executive of Macau, believes that the engine of the Macau economy depends in a large way on casinos having healthy development.
Macau legislative leader says casinos are monitoring every move of any mainland China public official foolish enough to sit down at a gaming table.