Home Gambling mecca Macao bets on new China-backed leader

Gambling mecca Macao bets on new China-backed leader

A former senior judge in Macao has been chosen as the next leader of the gambling outpost, in a move that appears to signal a further shift in line with Chinese policy. 

Sam Hou Fai will assume office in December, following an unopposed ‘ceremonial’ election on Sunday when 394 of the entire 400-member selection committee gave him their backing. 

Sam, 62, was the sole candidate in the process but his background represents a notable juncture. 

He was president of Macao’s highest court for more than 20 years and the shift toward a chief executive from outside the Chinese territory’s traditional business community is significant. 

Sam will also be the first Macao leader born on the Chinese mainland, as the former Portuguese colony prepares for change.

The shift in the city’s leadership from the gambling and business community to a figurehead drawn from the legal professional will come with efforts to diversify its economy away from reliance on the gambling market. 

There is an expectation that Beijing’s policy agenda for Macao will be prioritized, with the government office responsible for the city, as well as Hong Kong, describing Sam as a ‘patriot’. 

The regime has talked up his appointment in what appears to be a deliberate placement after the former justice previously railed against the “wild” expansion of the gambling sector. 

Moving beyond reliance on the gambling sector

Macao was heavily impacted by the pandemic due to its reliance on gambling tourism when Chinese controls on movement impeded its operations. Since 2021, the Beijing government has increased its influence and legislation on the gambling mecca to crack down on the flow of capital through the special administrative region. 

Macao is the only location in China where gambling is legal.

The government is looking toward Las Vegas which is also seeking to expand its reach beyond betting. Conventions and exhibitions are seen as an adaptable source of revenue for Macao, but it will need to make huge strides to become less reliant on a 35% gaming tax. 

It also has to contend with growing regional competition from the likes of the Philippines and Singapore.

Image credit: Via Pexels

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The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Graeme Hanna
Tech Journalist

Graeme Hanna is a full-time, freelance writer with significant experience in online news as well as content writing. Since January 2021, he has contributed as a football and news writer for several mainstream UK titles including The Glasgow Times, Rangers Review, Manchester Evening News, MyLondon, Give Me Sport, and the Belfast News Letter. Graeme has worked across several briefs including news and feature writing in addition to other significant work experience in professional services. Now a contributing news writer at ReadWrite.com, he is involved with pitching relevant content for publication as well as writing engaging tech news stories.

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