The future of Macau’s gaming and tourism industries seem secure under the protection of the new Chief Executive, Ho lat Seng.
During a media conference in Beijing, he mentioned a one country, two systems principle and national security law as playing an important role in city’s stability. This is vital to the future prosperity of the region.
Ho maintains that one can see that Macau has been doing quite well over the past 20 years in the one country aspect, including the enactment of a national security law. With such legislation, it can prevent foreign interference.
In his words,
“If they dare to come to intervene, we will make use of our law to safeguard the one country. We won’t allow foreign influences to have a hand in Macau’s affairs.”
He adds that Macau cannot afford to fall into chaos as a tourism city. Its major revenue comes from tourism and the gaming industry.
Macau’s six gaming concessions and sub-concessions are due to expire 2022. Plans for re-tendering are in play, Ho explained that a draft has already been developed to be refined and amended once his new administration takes over in December.