WORLD NEWS Head of Macau gaming regulator to step down 5 years ago Iwo Bulski Post Views: 843 He had been granted a 12-month extension when the new government led by Chief Executive Ho Iat Seng was voted in last year. The decision comes after gross gaming revenue saw a record 97% drop in April amid the coronavirus crisis. His successor is yet to be announced. Paulo Chan, director of Macau’s Gaming Inspection and Coordination Bureau (DICJ), will relinquish his position, Bloomberg reports, citing a spokeswoman from the Office of the Secretary for Economy and Finance. She said his successor will be announced in due course, declining to give further details. Chan was granted a 12-month extension after the new administration led by Chief Executive Ho Iat Seng was voted in last year. Macau News Agency first reported the news, which said Adriano Ho, an adviser to Macau’s Secretary for Security Wong Sio Chak, will replace Chan in June, citing unidentified people. Chan’s departure comes months before his tenure was scheduled to end on December 1 and amid a significant hit to Macau’s casinos as the pandemic discourages gamblers from traveling to crowded places. Gross gaming revenue dropped by a record 97% to 754 million patacas ($94 million) in April from a year earlier, marking the seventh straight monthly decline. While casinos have reopened after a two-week shutdown in February due to the COVID-19 outbreak, challenges arose in terms of bringing gamblers back to baccarat and roulette tables. Chan will return to work at the Office of the Prosecutor General, the spokeswoman said, where he was working previously before being appointed as the Macau gaming chief in December 2015. During his tenure, he helped steady the business when the city was seeing a free-fall in casino revenues amid a corruption crackdown in China that scared off high-stake players. Source: yogonet.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Covid- 19, Macau Continue Reading Previous UK – Gambling firms’ social messages are ‘thinly veiled’ advertsNext Greentube teams up with Playtech in major igaming deal More Stories ONLINE WORLD NEWS Build or Buy? SOFTSWISS Solves Operators’ Biggest Dilemma 6 days ago Iwo Bulski ONLINE WORLD NEWS SOFTSWISS Heads to SiGMA Asia 2025 1 week ago Iwo Bulski ONLINE WORLD NEWS Focus Gaming News strengthens global reach with African expansion 1 week ago Iwo Bulski ONLINE WORLD NEWS 44 New Brands Growth in Q1’25: Affilka by SOFTSWISS Results 2 weeks ago Iwo Bulski EXPERTS WORLD NEWS Could US Gaming Industry Learn Something From Kenya? 2 weeks ago Samuel ONLINE WORLD NEWS SOFTSWISS Game Aggregator Reports Q1 Growth and Enhancements 3 weeks ago Iwo Bulski ONLINE WORLD NEWS MelBet’s Anastasiia Shcherbyna highlights growth of the African iGaming market 3 weeks ago Szarlot ONLINE WORLD NEWS Pragmatic Play powers up dedicate live studio for win2day in Austria 4 weeks ago Iwo Bulski EXPERTS WORLD NEWS The Five Richest People in the Gambling Industry 4 weeks ago Samuel ONLINE WORLD NEWS Japan Wants to Toughen Laws Against Online Gambling 1 month ago Szarlot ONLINE WORLD NEWS What Is the Best Crypto for Online Gambling? 1 month ago Samuel EXPERTS WORLD NEWS Gambling survey launched ahead of Ethical Gambling Forum 2025 1 month ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.