WORLD NEWS Head of Macau gaming regulator to step down 4 years ago Iwo Bulski Post Views: 576 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 Pragmatic Play launches live casino content with Paddy Power and Betfair 9 hours ago Samuel ONLINE WORLD NEWS The pillars of success for premier iGaming content developers 5 days ago Iwo Bulski EXPERTS WORLD NEWS Entain To Pay Almost $730 Million To Settle Turkish Bribery Claims 1 week ago Samuel EXPERTS WORLD NEWS Entain ‘remains confident’ but ‘open to constructively addressing’ investor concerns 2 weeks ago Szarlot BETTING HOT NEWS WORLD NEWS The Legal Landscape of Sports Betting 2 weeks ago Samuel ONLINE WORLD NEWS Slotegrator expands worldwide in agreement with Fortunas 3 weeks ago Iwo Bulski ONLINE WORLD NEWS Client-centric approach: how personalized services drive success in iGaming 3 weeks ago Iwo Bulski ONLINE WORLD NEWS Slotegrator partners up with F*Bastards 4 weeks ago Iwo Bulski EXPERTS WORLD NEWS How does online casinos’ legality vary across the world 4 weeks ago Szarlot ONLINE WORLD NEWS The best payment platforms for popular slots in 2023 1 month ago Szarlot EXPERTS WORLD NEWS Latam and Africa in Growth Markets Zone at ICE 2024 1 month ago Iwo Bulski ONLINE WORLD NEWS iGaming in month October 1 month ago Iwo Bulski 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.