The impending election of a new Chief Executive of Macau following the news that incumbent Ho Iat Seng will not run for a second term should not materially impact the SAR’s gaming industry, according to comments from Seaport Research Partners.
Ho made the announcement via the Information Bureau on Wednesday, stating he had “not yet fully recovered from illness” after taking 39 days of leave recently – twice extended from the originally planned 13 days.
In a Wednesday note, Seaport’s Vitaly Umansky said that while it is not yet clear who Ho’s predecessor will be, “there should be no material impact on the gaming industry.”
