Macau Secretary for Economy and Finance Lionel Leong Vai Tac has announced a successor for outgoing gaming regulator Joaquim das Neves, who stepped down November 25. The new regulatory chief is Paulo Martins Chan, former assistant prosecutor-general of the SAR.
Chan has a bachelor’s degree in law and a master’s degree in criminal law, reported the Asia Gaming Brief. He was nominated as a magistrate for the Public Prosecutions Office in 1999 by former Macau chief executive Edmund Ho Hau Wah. He is also bilingual, speaking both Chinese and Portuguese.
Leong said Chan will work to strengthen gaming-related regulations during a period of extraordinary recession. The world’s No. 1 gaming mecca is in the 17th month of historic decline, due to an ongoing anti-corruption drive in mainland China, a slower Chinese economy and increased official scrutiny of junket runners, who arrange travel, accommodations and lines of credit for VIP gamblers.