Fernando Chui Sai On

    Dr Fernando Chui Sai-on is the current and second chief executive of the Macau Special Administration Region of China.He was the Secretary for Social and Cultural Affairs from 1999 to 2009.

    Related Articles

    DICJ director talks security, risk mitigation

    Mitigating risks and the enhancement of casino security was the focus of the keynote speech delivered by Paulo Martins Chan at the Macao Gaming Show on Tuesday. Chan, who heads the Gaming Inspection and Coordination Bureau, spoke of a number of security measures adopted following recent tragic events. “In order to better protect the safety […]

    Gaming academic secures seat in Legislative Assembly

    Professor Davis Ka Chio Fong has been selected as one of the seven lawmakers appointed by chief executive Chui Sai On for the Sixth Legislative Assembly. The Sixth Legislative Assembly is made up of 33 members, of whom 14 are directly elected, 12 indirectly elected and seven appointed. Article Two of the Legislative Assembly Election […]

    Pac On Ferry operational next month

    Macau’s new Pac On Ferry Terminal held its inauguration on Thursday, and is set to begin operations at the start of June, Macau TDM reports. The MOP 3.8 billion (US$474 million) facility was inaugurated by Chief Executive Chui Sai On and Secretary for Transport and Public Works Raimundo do Rosario on Thursday morning. The compound […]

    Zhang reiterates Beijing’s support for diversification

    China’s third highest ranking official Zhang Dejiang has re-emphasized the importance of Macau’s diversifying economy, adding the gaming hub has made “brilliant achievements” since the handover in 1999, local media reports. Speaking on the tarmac alongside Macau’s chief executive Fernando Chui, Zhang noted that Macau “faces an important stage as it makes a transition in […]

    Govt accused of flipping its stance on smoking

    A Macau-based gaming workers union has accused the government of bowing to pressure from casino operators by allowing smoking lounges to stay, Macau TDM reports. “I think that the government has faulted on its promise and gave in to pressure made my gaming operators. I think that the government official (Alexis Tam) shouldn’t have made […]

    The year ahead – Steve Gallaway

    Japan will prove to be the largest opportunity in gaming today and all hospitality companies will be active in the market evaluating the potential opportunity while the legislation is being written. Large-scale casinos will bid to build some of the world’s most iconic integrated resorts, similar to the magnitude the world saw constructed in Singapore. […]

    Macau showings signs of recovery: J.P. Morgan

    Macau’s gross gaming revenues are showing genuine signs of recovery and point to a positive gaming market in the years ahead, noted J.P. Morgan in a recent report. “Recent 2016 third quarter results demonstrated that the sector’s earnings power is much stronger than what the market had projected, driven by a benign cost environment despite […]

    Macau chief executive concludes meeting with Beijing

    Macau chief executive, Mr Chui Sai On said the government has received valuable contributions from mainland officials regarding Macau’s Five-Year Development Plan. According to a release on the government website, Mr Chui and others have been exchanging ideas with mainland officials in a meeting in Beijing, which is hosted by the National Development and Reform […]

    Gaming industry to resume growth in 2017: Chiu

    Macau’s economy may finally return to growth in 2017, as operators continue to attract recreational gamblers and tourists, says Macau’s chief executive Fernando Chui. In a report from Bloomberg, the city’s chief said it was a good time for Macau to reposition after a 25-month gaming revenue drop. “Macau’s gaming industry and the whole economy […]

    Macau not looking to expand IVS policy; Fernando Chui Sai On

    The Macau government is not currently seeking to increase visitors from mainland China nor expand the Individual Visit Scheme (IVS) policy, according to Macau’s chief executive Fernando Chui Sai On, quoted by local media. Earlier this month, China’s State Council issued a statement on the subject of “deepening regional cooperation in the pan-Pearl Delta area”, saying […]

    Macau CEO predicts GGR slump to continue

    Macau’s CEO Fernando Chui-Sai On warned of a further decline in gross gambling revenue for Macau in 2016, but proposed no measures to counter the slump in his annual policy address. He estimated GGR of MOP200 billion ($25 billion), or about MOP16 billion a month, for next year, a sharp decline from the MOP351.5 billion […]

    Macau Chief Executive meets Cambodian PM

    Macau Chief Executive Chui Sai On met with Cambodian Prime Minister Hun Sen to  discuss how to strengthen cooperation between the two governments. Chui said Macau and Cambodia, which has more than 60 licensed casinos, have strong bilateral ties covering several areas, including tourism, business and trade.  “Mr Chui said he hoped that Mr Hun […]

    Macau economy will continue on steady course next year

    Macau Chief Executive Fernando Chui Sai On said he sees economic prospects next year as remaining positive and steady, according to the government information bureau. Talking to reporters ahead of the National Day reception celebrating the 66th anniversary of the founding of the People’s Republic of China, Chui stressed the government was financially stable, and its […]

    Macau to “spare no effort” in economic diversification

    Macau’s chief executive said the government will spare no effort in diversifying the economy during this consolidation period for the gaming industry, by boosting the development of non-gaming elements. Fernando Chui, speaking at the plenary session of the Legislative Assembly, said the efforts in developing non-gaming elements, such as retail, hotel, construction and financial services, had […]

    Macau chief executive says no link between smoking and revenue drop

    Macau’s chief executive said he saw no direct link between banning smoking in casinos and the drop in gaming revenues, the government’s information bureau reported. Talking to media before departing for his official trip to Beijing, Fernando Chui Sai On said the 12 month revenue declines are not the result of the smoking ban already […]

    Macau development on positive trend says Chui

    Macau’s Chief Executive Fernando Chui Sai On said Macau’s overall development maintains a “positive trend,” but urged citizens to be aware of any challenges that may lie ahead. Speaking via an audio message released on his official website, Chui said the local unemployment rate of 1.7 percent in the first quarter remains low and that […]

    Debate percolates over future gaming concessions in Macau

    An undercurrent of debate over the future of existing gaming concessions in Macau has begun to percolate as the contracts approach renewal in the coming few years. In a report launched by the Hong Kong-based securities and intelligence consultancy, Steve Vickers Associates, the firm says the Macau government may be considering looking to a “new” […]

    Gaming license tender process set for 2022: Government

    Macau chief executive Fernando Chui Sai On has confirmed the government will launch a public tendering for gaming licenses prior to the current expiry of 2022. The chief executive reportedly made the remarks during a Legislative Assembly meeting on Thursday but did not give any timeline. In a note on Tuesday, Bernstein analysts said the […]

    Macau changing its game

    Macau Chief Executive Fernando Chui Sai On sent a clear message to the casino industry in the first policy address of his second term in office this week - the government is no longer just paying lip service to diversifying the economy away from gambling. The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for about 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The government has cut its projected revenue from gambling receipts this year to average 20 billion patacas ($2.5 billion) a month from 27.5 billion patacas, while analysts are forecasting a second year of contraction, possibly by as much as 30 percent, according to Deutsche Bank.In his address, Chui said the government will strengthen its oversight of the casino industry as licenses come up for renewal and may require the companies to regularly submit their investment and development plans for review, in particular with regard to non-gaming activities. A tourism panel, under Chui’s supervision, will draft a five-year plan for stable casino growth that will make the region less reliant on casino revenue. Macau, Chui said, will become a center of tourism and leisure travel.
    SHARE