Lionel Leong Vai Tac

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    Paulo Martins Chan possible replacement for Leong Vai Tac

    Gaming Inspection and Coordination Bureau director Paulo Martins Chan has been speculated as one of the possible candidates for the next Secretary of Economy and Finance of Macau, local media reports. Chan would be operating under the leadership of Ho Iat Seng, who was sworn in as Macau’s chief executive less than two months ago. […]

    Macau Horse Racing Co. given three years to pay back taxes

    The Macau Horse Racing Company has been given three years to pay its back taxes and if it fails its license will be revoked, Secretary for Economy and Finance, Lionel Leong Vai Tac said. The company owes a total of MOP150 million ($18.5 million) “Since they have showed willingness to continue working we have established […]

    MJC horse racing concession extends to 2042

    The Macau government on Wednesday agreed to extend the horse racing concession of the Macau Jockey Club for 24 years and six months, according to Macau’s Secretary for Economy and Finance, Leong Vai Tac. The renewal will see MJC continue to run horse racing in the city until 31 August 2042. The original concession was […]

    Govt looks to amend terms for concession renewal

    The Macau government is looking at the possibility of amending the terms and conditions relating to the refreshment of gaming rights for Macau’s current gaming concessions and sub-concessions. SJM’s and MGM’s concessions are set to expire in 2020, while Wynn’s, Galaxy’s, Melco’s and Sands’ licenses are set to expire in 2022. According to a government […]

    New ATM rules could affect spending: Leong

    The introduction of new KYC measures in ATMs in Macau might have some effect on visitor behaviour, especially regarding spending in entertainment resorts, said Macau’s Secretary for Economy and Finance, Mr Leong Vai Tac to reporters on Thursday. Last weekend, the government announced it would be implementing ID checking and facial scanning technology to UnionPay […]

    Macau’s first training course for gaming employees

    Sands China held the inauguration ceremony of Macau’s first training course for gaming practitioners on Tuesday. Co-organized by the Macau Federation of Trade Unions (FAOM), the Labor Affairs Bureau (DSAL), and Sands China Ltd, the company’s “Professionalism Training for Gaming Practitioners” is the first course of its kind in Macau for gaming employees. The training […]

    Parisian to feature VIP rooms

    Sands China’s president and chief operating officer, Wilfred Wong has announced the Parisian Macau will feature VIP rooms when it opens. According to Jornal Tribuna de Macau, Wong said the company is still finalizing plans for the casino, and did not disclose how many VIP rooms the casino would have. In regards to gaming tables, […]

    Wynn Palace has not specified number of gaming tables

    The Macau government is yet to hear from Wynn Macau regarding the number of gaming tables and slot machines it is applying for its Wynn Palace, which is opening next month. According to Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac, the Gaming Inspection and Coordination Bureau has already requested the operator to […]

    Mid-term review positive for operators

    The Macau government released its long awaited casino industry mid-term review on Wednesday. The 254 page document, available in Chinese and Portuguese was the result of a year-long review of the impact on the gaming industry in the gaming hub. The review focused on four sections, including economy, society / local, operations and contract fulfilment […]

    Macau’s Lionel Leong unfazed by weak Q1 GGR

    Macau’s Secretary for Economy and Finance said he is unfazed by the first quarter gaming revenue figures, backing his GGR estimate of MOP 200 billion (US$25 billion) for 2016, reports Macau Business Daily. Lionel Leong Vai Tac says the first quarter revenue figures have been factored into the earlier estimate of full year GGR for […]

    Macau labor group urges government to better protect local workers

    Members of the Power of the Macao Gaming Association met with the Secretary for Economy and Finance, Lionel Leong on Friday in order to discuss the rights of local workers, local media reports. Head of the Macau Civil Servants Association (ATFPM) Pereira Coutinho was also in attendance to the meeting, and argued that the government should […]

    Mid-term review will be delayed, says Lionel Leong

    Macau Secretary for Economy and Finance, Lionel Leong Vai Tac said there would be a delay in the “mid-term review” of the city’s gaming industry, due to “cautious processing” of the report data, local media reports. Lionel said there was a “cautious processing” of the report data,  especially data relating to legal issues and noted […]

    Lionel Leong says too early to tell if Macau gaming sector is bottoming

    Macau Secretary of Economy and Finance Lionel Leong Vai Tac said it’s too early to tell if Macau’s gross gaming revenue will stop declining, local media reports. “It takes more time to observe the situation,” said the Secretary in Beijing. Leong made the comments on Wednesday this week while attending China’s National People’s Congress (NPC) as […]

    Macau’s major casino operators launch “Macau loves locals” campaign

    Macau’s six leading casino resort operators have joined forces to offer exclusive special deals to local residents as part of a corporate social responsibility initiative.  Covering a wide-range of non-gaming offerings, Macau Loves Locals features award-winning luxury hotel rooms, family-friendly shows and entertainment, refreshing spas, world-renowned Michelin-starred restaurants, and many other non-gaming elements. This new […]

    Lionel Leong says MOP200 billion forecast is “reasonable”

    Macau Secretary for Economy and Finance, Leong Vai Tac has stood behind the MOP 200 billion forecast for casino gaming revenue in 2016, saying it was ‘reasonable’ based on performance during the Lunar New Year period, according to the Government Information Bureau website.  The Secretary told reporters that gaming revenue during CNY was similar to […]

    Wynn Macau partners with Chamber of Commerce to launch SME programme

    Wynn Macau has partnered with the Macao Chamber of Commerce in launching a procurement partnership programme to support local small and medium businesses, according to local media. The casino operator is the third following Sands China and MGM to answer the government’s call for gaming companies to fulfil their social responsibilities. In 2015, Secretary for […]

    Macau regulator meets with junket association, discusses improving regulation

    Paulo Martins Chan, Director of the Gaming Inspection and Coordination Bureau (DICJ) conducted a meeting on Friday with the Macau Gaming and Entertainment Promoters Association to discuss gaming regulation and law improvements, local media reports. The DICJ director was joined by Secretary for Economy and Finance, Lionel Leong Vai Tac for the meeting on Jan. […]

    Regulators to keep close watch on Alipay in Macau

    Local regulators will closely monitor the transactions made through the Chinese payment service Alipay to ensure legal money inflow, says Secretary for Economy and Finance, Lionel Leong. Since the partnership was reached with the Macau Pass in July, concerns had emerged over Alipay’s expansion into casinos. However, Union Gaming analyst Grant Govertsen in his estimates […]

    No change in table cap policy, Lionel Leong says

    Macau Secretary of Economy and Finance, Lionel Leong addressed the Legislative Assembly on Thursday, Nov. 26th as part of a five-hour Q&A session, during which he announced that a mid-term review of the gaming industry would be published at the beginning of 2016. The review will include an evaluation of how the city’s six gaming […]

    Assistant Public Prosecutor-General to head Macau gambling regulator

    The new head of Macau’s gambling regulator will be Assistant Public Prosecutor-General Paulo Martins Chan, local media reported citing Secretary for Economy and Finance Lionel Leong Vai Tac. He will replace Manuel Joaquim das Neves, who plans to step down on Nov. 25th. Chan will take up the new post as head of the Gambling […]

    Galaxy Phase 2 gets 100 new tables

    Macau’s Secretary for Economy and Finance Leong Vai Tac has decided to allocate 100 tables to Galaxy Macau phase 2’s mass gaming operations, with 50 being deployed immediately and the remainder in January. In a government press release, Leong said the government welcomed the company’s partnership with local small- and medium-sized enterprises and that additional […]

    Macau gov’t hits back at Wynn criticism

    The Macau government says it will not soften its policies on the gaming industry following comments from tycoon Steve Wynn criticizing delays in being informed how many gaming tables he will get for a new multi-billion dollar resort. The government said in a statement that the Secretary for Economy and Finance Leong Vai Tac “expressed regrets […]

    Macau sees June GGR at about $2b – $2.06b, says no austerity plans yet

    Macau Secretary for Economy and Finance Lionel Leong says gaming revenue for June was probably around MOP16 billion to MOP16.5 billion ($2 billion- $2.06 billion), but says it’s not yet necessary to launch austerity measures. It will be the 13th consecutive monthly decline, with a drop of about 41 percent from the MOP 27.1 billion […]

    No application received for Coloane casino

    The Secretary for Economy and Finance, Lionel Leong, says the Macau Government has never received an application from a gaming operator to set up a casino in Coloane and reiterated that such an application could only be made by a gaming concessionaire. Speaking in response to an enquiry on June 9 from legislator Au Kam […]

    Macau government grants 150 tables to new resort

    The Macau government said it has granted 150 tables to a new resort scheduled to open soon, according to Lionel Leong, Macau’s Secretary for Economy and Finance. He didn’t name the resort in the statement, however, Galaxy Entertainment is scheduled to open its new project on May 27th. The 150 number is far short of […]

    Macau government sticks to 3 percent table growth rate

    Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac said the government will  stick to its decision to not allow the average annual growth rate of the city’s gaming tables to exceed three percent. “The government sticks to its position that the average annual growth rate in the number of gaming tables will not […]

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.