Ho Iat Seng officially declares candidacy as Macau Chief

Macau general view
Macau general view

Ho Iat Seng, the main contender in the elections to pick Macau’s chief executive, formally declared his candidacy on Tuesday, holding a press conference in which he commented on the importance of the healthy development of the gaming industry.

Ho is the current head of the Legislative Assembly and Beijing’s favored candidate for the CEO position, which has a five-year term. There are currently no other declared contenders for the post.

“Although the gaming industry is the most important support for the Macau economy, it also pressures small-medium enterprises on human and land resources, […] the only direction is a healthy development of the gaming industry,” Macau Business cited Ho as saying.

Commenting on the upcoming expiry of the operators’ concessions, he said that the tender process “has to follow current [gaming] law unless we change it.”

Ho is a local business man and became a legislator in 2009 and became president of the body in 2013. Until April of this year, he was one of the 175 members of the Chinese NPC Standing Committee, having renounced the position to run for CE.