In a historic and closely watched event, Beijing loyalists in Macao have voted to endorse Ho Iat Seng, the former top judge of the semi-autonomous Chinese territory, as the next leader of the casino hub.
The vote, held by a select group of 400 members of Macao’s election committee, saw Ho receive overwhelming support, with 99.9% of the votes cast in his favor. This endorsement cements Ho’s position as the front-runner in the upcoming chief executive election, which is set to take place on August 25th.
Ho, who served as the president of Macao’s Legislative Assembly from 2009 to 2013, is seen as a strong candidate to lead the territory following the resignation of current Chief Executive Fernando Chui Sai On. Chui’s term will expire in December, and Ho’s election is expected to be a smooth transition of power.
Macao, a former Portuguese colony that was returned to Chinese rule in 1999, has seen rapid economic growth in recent years, primarily driven by the booming casino industry. As the world’s largest gambling hub, Macao’s economy is heavily reliant on revenues from the gaming sector, which brings in billions of dollars each year.
Ho has pledged to continue the government’s efforts to diversify the economy and reduce Macao’s dependence on the casino industry. He has also emphasized the importance of maintaining stability and promoting social harmony in the territory.
The endorsement of Ho by Beijing loyalists is seen as a reflection of China’s influence in Macao. The Chinese government has a strong interest in maintaining stability and control in the territory, which is one of two special administrative regions in China, along with Hong Kong.
The upcoming chief executive election in Macao is being closely watched by observers, as it comes at a time of heightened tensions between China and the United States. The Trump administration has recently imposed sanctions on Chinese officials, including the chief executive of Hong Kong, over Beijing’s crackdown on pro-democracy protests in the city.
Despite these challenges, Ho’s endorsement by Beijing loyalists is a positive sign for the future of Macao. With his strong support and experience in governance, he is well-positioned to lead the territory through the challenges ahead and continue its economic development.
As the world awaits the outcome of the chief executive election in Macao, all eyes will be on Ho Iat Seng as he prepares to take on the leadership of this vibrant and dynamic casino hub.