Sam Hou Fai

 out24  (Risk analyst predicts tough times for casinos)

A top Hong Kong-based security consultancy predicts Macao’s incoming government will intensify the push for economic diversification at the expense of foreign-owned gaming concessionaires, their investors and the myriad of downstream businesses reliant on the gaming industry in the SAR.

Steve Vickers Associates (SVA) issued a memo on Monday recommending that boards and executives with investments in Macao (as well as Hong Kong and the mainland) stay alert to growing risks associated with state intervention and measures introduced to prevent capital flight. SVA urged potentially impacted companies to “anticipate threats” in order to mitigate any potential losses.

The firm claimed that Macao’s newly-elected chief executive designate, Sam Hou Fai, would “likely expedite measures forcing the six casino concessionaires to diversify and contribute more to social causes” in response to policy pressures from Beijing. 

https://macaonews.org/news/business/macau-risk-assessment-steve-vickers-associates-macao-sam-hou-fai/

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