Willy Lam Wo-Lap, adjunct professor of history at The Chinese University of Hong Kong, said, "There are expectations that the new chief executive will smooth relations with China. Macau’s economy is very dependent on the mainland. One of the reasons for the downturn was the recent visa requirements for people coming to Macau."
Casino operators including Stanley Ho’s SJM Holdings Ltd., U.S-based competitors Las Vegas Sands Corp. and Wynn Resorts Ltd. could see an upturn in business if China loosens its visa rules after Chui’s election. Willy Lam Wo-Lap said Macau residents are hoping for a recovery that will bring back lost jobs. If the government of the Mainland was to revert to the old system it would, yes, bring jobs back to Macau. But it would mean a stream of black money leaving the country.
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