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Gambling: Fernando Chui elected Macau leader

From December 2009 the gambling island of Macau off the shores of China will be under the control of a new chief executive, reports Associated Press. The former Chinese Culture Minister, Fernando Chui (52), has been selected as the man to lead the island out of its tough times in a five year tenure of office.

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There are hopes that Chui may be able to persuade central government in Beijing to ease the visa restrictions on visits to Macau by Chinese gamblers, a measure that has helped to depress the gambling industry further in already difficult economic times. 
 
Chui's endorsement by a 300-member panel loyal to Beijing has been characterised as a formality: he was the sole candidate for chief executive in the former Portuguese colony's first leadership change since reverting to Chinese rule in 1999.
 
The former culture minister will figure prominently in shaping the gambling industry in Macau, the only place in China where casinos are legal. After years of spectacular growth that helped it overtake the Las Vegas Strip, the territory's market has lost momentum recently as a result of economic conditions and the restrictions imposed on travel by Chinese citizens to its gambling attractions.
 
Chui appears to be taking a conservative approach, telling reporters: "We will mainly follow these [existing] policies to allow Macau's gambling sector to develop in a healthy manner and hopefully it will hold an edge in Asia. The policy for the next few years is basically set.
 
"Everyone has to work extra hard in this competition to maintain the outstanding results that we have achieved in the gambling sector in the past few years," he added.
 
Current CEO Edmund Ho put a cap on the issue of new casino licenses and applications for additional gambling tables or slot machines last year.
 
Commenting on the change of Macau leadership, casino magnate Stanley Ho, whose SJM Holdings is Macau's largest gambling company by market share, said he believed Chui wouldn't push for more regulations on the industry. He suggested the new chief exec could also help tame some of the acrimony among Macau's six casino operators.
 
"He will ensure that there should not be any fighting among the six of us and we should work together for the good of the citizens, for the good of Macau," said Ho, a member of the election committee that picked Chui.
 
Chui received 282 votes on Sunday, according to Chu Kin, president of Macau's electoral affairs committee. He will take office in December and serve a five-year term after his appointment receives formal approval from Beijing.

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NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

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NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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