We believe the law is likely to pass although it is by no means a slam dunk. Government officials tried it in Hong Kong five years ago but pro-democracy forces put the full court press on and stymied it. Macau is a different place without the democratic and freedom roots dug so deep as in Hong Kong.
Aside from supporting our pro-capitalism and pro-freedom teammates around the world why do we care? Mr. Ho is likely making this proposal for one or two of the following reasons:
• Curry favor with Beijing for a cushy job at the end of his stint as CE of Macau late next year
• Another attempt at a quid pro quo with Beijing regarding loosening visa restrictions
I don’t care much about what team Mr. Ho plays on in 2010 but any loosening of the current Guandong visa restrictions could spark a rebound for Macau casinos.