Deputy chairman to head Casino Regulatory Authority

SINGAPORE — Deputy chairman of the Casino Regulatory Authority (CRA) Lee Tzu Yang will become chairman from Thursday.

Mr Lee will replace Mr Richard Magnus, who is retiring after seven years in office, said the Ministry of Home Affairs (MHA) in a statement yesterday. Mr Magnus played “a pivotal role in the development and implementation of Singapore’s casino regulatory legislation and framework”, which resulted in it gaining global recognition as “a robust and effective model”.

Minister for Home Affairs Teo Chee Hean said: “I would like to thank Mr Richard Magnus for his steady leadership of the CRA during its formative years. He has laid the foundations for a casino regulatory framework that is firm and fair. Beyond Singapore, he has helped the CRA build a network of partners and establish itself as a well-respected regulator among its international peers.”

Added the MHA: “The ministry would like to thank Mr Magnus for his valuable and significant contributions.” CHANNEL NEWSASIA