Lee Tzu Yang is the deputy chairman for the casino regulatory authority in Singapore. He is going to take the position of head chairman on Thursday April 2, 2015. According to Today Online, Mr. Lee will be taking over the position that was previously held by Mr. Richard Magnus. Magnus was in the position for seven years, but has stated he is going to retire. Mr. Magnus was instrumental to the development of Singapore’s current casino regulatory framework and legislation.
The Minister for Home Affairs stated that Mr. Magnus laid the groundwork for a fair and firm casino regulatory authority and he thanks Mr. Magnus for his work. Singapore holds two mega-resort casinos – Resorts World Casino Sentosa and Marina Bay Sands Casino (pictured) as well as two racetracks.