SINGAPORE - Mr Lee Tzu Yang will take over the helm of the Casino Regulatory Authority (CRA) from Apr 2, the Ministry of Home Affairs (MHA) said in a statement today.
Mr Lee, now deputy chairman of CRA, will succeed Mr Richard Magnus, who will retire after seven years as chairman.
According to The Straits Times, Mr Lee also serves as chairman for the Esplanade and the Workplace Safety and Health Council.
MHA said that Mr Magnus had played a pivotal role in developing and implenting Singapore's casino regulatory legislation and framework.
"Under his leadership, Singapore's casino regulatory regime gained international recognitiopn as a robust and effective model that has been referenced by many other jurisdictions," the statement said.
Deputy Prime Minister and Home Affairs Minister Teo Chee Hean thanked Mr Magnus for his leadership.
"He has laid the foundations for a casino regulatory framework that is firm and fair," said Mr Teo, and added that he had also helped CRA establish itself as a well-respected regulator internationally.