Macau Chief Executive Fernando Chui said his government will tighten controls over the number of new casinos, gaming tables and slot machines.

Citing a Xinhua News Agency report on Chui’s annual policy address, Bloomberg said that regulators of the lucrative gambling enclave will also be stepping up their supervision of existing casinos, especially in auditing of financial records. Chui said the government will also seek to optimize gaming laws and regulations to stabilize industry development, he said.

Macau will exclude casinos from allowed uses for land newly filled in from the sea, instead earmarking it for public housing and industries that will help the economy expand beyond gambling, Chui said.

The city also will continue to support the development of new industries, focusing on the MICE trade (Meeting, Incentive, Convention and Exhibition), culture and creativity, traditional Chinese medicine and business and trade services, Xinhua said.