In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly sent letters to every one of the city's six licensed kasino operators asking that they temporarily refrain from implementing staf layoffs.
According to a report from Inside Asian Gaming citing an earlier story from the local All In media grup, the move from the authority comes after one unnamed junket firm is said to have laid off about 200 workers due to the economic impacts of the recent coronavirus outbreak.
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The akhir pekan correspondence was reportedly also forwarded to the enclave's tes laboratories and intermediaries alongside its many kasino equipment vendors and distributors. It is said to have requested that firms bermaintain their current employment levels even as Macau continues to recover from the adverse efeks of last month's 15-day kasino shutdown alongside the imposition of stricter coronavirus-related immigration controls.
Reportedly read the letter from the Gaming Inspection and Coordination Bureau…
"With the resumption of operations across all industries, the Macau economy will face serious challenges. Bermaintaining social responsibility is one of the priorities of the Macau government. In this difficult period, companies should make every usaha to ensure the employment of employees and bermaintain a stable labor pasar."
Junket reversal:
Inside Asian Gaming reported that the unidentified junket firm is thought to have subsequently re-hired the laid-off employees, which had represented about a quarter of its entire workforce, following pressure from the Gaming Inspection and Coordination Bureau. It detiled that the unnamed entity has moreover shuttered its VIP gambling operations inside the Altira Macau, Wynn Macau and Kasino Grand Lisboa and is expecting to record a loss for 2020.
Exclusive klub:
The six firms that are licensed to operate kasinos in Macau encompass Melco Resorts and Pertunjukan Limited, MGM China Holdings Limited, Galaxy Pertunjukan Grup Limited and SJM Holdings Limited as well as the local Sands China Limited and Wynn Macau Limited subordinates of Las Vegas Sands Corporation and Wynn Resorts Limited respectively. These companies are now not expecting business to return to pre-outbreak levels until at least the fourth quarter even though the local government permitted them to re-open their 39 gambling establishments from February 20.
