In Abstract:

  • Satellite tv for pc casinos in Macau have misplaced their momentum and shall be a lot fewer transferring ahead
  • The names of the surviving casinos might solely be revealed after the federal government has signed a contract with a concessionaire
  • The six remaining concessionaires should assure staff’ labor rights in case of layoffs

Picture Supply: (Picture by Mariangela Cruz)

Satellite tv for pc casinos aren’t out of the image in Macau, and their names shall be revealed very quickly, stated the SAR’s secretary for economic system and finance Lei Wai Nong who spoke to the Legislative Meeting on Monday.

Satellite tv for pc On line casino Numbers to Be Revealed on the Time of Signing with Concessionaires

Transferring ahead, all satellite tv for pc casinos have to pack up and transfer into properties which can be managed by the six concessionaires who remained unchanged throughout the newest license allocation course of. This pressured many satellite tv for pc properties to wind down operations and shut for good.

Nonetheless, the federal government is anxious that there could also be too many individuals left unemployed after the closures of those properties, much like what occurred when junket operators started shutting down. Lei responded to the Meeting and stated that staff must be handled beneath current labor rights legal guidelines and stated that he was undecided what number of satellite tv for pc casinos will stay in operation.

The satellite tv for pc on line casino numbers shall be introduced after the federal government indicators a contract with concessionaires. Often, each time a contract is signed, the satellite tv for pc casinos may also be introduced. Lei did stress that labor rights should be upheld both manner. Macau is quickly altering and making an attempt to not utterly transfer away from its fame as a playing hub, however definitely diversify it.

The present concessionaires gained a ten-year contract extension on November 26 and can stay unchallenged. Nonetheless, all concessionaires now should meet a a lot increased social accountability bar and notably the place investments are involved. Macau desires to see all license holders make investments closely in non-gambling elements of the tourism business and work to draw abroad prospects who aren’t Chinese language.

The query of satellite tv for pc casinos does stay, although, however as Lei put it, it would clear up earlier than lengthy. Within the meantime, the world should settle for the brand new realities, that are that junkets and satellite tv for pc casinos will now not have the identical clout in Macau’s playing business – a method or one other.

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