News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
Sam Hou Fai: Closure of Satellite Casinos Has Minimal Impact on MO GDP
Regarding the issue of relocating employees from satellite casinos, Macau Chief Executive Sam Hou Fai said yesterday (15th) that officials from the Administration and Justice Burea...
Reset
Send
The window will close in 5 seconds
Sam Hou Fai: Closure of Satellite Casinos Has Minimal Impact on MO GDP
Close
Recommend
26
Positive
51
Negative
11
 
 

Regarding the issue of relocating employees from satellite casinos, Macau Chief Executive Sam Hou Fai said yesterday (15th) that officials from the Administration and Justice Bureau and the Economy and Finance Bureau had previously explained the follow-up measures in detail to the public.

Currently, there are about 5,600 local employees in satellite casinos. Of which, approximately 4,800 are hired and dispatched by gaming concessionaires to satellite casinos. The Macau government required gaming concessionaires to properly manage their work arrangements to ensure their continued employment.

Related NewsHSBC Research Expects Satellite Casino Absorption Costs to Be Manageable, Rates MGM CHINA/ GALAXY ENT at Buy
As for the impact of the closure of satellite casinos on the local GDP, Sam responded that the Macau government assessed that the impact would not be significant, and more importantly, the government's handling of the satellite casino issue is to ensure that Macau's gaming industry develops in a healthy and orderly manner in accordance with the law.

AASTOCKS Financial News
Website: www.aastocks.com

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.