Macau Regulators Tell Casinos Layoffs Are Not an Option
Gambling regulators in Macao are calling on casino operators to maintain staffing levels during the slowdown caused by the coronavirus outbreak. One junket operator laid off 200 workers, or 25% of its workforce, after a mandatory 15-day closure of casinos caused gaming revenue to plunge 88% in February.
In a letter sent to the six casino license holders in Macau, the Gaming Inspection & Coordination Bureau said the local economy would be facing difficult challenges in the current environment, but that "maintaining social responsibility is one of the priorities of the Macau SAR Government." It went on to say, "In this difficult period, companies should make every effort to ensure the employment of employees and maintain a stable labor market."
The junket operator subsequently rehired the 200 employees.
Source Fool.com
