The government has refuted speculation that casino operators are preparing to cut staff once they obtain the renewed 10-year licenses from the government before the end of the year.
The rumor has circulated amid the ongoing tender process for the city’s gaming concessions which are still under deliberation.
According to the Gaming Inspection and Coordination Bureau (DICJ), the government is committed to protecting the rights of the gaming workers as well as stabilizing the job market.
The number of workers in the gaming sector has continued to decline, with the number of full-time employees plunging to 53,592 in the second quarter of the year.
The latest figures provided by the Statistics and Census Service (DSEC) show that the number of staff is down 2,176 year-on-year.
Of all gaming employees, dealers numbered 24,093, a drop of 550 year-on-year.
The gaming sector has long been suffering from a slump in revenue, as casinos lose millions of dollars each day.
Last week, a note issued by JP Morgan estimated that the sector has lost some USD1.5 billion in the third quarter of this year with the downturn in tourist arrivals and gaming revenues, as the city adheres to a zero-Covid policy. LV
