Employment in Macau’s gaming industry fell nearly 5.0 per cent quarter-on-quarter to about 72,700 in the first quarter.<\/p>\n\n\n\n\n\n\n\n
Macau.- -The\u00a0Gaming Inspection and Co-ordination Bureau (DICJ)\u00a0<\/strong>has reported the results of a survey that found workers in Macau\u2019s gaming industry accounted for 26.5 per cent of the city\u2019s underemployed population in the first quarter of the year. The figure, which represents 2,800 people, was down 54.8 per cent when compared to the fourth quarter of the year 2021.<\/p>\n\n\n\n According to the survey, the main reason for underemployment was that workers were placed on unpaid leave or partially paid leave by the casino operators. Employment in Macau’s gaming industry fell nearly 5.0 per cent quarter-on-quarter\u00a0to about 72,700 in the first quarter.<\/p>\n\n\n\n The overall unemployment rate in Macau rose by 0.4 percentage points month-on-month to 3.5 per cent. The figure stands at 13,300, compared to 11,900 in the fourth quarter of 2021.\u00a0<\/p>\n\n\n\n By the end of 2021, the Macau Special Administrative Region\u2019s unemployment rate had reached\u00a02.9 per cent<\/strong>,\u00a0the highest level since 2009<\/a>. In January, the\u00a0International Monetary Fund (IMF)<\/strong>\u00a0forecast that\u00a0Macau\u2019s gross domestic product (GDP) is unlikely to exceed pre-pandemic levels<\/a>\u00a0until 2025.\u00a0<\/p>\n\n\n\n The\u00a0Integrated Service Centre of the Macau Gaming Industry Employees Home<\/strong>\u00a0has published the results of a survey revealing that 85.1 per cent of former junket operator employees remain unemployed after the majority of VIP rooms closed their doors.<\/p>\n\n\n\n Meanwhile, 8.1 per cent found jobs at non-gaming companies<\/strong>, 3.8 per cent were working with gaming operators or other junket companies and 1.9 per cent had started their own companies. The rest are either seeking to pursue further education or not looking for a job.<\/p>\n\n\n\n According to the <\/strong>poll, the top three reasons why former junket employees failed to find new jobs were a lack of job openings due to poor economic conditions<\/strong>, a lack of diversity in their work experience and a lack of professional skills.<\/p>\n","protected":false},"excerpt":{"rendered":" Employment in Macau’s gaming industry fell nearly 5.0 per cent quarter-on-quarter to about 72,700 in the first quarter.<\/p>\n","protected":false},"author":176,"featured_media":25557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gaming industry employment declined by nearly 5.0% quarter-on-quarter in Q1, with 26.5% of the city's underemployed population stemming from the sector, primarily due to unpaid leave. Concurrently, 85.1% of former junket operator staff remain unemployed, exacerbating the region's overall unemployment rate and contributing to the IMF's forecast of pre-pandemic GDP levels not being reached until 2025.","focusai_entities":"Gaming Inspection and Co-ordination Bureau (DICJ), International Monetary Fund (IMF), Integrated Service Centre of the Macau Gaming Industry Employees Home","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket Staff Impact?","query":"What are the long-term implications of the sustained high unemployment among former junket operator staff on Macau's VIP segment recovery and the broader B2B licensing landscape?"},{"label":"Workforce Initiatives?","query":"What specific government or industry initiatives are being considered to address the structural unemployment and underemployment within Macau's gaming workforce, particularly given the IMF's GDP forecast?"}],"footnotes":""},"categories":[16338,23876],"tags":[23907,23906],"class_list":["post-30122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-social-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30122"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30122\/revisions"}],"predecessor-version":[{"id":30140,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30122\/revisions\/30140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25557"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}85.1% of former junket operator staff in Macau remain unemployed<\/h2>\n\n\n\n