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Government officials in Macau have allowed casinos to stay open throughout the pandemic, the lone exception being a 15-day shutdown in February. The gaming venues have also been encouraged to keep their workers on the job, despite visitor volumes plunging by nearly 100 percent.<\/p>\n<\/div>\n
Unemployment has nonetheless increased as a result of the coronavirus. Macau’s unemployment rate was just 1.7 percent at the beginning of the year, but has climbed one percentage point as of July to 2.7 percent.<\/strong><\/p>\nCasinos are the economic driver of Macau, as gambling accounts for roughly 90 percent of taxes received by the government.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino workers around the globe have been furloughed or terminated from their jobs. But Grand Lisboa Palace on Macau’s Cotai Strip has positions to fulfill. SJM Holdings, the gambling empire of the late Stanley Ho, who died in May at the age of 98, finished construction on its massive $5 billion integrated resort (IR) in […]<\/p>\n","protected":false},"author":25,"featured_media":147869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[],"acf":[],"yoast_head":"\n
Grand Lisboa Palace on Hiring Spree in Macau for $5B Cotai Casino<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n