Workers hired by subsidiaries worried they may not be eligible for unemployment subsidy; fears for more gaming industry layoffs in future.
Business
Developing the securities market regarded as a major step forward in the diversification of Macao’s economy.
Finance chief Lei Wai Nong urges defunct junket operator to respect staffers’ rights, undertakes to work to boost the economy with more infrastructure projects.
News of termination no real surprise following arrest of Alvin Chau; company’s Hong Kong-listed arm facing ‘possible loan default’.
All 31 banks in the city taking part in new pataca-only scheme; officials eyeing transfers to Hong Kong dollars and renminbi for next phase.
Four agreements already signed with Macao institutions; company working with Singapore casino on facial recognition project but does not plan to do so locally.
New CEO will assume command on 31 January, at a time when the gaming industry is facing hitherto unknown challenges.
Dramatic development follows arrest of junket king Alvin Chau and landmark ruling by High Court last month.
Macao-based media executive believed to be close to Alvin Chau, troubled founder of Suncity Group who is currently remanded in custody.