14 Aug 20242 min. read

In Macau's casinos, 90% of management positions are held by local residents

In Macau's casinos, 90% of management positions are held by local residents
Sam Smith
written and last updated by Sam Smith at 14 Aug 2024 Journalist, Editorial Department
The vast majority of management personnel in Macau's casinos are local residents. As of June, this figure reached 90.3%, according to Lei Wai Nong, the Secretary for Economy and Finance.
The official noted that the number of locals holding mid- and senior-level management positions has exceeded the government's minimum quota of 85%. He attributed this high percentage to the authorities' efforts to promote employment for residents within the gaming industry.
The Labor Affairs Bureau, in collaboration with casino operators in the Southern Administrative Region, is offering training courses for current casino employees across various fields. Interested individuals can gain qualifications in areas ranging from culinary arts to front desk hospitality, which helps workers advance in their careers.
Since the beginning of 2023, 21 training courses have been conducted, resulting in 379 candidates securing new positions, Lei reported. He also commended the operators for their initiatives to provide job opportunities for people with disabilities.
Official employment statistics indicate that in the second quarter of this year, 70,300 individuals were employed in the gaming industry. This accounts for 18.7% of Macau's total workforce, making the casino sector the largest employer in the city.
The average monthly income in the industry during this period was 21,000 patacas (approximately $2,600). This figure ranks second only to the financial sector, where employees earned an average of 22,000 patacas (around $2,700).
Meanwhile, the Macau Financial Services Bureau has released data on taxes collected from the gaming industry for the first seven months of 2024. The total reached 51.6 billion patacas (about $6.3 billion), reflecting a year-on-year growth of 15.2%. Currently, Macau imposes a 40% tax on the gross gaming revenue of casinos.
Earlier reports indicated that China supplied Macau with a record 1 million kilowatts of electricity.

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