The Tak Chun Group said it has been offering “ex-gratia” payments to staff who voluntarily leave the company for a limited time. “We believe that this scheme offers our staff a viable option for planning ahead under the current market condition,” it said.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
In view of the substantial delay in construction and delivery of the vessel due to the impact of Covid-19, the agreement for the sale and leaseback of the Crystal Endeavor expedition ship has been terminated.
CNMI House of Representatives Minority Leader Tina Sablan (D-Saipan) blasted Governor Ralph DLG Torres for keeping silent about the plight of foreign workers of Imperial Pacific International, which she says has turned into a “humanitarian crisis.”
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.