Macau's Casino Operation Continues Despite The Latest Outbreak

[fortunecrypto]

We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable.
Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

Related story and source here

Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open
 

[traderethereum]

Maybe it's because the Macau government thinks that casinos can make a big contribution in taxes compared to other businesses that still allow casinos to operate.
Or maybe the Macau government has other considerations in allowing casinos to operate that they haven't made known to the public.
It is up to the Macau government's policy to shut down which business they want as they, as regulators, will have their say.

[bittraffic]

Most residents are asked to stay at home, restaurants will be shut for dine-in and border restrictions have been tightened, meaning casino revenues are likely to be close to zero for at least a week and likely the coming weeks, analysts said.

This is temporary like its said.
The government also can't afford to lose a day's revenue as they heavily rely from its fund. Economy shouldn't stop.
Applying the Zero Covid Policy I think which this  could just be temporary, they exclude the casino players after all most of the gamblers in Macao are tourist.

[Dave1]

As per the article:

Macao's government relies on casinos for more than 80 per cent of its income, with most of the population employed directly or indirectly by the casino industry.

If they shut down their casino's again, the government is going to be crippled as they rely on the casino itself. And probably this is going to be just temporary, as they can't afford a full blown lock down again.

But the problem is:

Macao only has one public hospital with its services already stretched on a daily basis.

[bbc.reporter]

Maybe it's because the Macau government thinks that casinos can make a big contribution in taxes compared to other businesses that still allow casinos to operate.
Or maybe the Macau government has other considerations in allowing casinos to operate that they haven't made known to the public.
It is up to the Macau government's policy to shut down which business they want as they, as regulators, will have their say.

It is not only about losing tax payments. Gambling in Macau includes more than 50% of their GDP. Closing this revenue inflow would kill their economy and take it into a recession. Also, through the Macau casinos are where large money laundering rings for mainland Chinese millionares are located. It might be something similar to a highly industrial country if they closed their factories.

[Wexnident]

But they don't limit the tourists that come in? I guess that's where the bulk of casino users come from if they were to let casinos stay open and yet close down restaurants (which is still odd imo, but eh whatever). Though then again it's understandable since as the article said, the majority of the income they get is from casinos. They might just be doing this since they're still on the testing phase, they might also close down casinos later on if the results prove to be on the bad/worse side.

[P2PECS]

I had no idea about the outbreak. I'd like to think that the worst of COVID-19 is over and it's gone flu-like, at least that's what we've been hearing.

In the case of Macau, they are doing it more for prevention, for their "zero COVID" policy, as the article says than because there is an outbreak like March 2020.

But the problem is:

Macao only has one public hospital with its services already stretched on a daily basis.

That is why they prefer a tough prevention policy.

[acroman08]

Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

it's the right decision for their country(not sure if I should call them a region or a country). everyone knows that tourism and casino is their main money maker. closing those would make them suffer.

But the problem is:

Macao only has one public hospital with its services already stretched on a daily basis.

according to Wikipedia, they have one public hospital and 3 private hospitals. but if the outbreak continues I won't be surprised if their hospitals will be overwhelmed.

[Questat]

As long as they do the right precaution to prevent the virus they have the right to open the business. We have been battling the virus, it's not healthy anymore if we will allow it to defeat us, our economy is very important, because without a bad economy it will only make the problem worse.

[Rruchi man]

Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations because they need their economy going.

It is true that the economy in Macau is heavily dependent on the revenue generated from casino's and their operations, regardless of how controversial it may seem to keep them running even with the increased outbreak is a hard decision that they must take if they must keep their revenue coming in. Also considering the fact that since casino is a big thing over there, many of their citizens must heavily depend on them for relaxation and recreation asides gambling. The government must have recognized how essential offline casinos are integral to the joy of their citizen and are just looking to keep them happy. Happy and ill people get better quicker than the bored, sad and ill.

[coin-investor]

It may not be the right decision but they are desperate to keep their economy moving, if they stopped the operation they will have to deal with a massive loss of revenues, unemployment, and the rising cost of prices, it's like the needs justify the end.

I'm sure they will have a strict protocol on this, to make sure there will no additional spike, this is what happens if one's economy is fully dependent on one industry, they don't want to happen to them what happened to Bangladesh, they need to keep employment and cash flow coming.

[Smartprofit]

We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable.
Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

Related story and source here

Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open
 

Perhaps the Macau government believes that gambling increases human immunity and resistance to disease. 

However, it is not ....

Coronavirus Covid - 19 is a very serious disease.  It is spread by airborne droplets.  Medical masks help prevent infection, but are not a panacea.  The main way to stop an epidemic is to avoid crowds.  It is very easy to get coronavirus in offline casinos. 

Therefore, in my opinion, the Macau authorities should actively encourage the creation of online casinos. 

Online casinos are safe from the point of view of the possibility of infection with coronavirus.

[boyptc]

Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

It's just all about survivability.

Many employees are relying to the gambling industry on that country and they can no longer take a long halt of their operations because it's going to bring no income to most of their employees.

Sometimes even it's not the best decision, they have to do it in able to survive and give some help to their needy citizens that are only relying to that business.

[YOSHIE]

Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

As far as I know, Macau's main and largest economy is taken from gambling and tourism taxes, very minimal natural resources or land that can be exploited, from the gambling industry and taxes, Macau can improve various humanitarian and welfare programs such as free education and so on.

I think the Macau government took the right decision, the epidemic in my opinion is not the main obstacle to closing casinos, there are a thousand ways the government can do it, casinos continue to operate as usual, I'm sure Chinese visitors, Hong Kong really enjoy Casinos in Macau, Las Vegas revenue can be beat by gambling tax revenue in Macau 5x.

My understanding is that the Macau government is safe to open casinos, as long as China and Hong Kong do not prohibit their citizens from visiting Macau, although a new epidemic appears again, as far as I know the residents of these two countries gamble the most there.

[swogerino]

If I were the government of Macau I would have done the same thing,I would notify everyone that there is a massive outbreak of the illness but would also tell people that all casinos and gambling operators are open locally and more importantly internationally so they would keep the economy going.It is up to the people,both locals and foreigners to choose if to go and play there or not.This is a right move from the government and a great decision because if they opted to close down casinos they would lose a huge amount of money and maybe their economy would feel some pain.

I know you may say people going there are risking their life but as I said above it is one person personal choice to go or not to go there.

[avikz]

We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable.
Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

Related story and source here

Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open
 

The answer is there in your question. 80% of the government revenues come from Casinos in Macau. So they are not going to close them again even if the COVID numbers are increasing. People have stopped fearing Covid and I believe it is now more important for people to feed their family than to staying at home. We have already seen an example of Sri Lanka due to covid and few external matters. Macau certainly wouldn't want that fate for themselves.

I think it's all fine for the government to continue with the casinos as it's very closely related to their GDP.

[ultrloa]

We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable.
Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

Related story and source here

Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open
 

as you said government us relying 80% of its revenue on this industry and maybe they think that there will be more worse scenario to happen on their country if they stop this because they lose the biggest contributor in their economic growth then might they struggle financially if they decide not to accept any gambling  platform taxes.

[Cling18]

We all know that Macau is the world's biggest gambling capital the world and its government is relying 80% on its revenues from casino operations as the majority of its citizen are employed directly or not directly but now it is facing a dilemma there is a rapid increase of the outbreak of the disease and they have no choice but to close most shops, banks schools, and government offices but surprisingly their casino operations are still open as they need to cope with the revenues losses and keep the money flowing to keep the government funds stable.
Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

Related story and source here

Macao shuts most businesses, restaurants amid mass COVID-19 testing; casinos stay open
 

as you said government us relying 80% of its revenue on this industry and maybe they think that there will be more worse scenario to happen to their country if they stop this because they lose the biggest contributor to their economic growth then might they struggle financially if they decide not to accept any gambling platform taxes.

Macau has experienced the outbreak before and they handled it well, I'm sure that they will be able to surpass this outbreak again. The government will allow them to operate because they need casinos to support their economy. As for me, yes, they did the right thing because if they will stop their operation, both parties will suffer and it will hit their economic situation hard.

[fiulpro]

Since the Pandemic have been going on for ages, now the government is trying to resume everything normally which also means that they are trying to resume businesses despite covid and other diseases going on at the moment, with monkey pox, new covid variants they might have to impose new requirements as well, which means they cannot safely resume the whole system for sure but at the end of the day what they can do is 'Open the business but be extra careful ' but I have not seen many businesses being careful, they don't even wear the masks anymore as well, therefore I do think government just need to put rules and regulations in place for them.

[goinmerry]

Do you think the government of Macau made the right decision or they are very desperate not to shut down the casino operations
because they need their economy going.

The fact that the Macau government is relying on 80% of its revenue thru gambling, it just makes sense for them to remain those casinos open amid the latest outbreak. In fact, if they will do that, they can only focus on casinos on-watch if the minimum health protocols are followed at those establishments.

One thing is for sure, there are terms and protocols that everyone is following there that's why no worries of another wave. They only have small numbers of citizens in general that's why they can surely able to control their people. Their mass testing is another example that they are doing their best to minimize the outbreak.