May 24, 2022 Newsdesk Latest News, Macau, Top of the deck  
Macau’s unemployment rate, and the resulting social pressure, could potentially result in “instability” regarding the city’s security, said the Office of the Secretary for Security in its first-quarter crime report.
The report, published on Tuesday, included an assessment on the link between the current situation of Macau’s gaming industry and the city’s overall security condition. In the assessment, the office said the number of gaming-related crimes declined to 52 cases in the first quarter this year, from 63 incidents in the last quarter of 2021.
Such sequential decline could be attributed to a number of reasons, including Covid-19 related travel restrictions, the fewer number of visitors to Macau, and an increase in enforcement actions, said the office. But it highlighted concerns regarding Macau’s rising unemployment rate, and the potential implication to the city’s security.
“To date, the continuous rise in the unemployment rate [of Macau] has yet to impose any impact on our…security. However, if the unemployment rate continues to rise, all sorts of social conflicts will definitely intensify and that could bring more instability to our security,” the office remarked.
Macau’s unemployment rate rose 0.4 percentage points quarter-on-quarter, to 3.5 percent in the three months to March 31. It represented about 13,300 people, compared to 11,900 in the fourth quarter of 2021.
The office also commented on latest revisions proposed by the government to the gaming law amendment bill, which dropped the condition that the gaming areas of so-called satellite casino in the city must in future be owned by any one of the casino concessionaires.
This revision, it added, has alleviated, “to the largest extent”, the unemployment pressure that gaming industry staff potentially faced from Macau’s gaming regulatory policy changes, the office claimed.
It added: “The continuous spread of Covid-19 around the world (including neighbouring countries and regions) will continue to bring on a negative impact on all industries in Macau, including the gaming industry, so the pressure of unemployment still exists and therefore, the instability factor for Macau’s security will persist.”
Macau’s gaming-related crimes mainly involve loansharking activities, illegal detention of individuals, scams and robberies, the office noted in its latest crime report.
The office also cited concerns on illicit money exchange activities – mostly engaged by mainland Chinese “groups” – that are associated with the gaming sector. The office added that these activities were, in some instances, connected with scams and violent crimes.
A total of 33 fraud cases associated with illicit money exchange activities were recorded in the first three months of 2022, “which reflects a growing trend in this type of crimes,” added the report.
According to the statistics, the tally of all suspected crime cases reported in Macau in the first quarter of 2022 saw a 12-percent decrease year-on-year, to 2,565 instances.
Jun 08, 2023
May 25, 2023
Jun 09, 2023
Jun 09, 2023
Jun 09, 2023
None of Macau’s six gaming concessionaires have so far applied for a form of “exemption” from the full 40-percent tax rate on casino gross gaming revenue (GGR), as potentially applicable...Jun 09, 2023
Commercial opportunities for utilisation of...Jun 08, 2023
Gaming content and equipment maker Konami says it is...Jun 07, 2023
Casino gaming content and hardware provider Light &...Jun 06, 2023
Electronic table games (ETGs) supplier Interblock dd is...Jun 05, 2023
Random number generator (RNG) testing tools are among the...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
”We believe the intrinsic value of IGT’s market-leading businesses and diversified cash flow profile is not currently reflected in our stock price and the timing is right to assess opportunities that may enhance value for IGT’s shareholders”
Marco Sala
Executive chair of casino equipment supplier IGT