With their coveted licenses expiring and all six companies heavily invested in the region – many of which still have considerable debts to pay off – the gaming firms have done all they can to stay in Macau’s good graces. But union reps believe that layoffs will be widespread once those new concessions are in hand.<\/p>\n
\nI hope that the government will add specific regulations and impose additional conditions when issuing gaming licenses that require gaming concessionaires not to lay off employees,” Cloee Chao, president of the New Macau Gaming Staff Rights Association, told the Macau News Agency<\/i>. “Employees in the gaming industry \u2026 have expressed great concern and think the problem is very serious.”<\/p>\n<\/blockquote>\n
The union thinks that the casinos, once those new 10-year licenses are in hand, won’t think twice about reducing overhead by cutting jobs.<\/p>\n
Gaming Rebound Delayed<\/b><\/h2>\n
China’s “zero COVID” pandemic response continuation has halted any meaningful recovery in Macau. While Las Vegas has more than recovered to pre-pandemic business, the six casino operators in the Chinese enclave continue to suffer.<\/p>\n
Gross gaming revenue in Macau last year totaled roughly $10.8 billion. While that was a 44% improvement in 2020<\/a>, the casino haul remained 70% below 2019.<\/strong><\/p>\nDespite fewer visitors to Macau in 2020 and 2021, the six casino firms continued to keep their more than 58,000 workers on the payroll.<\/p>\n","protected":false},"excerpt":{"rendered":"
The leading casino union in Macau is expressing concerns that the six licensed gaming operators might be inclined to lay off thousands of their workers after the companies receive new concessions. The New Macau Gaming Staff Rights Association said last week that casino job layoffs are likely once the Chinese Special Administrative Region (SAR) issues […]<\/p>\n","protected":false},"author":25,"featured_media":217102,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Union Warns Government About Mass Layoffs<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n