Macau Government Encourages Casino Operators to Increase Wages

The Macau Special Administrative Region (SAR) Government is encouraging its half-dozen commercial casino operators to count increasing employee wages, as gaming activity continues to recuperate from the COVID-19 pandemic.

A whirligig government activity official said this week that with gaming surging this year, the half a dozen cassino grant holders should contemplate elevating worker pay. Lei Wai Nong, the writing table of Macau’s Economy and Finance Office, says cassino revenue potential warrants a 2% to 3% compensation step-up for most staffers.

We cannot instruct the casino concessionaires to adjust the salaries of their employees, but we’ve been advising them to apportion the fruits of the economic retrieval with their employees,” Lei told reporters.

Macau’s casino industry is controlled past the Chinese subsidiaries of Las Vegas Sands, Wynn Resorts, and MGM Resorts, on with Hong Kong-based gaming operators Galaxy Entertainment, SJM Resorts, and Melco Resorts.

Economy Comeback

Lei’s office staff oversees one of the world’s wealthiest economies. Despite measuring just now 45 foursquare miles and having a universe of less than a zillion residents, Macau’s 144 house servant production topped $55 one thousand million inward pre-pandemic 2019.

The economy in the “Las Vegas of Asia” was greatly disrupted past the coronavirus and mainland China President Xi Jinping’s “zero-COVID” response computer program that endured until belatedly 2022. But since the lifting of the controversial policy, gaming — Macau’s primary economic sphere — embarked on its long-awaited recovery.

October marked Macau’s best gaming month since the oncoming of the pandemic, as 144 gaming revenue totaled MOP19.5 billion (US$2.43 billion). Through 10 months, 2023 GGR totaled $18.4 billion.

This year’s gaming win is 316% higher than in 2022, 106% meliorate than inward 2021, and 224% amend than what the six companies won during the same time point inward 2020. The market, however, stock-still has a shipway to spell to take back to 2019 gaming levels, if such a coming back is yet possible considering the market’s unexampled conditions that lineament far fewer VIP junket groups bringing mellow rollers to town.

GGR from Jan through and through Oct 2019 totaled more than $30 billion.

Government Comments Carry Weight

Much different than inward the US, in Macau, when regime officials talk at the buck private sector, those comments are weighed heavily. The sixer casinos go away to great lengths to remain inwards the local government’s unspoiled graces, and ne'er was that made to a greater extent evident than during the tallness of the COVID-19 pandemic.

Despite their resorts beingness nearly desolate of customer traffic, the Captain Hicks casinos retained to the highest degree of their workforces end-to-end the nearly three-year-long wellness crisis. Though their gaming levels have only when returned to about 60% of their 2019 business organisation levels, and higher overhead costs because of inflation are keen into the recovery, Lei’s comments testament follow expected to final result in worker pay increases inward 2024.

Macau casinos, however, typically bring home the bacon their workers with shower bonuses and yearly compensation adjustments.

Last year, all sestet companies issued financial awards to their employees. Sands, Galaxy, Wynn, MGM, and Melco provided their workers with a fillip equivalent weight to ane month’s salary. SJM provided its employees with 1.5 months of pay.

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