Wynn Macau will raise the wages of non-management staff by between 3 percent and 6.5 percent, the company said.
Gaming suppliers, facing the challenge of changing audience demographics and new technology, need to move to “bigger and brighter” machines to lure clients into casinos, industry experts say.
Melco Crown Entertainment has followed Macau rivals in announcing a pay rise for non-management employees, as analysts warn cost pressures in the territory are on the rise again.
Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptick in VIP gaming, Morgan Stanley wrote in a note.
Authorities suspect foul play in a fire that broke out at the construction site of SJM Holding’s new casino on Cotai, the Grand Lisboa Palace, local media reports.
Sands China said its board has recommended a final dividend of HK$1.00 ($0.13) per share for 2016, unchanged from the prior year.
Macau’s operators have been making major efforts to provide more non-gaming amenities, though so far have been unable to provide the wow factor.
Bernstein has revised its GGR estimates for the first quarter of 2017, forecasting 10 percent growth, led by 12.5 percent growth in VIP and 9 percent growth in mass.
New regulations requiring visitors to disclose cash holdings of more than MOP120,000 (US$15,000) at entry to Macau are set to be enforced starting November 1, 2017.
Amax International Holdings said it agreed to buy mobile games apps for a total consideration of $27 million to tap into the booming mobile market.