NagaWorld hotel and casino quickly gave in to strikers’ demands, with the roughly 3,000 workers returning to their jobs on Saturday.
The company agreed to increase wage levels by about 18% to 30%, and to reinstate union president, Chhim Sithar, who was suspended in September.
The quick reversal by NagaCorp is somewhat surprising, especially in light of a strong and lengthy statement to shareholders issued by the company on Friday that declared, for example, “The group expects to continue to suspend Ms Chhim Sithar, but with full pay, pending further investigations and analysis.” The very next day she was reinstated.
NagaCorp has not issued any statements since they agreed to settle the strike.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Nagasaki Governor Hodo Nakamura has announced that his prefecture’s RFP process would commence from January 7, showing his eagerness to get an early jump on compiling an IR licensing proposal that cannot be submitted until at least October, under the revised timeline.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.