As Macau’s gaming industry sees revenues decrease and high-rollers look to take their money elsewhere, operators have had to shift their focus and resources to capture a bigger slice of the mass market, which includes opening up their non-gaming elements.
Amid this shift, operators have had to respond to the changing dynamic by retraining and reshuffling staff in a bid to make their workforce more adaptable, resulting in less demand for some skills and professions than previously.
It was recently announced that the number of full-time employees in Macau’s gaming sector rose 1.3 percent year-on-year in 15Q2 to 57,422, while the number of dealers dropped by 2.5 percent to 25,072, according to official data.
Average earnings in June, excluding bonuses and allowances, of full-time employees stood at MOP21,480 ($2,689), up 6.5 percent year-on-year, while dealer average earnings increased 6 percent to MOP18,580.
Dr Leanda Care, a research analyst on Asia’s casino industry for...
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.
Analysts have turned more upbeat about the prospects for Malaysia’s gambling operators, despite a recent upswing in new Covid-19 cases, saying the sector is good value as stocks are still down between 15 to 26 percent on the prior year.
Frederic Jean-Marie Winckler, executive vice president and chief creative and brand officer of Melco Resorts & Entertainment, talks with Michael Penn, executive editor of AGB Nippon, about the future of the luxury market in Macau and beyond. Among the topics addressed are the growing importance of digitization and the direction of luxury trends within the premium mass segment.
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.