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Fixing ailing Macau casinos: A few words of experience
Macau industry observers, gaming analysts, and even casino operators are now admitting that the decade-old party has run out of steam, if not over. The “build it and they will come” maxim and its attendant hubris that has characterized the Macau gaming industry since 2003 are now causing deep concern to operators and investors alike. To counter the downturn, the knee-jerk reaction has been to cut costs, directly affecting customer service. This could be a disastrous strategy. According to a recent Gartner study, 89 percent of the companies surveyed will be competing on the basis of customer experience in 2016, nearly a three-fold increase from five years ago.
No need for further spending cuts in Macau says official
Macau’s Secretary for Economy and Finance said the government is financially stable and sees no need to launch more measures to control expenditure.
In a...
Municipal jobs may get cut amid Tinian closure
Tinian’s Mayor called a meeting to notify municipal employees, whose positions are funded by casino gaming revenues, that their contracts may not be renewed...