• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

70 pct polled fear losing Macau workers

May 26, 2014 Newsdesk Latest News, Macau, Top of the deck  


70 pct polled fear losing Macau workers

Seven out of 10 corporate risk managers and company executives polled in a survey by Marsh LLC – a United States-based specialist in insurance broking and risk management – identified employee attraction and retention as the top risk issues for their Macau operations.

Marsh said the survey was conducted at a recent risk management forum hosted in Macau.

A major pinch point for casino operators in the city is hiring sufficient casino dealers. The overall unemployment rate in Macau stood at 1.7 percent in the first quarter according to government data, and only Macau permanent residents can be table games dealers.

About 22.7 percent of the employed population worked in gaming in the three months to March 31, according to data from the territory’s Statistics and Census Service. Adding the hospitality industry, about 30 percent of Macau’s employed population worked in the gaming and hospitality industries as of March 31.

Morgan Stanley, a bank, said in a January report from its Hong Kong office that some of the new Cotai casinos – six large ones are due to open between mid-2015 and 2018 – could launch with as few as 100 tables were there to be no change in the government’s current labour policies. Morgan Stanley Research Asia-Pacific estimates that the new casino-resorts will need 12,600 extra dealers.

Lei Yu, director of Marsh Macau, said in a commentary on its own survey: “The issue of employee-related risks is amplified in a territory like Macau, which is an economy based on hospitality and gaming. Companies must offer competitive benefit programmes to attract and retain talent, while also invest into workplace safety and health programs to reduce absenteeism and increase productivity.”

Steve Wynn, chairman of Wynn Macau Ltd, said in late March via a company statement that his firm would grant shares in his Hong Kong-listed venture to his 7,500 “non-senior” local staff – albeit on a deferred basis. The implication was that this would be a way to ensure the company can retain staff.

Other risks in Macau identified in the Marsh survey were: customer default or non-payment (29 percent), professional liability (29 percent), cyber attacks (25 percent), natural catastrophes (25 percent), environmental or pollution liability (21 percent), and political risk (21 percent).


  • tweet
Related articles
  • Macau casino staff ok on stay-home incentives: labour reps
    Macau casino staff ok on stay-home...

    Jul 11, 2022  

  • Macau tells casinos cut on-duty staff by 90pct: reports
    Macau tells casinos cut on-duty staff...

    Jul 01, 2022  

More news
  • Covid entry tests for mainlanders to Macau, except Zhuhai
    Covid entry tests for mainlanders to...

    Aug 09, 2022  

  • SOFTSWISS affiliate platform Affilka opts for cost-per-lead
    SOFTSWISS affiliate platform Affilka...

    Aug 09, 2022  


Latest News

Covid entry tests for mainlanders to Macau, except Zhuhai

Covid entry tests for mainlanders to Macau, except Zhuhai

Aug 09, 2022  

Starting from 1am on Tuesday (August 9), most travelling directly by air or sea to Macau from mainland China are required to take a nucleic acid test (NAT) upon arrival, plus another such test within...
Read More
SOFTSWISS affiliate platform Affilka opts for cost-per-lead

SOFTSWISS affiliate platform Affilka opts for cost-per-lead

Aug 09, 2022  

SOFTSWISS Sportsbook offering iFrame function

SOFTSWISS Sportsbook offering iFrame function

Aug 09, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I believe it will take more than the offered concession term, 10 years, to see an appreciable increase in inflows of tourists [to Macau] from countries outside the existing tourist catchment areas”

David Green

Gaming and governance consultant at Newpage Consulting



Most Popular

  • More biz from foreigners hard for Macau casinos say expertsMore biz from foreigners hard for Macau casinos say experts August 8, 2022
  • Court tells Philippine AML body end bank heist cash freezeCourt tells Philippine AML body end bank heist cash freeze August 8, 2022
  • Bloomberry 2Q net income more than doubles q-o-qBloomberry 2Q net income more than doubles q-o-q August 8, 2022
  • Microchip lack felt by slot makers says MGEMA boss ChunMicrochip lack felt by slot makers says MGEMA boss Chun August 5, 2022
  • Japanese get visa-free S.Korea entry for August: reportJapanese get visa-free S.Korea entry for August: report August 4, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us