Macua Casino’s Worried About Losing Employees

Macau has become the leading gambling hub in the world, attracting the richest of the richest business men from across the globe, as well as a large share of gambling interested tourists. But the success comes with a price it seems, as seven out of 10 casino’s are worried about potentially losing their employees.

The research was done by Marsh LLC, a US based risk management company, who asked risk managers and company executives which issues they see affection their business the most. The main issue for Macau is the low unemployment rate, which currently sits at 1.7%, which means that there is a constant need for new employees and nowhere to get them from, except stealing them from other casinos.

This means that casinos are finding it difficult to keep the talented employees they have, as other casinos are offering better packages for them to attract them to their company. Around 22.7% of the total work force in Macau works in gambling related areas and around 30% works in the gaming and hospitality industry.

This means that new casinos opening in the region might end up opening with a lot less tables than they originally planned, simply because they cannot find sufficient employees to cover the jobs. While the casinos will fly in staff from abroad, it is crucial to have local staff as well, to cater to the local Chinese gambling crazy people.

Steve Wynn stated in March that he would give his 7,500 non-senior staff company shares in Wynn Macau Ltd, as a benefit to keep the employees in the casino. While it may work on a short-term basis, it is probably only a matter of time before other casinos does something similar, or better, and attracts staff from other casinos.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago