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October 4, 2014

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Walk out by Macau casino staff over pay

HUNDREDS of casino workers in gambling hub Macau walked off the job yesterday to demand higher wages and better benefits, a union leader said, the latest in a wave of labor unrest to hit casino operators also facing shrinking revenues.

Up to 300 dealers at the flagship casino of MGM China Holdings Ltd , a unit of US-based MGM Resorts International, took collective sick leave at noon, said Ieong Man Teng, head of the Forefront of Macau Gaming labor union.

MGM China said its operations were not affected by the strike. “The vast majority of our team members have reported to work,” the company said.

This comes a month after 1,000 dealers with SJM Holdings took industrial action.

Macau is the only place in China where casino gambling is legal and gaming revenues account for nearly 90 percent of government revenues.

The former Portuguese colony, home to just over 500,000 people, is racing to build eight new resorts in the next three years, but faces a shortage of labor due to rigid regulations that prohibit foreigners from working at gaming tables.

Analysts forecast Macau’s gambling revenues to have dropped 13 percent year-on-year in September, their fourth consecutive month of decline.

Revenues for October are also expected to be weak as tour groups have been affected by the Occupy Central protests in Hong Kong, said analysts.




 

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