Employees compensation also fell by 12.5% in a generally poor economic performance throughout the sector.
Casino licenses will expire in June 2022, but analysts predict they may well be extended due to the pandemic. Public consultation is still due to go ahead.
If they do leave due to the China-US trade war worsening further, local or mainland Chinese-funded companies could take over the respective hotel-casino resorts to run the gaming businesses.
Nearly 15%of Macau’s employees worked for the gaming sector in the second quarter of the year.
The weight of gaming in Macau’s gross value-added structure increased by 2.5 percentage points from 2016 to 2017, accounting for 49.1% of the total, according to the region’s Statistics and Census Bureau (DSEC).
Macau casino operator Wynn Macau Ltd reported a US$183.2 million for the third quarter of 2017, a 21.3-percent increase from US$151.0 million for the same period of 2016.
Chief Executive Fernando Chui Sai On said Wednesday that the local gaming sector was still competitive and a leading player in the
The gaming sector had 56,217 full-time employees at the end of last year, down by 2.7 percent year-on-year, said the