Monday, August 08, 2022

Update I: Wynn Macau, others, encourage unpaid leave


Amid tough market conditions, Wynn Macau is among the local casino operators encouraging staff to take unpaid leave to save money.

According to a text message sent to an employee of the casino, the company notified its staff of a week of unpaid leave in March, the Hong Kong publication The Standard reported.

“There is a few quota left for no- pay leave or annual leave from March 9-15," read a mobile-phone text message sent to an employee from the firm.

A Wynn Macau spokesperson told AGB that “like all operators during seasonally quieter periods, we encourage our team members to take vacation time, whether paid or unpaid.” The practice is common among local gaming operators, especially by those with larger workforces.

It is the first time since the 2008 financial crisis the casino has had to resort to such cost-cutting measures, the title adds. Though the break is voluntary, it is the first time in recent years that Wynn Macau has actively reminded staff to take leave, chiming with the fewer customers visiting Macau’s casinos, sources told The Standard.

Macau gross gaming revenue fell 49 percent last month from a year earlier.

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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