Sands China cuts as tourism dips, local jobs ok: Wong

Macau casino operator Sands China Ltd has been reducing operating expenses in response to the dip in Macau tourism linked to Covid-19 outbreaks in the firm’s main source market, mainland China, said the company’s president, Wilfred Wong Ying Wai (pictured in a file photo).

Sands China had reduced the size of the non-resident workforce since the onset of the pandemic, but had kept local ID holders employed, and maintained training programmes for them, said Mr Wong in his Saturday comments on the sidelines of an event.

The volume of inbound tourists to Macau “might not change much” for the upcoming holiday period surrounding Labour Day in May, the executive stated.

“The only thing we can do now is to reduce all sorts of [operating] expenses a bit,” said Mr Wong.

The Sands China president added: “In terms of workforce, we have reduced some [staff], who are mainly imported labour; while we have kept the employment of the locals.”

Source: https://www.ggrasia.com/sands-china-cuts-as-tourism-dips-local-jobs-ok-wong/