\nHowever, the mass market is currently fueling the gaming industry \u2013 not the VIP. Margins are substantially better on the general public than the high roller, Melco CEO Lawrence Ho saying that “margin on mass is four times higher.”<\/p>\n<\/blockquote>\n
Macau is undergoing a transformation of sorts, as casino operators continue to focus more on the mass marker than the VIP. The switch comes as a result of China President Xi Jinping’s directive to law enforcement to better monitor junket groups that cater to the mainland’s wealthiest citizens.<\/p>\n
Being a tax haven free of the People’s Republic’s heavily taxed socialist regime, Macau has been viewed as a channel to move money out from the country.<\/p>\n
VIPs once accounted for more than 70 percent of the overall GGR in Macau. Today, the high roller private rooms are generating less than half of the casino revenue.<\/p>\n
That trend is expected to continue, as incentives across the enclave continue to entice the casino operators to invest in non-gaming amenities and attractions. Last year’s opening of the 34-mile bridge that connects Hong Kong to Macau ended the SAR’s relatively isolated status, and now makes the gaming hub more accessible for the mass market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau is the world’s richest gambling mecca, and the gaming industry is providing plenty of well-paying jobs for locals. Data released this week by the Special Administrative Region’s (SAR) Statistics and Census Service reveals that unemployment between February through April fell 0.2 percent to 1.7 percent. That means just 6,600 locals in the enclave are […]<\/p>\n","protected":false},"author":25,"featured_media":105891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Macau Unemployment Rate Just 1.7 Percent, Gaming Industry Hiring<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n