• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 10 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

US diplomat steps into Macau labour debate

Newsdesk by Newsdesk
Thu 18 Nov 2010 at 17:22
1
SHARES
16
VIEWS
Print Friendly, PDF & Email

DOW JONES NEWSWIRES

By Kate O’Keeffe

HONG KONG (Dow Jones)–A senior U.S. diplomat Thursday urged the Macau government to protect the rights of all foreign investors in the gambling haven and handle their requests to secure labor for projects fairly and in a transparent manner.

The comments come as casino operators such as Las Vegas Sands Corp. (LVS) unit Sands China Ltd. (1928.HK) struggle to find workers to build their expansion projects in Macau after the local government earlier this year imposed restrictions on foreign workers.
Speaking at a luncheon about the U.S.’s policies in Asia, the U.S. consul general for Hong Kong and Macau, Stephen Young, said U.S. companies have “readily recognized” the opportunities offered by Macau’s gambling and hospitality industries and have invested more than US$8 billion in the last six years to build casinos, hotels and exhibition centers, employing tens of thousands of Macanese.
Young, who assumed his post in March, has met with Macau’s chief executive, Fernando Chui, and had meetings with the management of Macau’s three U.S.-based casino operators, Sands China, Wynn Macau Ltd. (1128.HK) and MGM Resorts International (MGM).

He said he expects the Macau government’s plans to expand the tourism sector will create opportunities for U.S. firms. But in order to be successful, he said that all foreign investors must be “treated fairly and in a transparent manner.”

In September he said the consequences of Macau’s foreign labor restrictions on businesses was “an ongoing dialogue that they and I and the government of Macau continue to pursue” and that he was optimistic about a resolution.

But Las Vegas Sands said earlier this month the completion date of its long-delayed US$4.1 billion expansion project “is currently not determinable with certainty” until adequate labor quotas are received.
Analysts have said that without a resolution of the labor issue, the Sands project will be further delayed, possibly forcing a downgrade of longer-term profit forecasts for the company.
Speaking to reporters after his speech, Young declined to comment on a lawsuit filed in Nevada by the former chief executive of Sands China alleging he was wrongfully fired after refusing to carry out Las Vegas Sands Chairman Sheldon Adelson’s illegal demands.

Among Steve Jacobs’ claims in the suit are that he was ordered to arrange secret investigations on local officials and to threaten to withhold business from major Chinese banks unless they agreed to use influence with newly elected Macau officials to get favorable treatment. Las Vegas Sands has denied the allegations.

RelatedPosts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Three Macau concessionaires hold job fairs for displaced satellite casino employees

Tue 17 Jun 2025 at 19:35
Inside Thai IRs

Sands China completes full redemption of US$1.63 billion in notes due 2025

Fri 13 Jun 2025 at 05:57
Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

Fri 30 May 2025 at 06:42
The 2024 Asian Gaming Power 50

Sands China completes Londoner Macao revamp, brings Londoner Grand hotel rooms back online in time for Golden Week

Thu 24 Apr 2025 at 06:38
Load More
Tags: LVSSands China
ShareShare
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Century Entertainment signs joint venture agreement to develop gaming system platforms for Asia-Pacific markets

by Newsdesk
Thu 10 Jul 2025 at 06:22

Century Entertainment International Holdings Ltd has announced the formation of a joint venture with Philippines-based World Platinum Technologies Inc (WPT) with the goal of conducting research, development, marketing and sales of WPT’s gaming system platforms and related content in the...

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

Citi: Macau industry EBITDA likely to have grown by 3% in 2Q25

by Ben Blaschke
Thu 10 Jul 2025 at 05:46

Investment bank Citigroup believes the 8% year-on-year growth in gaming revenues generated by Macau’s casino operators in the June quarter will translate to 3% industry EBITDA growth – somewhat tempered by an unfavorable revenue mix due to a rebound in...

Thailand’s casino bill officially on hold after House votes to remove it from agenda

Thailand’s casino bill officially on hold after House votes to remove it from agenda

by Ben Blaschke
Thu 10 Jul 2025 at 05:42

Thailand’s controversial casino bill is officially off the House agenda after members voted in favor of its withdrawal on Wednesday. Local media outlet The Nation reported that the vote took place after two hours of debate, with 253 votes in...

Macau government says ratio of local staff employed by concessionaires in middle and senior positions now at 90%

Macau government says ratio of local staff employed by concessionaires in middle and senior positions now at 90%

by Pierce Chan
Wed 9 Jul 2025 at 19:46

Around 90% of the middle and senior staff of Macau’s six concessionaires are now local employees, the government has revealed. According to information made public by Secretary for Economy and Finance Tai Kin Ip during a plenary session of the...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English