• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 31 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
  • 中文
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
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Macau Fisherman’s Wharf staff say they have been sacked

Pierce Chan by Pierce Chan
Sun 7 Aug 2022 at 18:54
Levo Chan now largest single Macau Legend shareholder as David Chow sells down stake

Macau Legend controls the Macau Fisherman’s Wharf precinct.

109
SHARES
2.7k
VIEWS
Print Friendly, PDF & Email

Macau Fisherman’s Wharf employees have told IAG they have been sacked as a result of the business “streamlining” its structure.

A text message sent by Fisherman’s Wharf to its staff, seen by IAG, reads, “In view of the ongoing streamlining of the company (Fisherman’s Wharf), your employment relationship will be terminated with effect from 21 August 2022.”

Some of the employees who were notified of their termination said those who were fired are food and beverage (F&B) workers and most of them are Macau residents. One staff member said, “The company has compensated us for our termination … this is the second time the company has made redundancies during the outbreak.”

Another staff member said, “More than 10 staff members in the restaurant department have been notified of their termination of contract and they are discussing to go to the Labour Affairs Bureau (DSAL) tomorrow (8 August) to review their dismissal.”

An exit document provided by the employee shows that the document was issued by the director of the department and that the affected employee had not less than 10 years of service.

An economic commentator, who asked not to be named, told IAG that with many Macau companies facing serious losses and debts due to the prolonged economic downturn and ongoing travel restrictions, letting staff go was seen as one of the most effective means of keeping costs down and ultimately avoiding going out of business altogether.

“In a poor economic environment, large companies will choose to fire their employees with less seniority first as the compensation [to be paid out as a result of the termination] is not high … companies will try to hire senior staff to help them get back on track when the economy improves at a future time.”

Following the COVID-19 outbreak in Macau on 18 June, restaurants were banned from serving dine-in food from 23 June until 2 August. During this period, businesses such as beauty salons and gyms also had to suspend their operations, while all casino gaming floors were closed for 12 days.

During the two-and-a-half-year pandemic, the Macau government has repeatedly appealed to enterprises not to dismiss their employees. However, the government’s insistence on lockdowns and other strict policies has had a serious economic impact on enterprises, with Macau’s gambling revenue falling to a new low of just MOP$398 million in July – down 95.3% on the equivalent month in 2019, before the pandemic. Many enterprises are experiencing severe financial problems.

In the face of industry restructuring, Executive Director and Chief Executive Officer of Macau Legend, Melinda Chan Mei Yi, said on 12 June that the company would make “modest adjustments” by reducing its workforce by 16%.

IAG recently interviewed veteran gaming practitioner Lam Kai Kong, who believes that concessionaires are likely to lay off staff next year due to a series of rights inequalities between the concessionaires and the government, and the impact of the epidemic generally.

The operator of Fisherman’s Wharf, Macau Legend, has reached an agreement with SJM to extend its contract until 31 December, during which time the gaming areas of Macau Legend’s casinos will be managed by SJM. This is in line with the “management company” provisions of the new Macau gaming law, which came into force in late June.

RelatedPosts

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

Thu 31 Jul 2025 at 06:43
Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

Thu 31 Jul 2025 at 06:38
The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

Thu 31 Jul 2025 at 05:11
Macau’s IP Economy

Macau’s IP Economy

Thu 31 Jul 2025 at 02:01
Load More
Tags: Legend PalaceMacauMacau Fisherman's WharfMacau Legend
Share44Share8
Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

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

Related Posts

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

by Newsdesk
Thu 31 Jul 2025 at 06:43

Inside Asian Gaming’s new weekly production, The IAG Live Streaming Show, will return this Friday 1 August at 10am Macau time. Episode 1 of The IAG Live Streaming Show was broadcast last Friday 25 July 2025, representing an evolution of “On the...

Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

by Ben Blaschke
Thu 31 Jul 2025 at 06:38

MGM China said Thursday that it has soft-launched an “ultra-high-end” gaming space called Alpha Club and completed 28 Alpha Villas at peninsula property MGM Macau as the company continues to make inroads into the city’s lucrative premium mass segment. The...

The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

by Ben Blaschke
Thu 31 Jul 2025 at 05:11

MGM China recorded its highest ever Adjusted EBITDA in the June 2025 quarter, continuing its recent run of success as the company’s Macau market share hit 16.6%. According to information released by parent company MGM Resorts International early Thursday (Macau...

PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

by Ben Blaschke
Wed 30 Jul 2025 at 17:05

Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3% year-on-year thanks in part to a 14% increase in revenues to Php51.8 billion (US$899 million). A day after revealing...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

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

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
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English