{"id":29019,"date":"2022-04-18T08:05:31","date_gmt":"2022-04-18T11:05:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29019"},"modified":"2026-04-23T09:33:39","modified_gmt":"2026-04-23T12:33:39","slug":"sands-china-has-laid-off-3000-non-local-employees-during-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-has-laid-off-3000-non-local-employees-during-covid-19-pandemic","title":{"rendered":"Sands China has laid off 3,000 non-local employees during Covid-19 pandemic"},"content":{"rendered":"\n

Wilfred Wong Ying Wai, president of Sands China, has revealed that the company has dismissed more than 3,000 non-local employees since the start of the pandemic.<\/p>\n\n\n\n\n\n\n\n

Macau.- The Covid-19 pandemic has impacted the entire tourism and gaming industry in Macau, and\u00a0Sands China was no exception<\/strong>. The company has revealed that it has laid off more than 3,000 non-local employees over the past two years.<\/p>\n\n\n\n

The information was revealed by Wilfred Wong Ying Wai, president of Sands China, to the Chinese-language newspaper Macao Daily. He also said\u00a0the company’s investments in non-emergency construction projects will be delayed i<\/strong>f the economic impact of the Covid-19 pandemic continues.<\/p>\n\n\n\n

He predicted no significant increase in the number of tourists for the upcoming\u00a0Labour Day Golden Week<\/a> due to Macau’s strict entry policy and the recent surge of Covid-19 cases in mainland China. He added that\u00a0only by strictly implementing epidemic prevention measures<\/strong>\u00a0can Macau persuade mainland tourists to consider it a safe tourist destination.<\/p>\n\n\n\n

The Statistics and Census Bureau (DSEC)<\/strong>\u00a0has reported that at the end of 2021,\u00a0the gaming industry had 54,839 full-time employees<\/strong>,\u00a0a decrease of 1,774<\/a>\u00a0from the same period in 2020. The number of dealers fell by 758 and the number of service and sales workers by 410.<\/p>\n\n\n\n

The Labour Affairs Bureau (DSAL)<\/strong>\u00a0reported that by the end of 2021, the number of\u00a0non-local workers employed by all six gaming operators<\/a>\u00a0in Macau had fallen by 32 per cent during the Covid-19 pandemic.<\/p>\n\n\n\n

Sands China draws down US$201m from existing credit facility<\/h2>\n\n\n\n

Sands China<\/strong>\u00a0has drawn US$19m and HK$1.42bn (US$182m) from an existing 2018 line of credit for general corporate purposes. The company made the announcement in a recent filing.<\/p>\n\n\n\n

The company said it has\u00a0a \u201cstrong balance sheet and sufficient liquidity in place.\u201d<\/strong>\u00a0This includes the remaining available borrowing capacity under its 2018 revolver facility of US$1.54bn.<\/p>\n\n\n\n

The casino operator added: \u201cBased on the current forecasts, the group believes it is able to support continuing operations, complete the major construction projects that are underway and respond to the current Covid-19 pandemic challenges for at least 12 months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Wilfred Wong Ying Wai, president of Sands China, has revealed that the company has dismissed more than 3,000 non-local employees since the start of the pandemic.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China has dismissed over 3,000 non-local employees since the pandemic's onset and is delaying non-emergency construction due to ongoing economic impacts and strict entry policies in Macau. Concurrently, the company has drawn US$201 million from its existing credit facility, affirming its strong balance sheet and sufficient liquidity to support operations for at least 12 months amidst challenging market conditions.","focusai_entities":"Sands China, Wilfred Wong Ying Wai, Macao Daily, Statistics and Census Bureau (DSEC), Labour Affairs Bureau (DSAL)","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Labor Market Impact","query":"What are the long-term implications of the significant reduction in non-local gaming sector employment for Macau's labor market diversification strategy and local workforce development?"},{"label":"Sands China Liquidity Strategy","query":"How does Sands China's current liquidity position and credit facility utilization compare to its peers in Macau, and what are the projected cash burn rates under various recovery scenarios?"}],"footnotes":""},"categories":[157,16338],"tags":[21680],"class_list":["post-29019","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29019"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29019\/revisions"}],"predecessor-version":[{"id":29027,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29019\/revisions\/29027"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}