Average earnings reached MOP21,000 (US$2,623) in the third quarter.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Statistics and Census Service (DSEC)<\/strong> has reported that the average earnings of full-time employees in the Macau gaming industry were MOP21,000 (US$2,623) in the third quarter. That’s a rise of 2.43 per cent year-on-year from MOP20,500 (US$2,565).\u00a0<\/p>\n\n\n\n Employees in the gaming sector continue to make up the largest group within Macau\u2019s workforce. There are currently 71,500 gaming workers,<\/strong> representing about 18.9 per cent of the total employed population of 379,300. In Q3, the gaming workforce grew by 1.7 per cent quarter-on-quarter and 0.7 per cent in year-on-year terms. The median monthly salary compares to MOP22,000 in the financial sector and MOP18,000 overall, the latter unchanged from the same quarter last year.<\/p>\n\n\n\n Macau\u2019s general unemployment rate decreased 12.5 per cent in quarter-on-quarter terms to 9,100. Most were actively seeking employment. Among those searching for jobs, 17.2 per cent had previously held positions in the gaming industry while 16.7 per cent had backgrounds in hotels or restaurants. The number of unemployed former gaming employees dropped by 26.3 per cent quarter-on-quarter, falling to 1,400.<\/p>\n\n\n\n See also: <\/strong>TV show to promote Macau and Greater Bay Area<\/a><\/p>\n\n\n\n The Labour Affairs Bureau has reported that the number of non-resident workers<\/strong>, often referred to as blue card holders, stood at 182,371 at the end of September. The number was down 0.471 per cent compared to the end of August. It\u2019s the first time since the relaxation of entry and exit policies last January that the number has fallen.<\/p>\n\n\n\n The construction industry experienced the most significant decrease. The number of non-resident workers in the recreational, cultural, gaming and other services sector reached 11,002, up 29 per cent from 8,505 in January 2023 and up by 38 from the end of August (10,964).<\/p>\n\n\n\n The Hotels, Restaurants, and similar activities sector <\/strong>has consistently been the largest employer of non-resident workers in Macau. As of the end of September, the sector employed 52,605 foreign workers, up by 42 per cent. The majority were from mainland China, followed by the Philippines and Vietnam.<\/p>\n\n\n\n Bank of America Securities<\/strong> has forecast that Macau\u2019s gross gaming revenue (GGR) will reach MOP18bn (US$2.25bn) in November. That would be a decrease of 13.5 per cent month-on-month but a rise of 12.1 per cent compared to November 2023. It would be 78.6 per cent of the GGR recorded in the same month of 2019, before the Covid-19 pandemic.<\/p>\n\n\n\n November\u2019s GGR typically falls more than 10 per cent from October figures. Last November, GGR was down 17.7 per cent month-on-month<\/a>. However, analysts said the Macau Grand Prix<\/a> from November 14 to 17, would positively affect GGR figures. They said GGR had performed better than expected in the last month considering the decline in consumer spending in China. <\/p>\n\n\n\n In October, GGR was\u00a0MOP20.79bn (US$2.60bn). That\u2019s an increase of 6.6 per cent\u00a0year-on-year and 20.5 per cent\u00a0compared to the previous month<\/a>. It was the city\u2019s best monthly performance since January 2020 at the beginning of the Covid-19 pandemic (MOP22.13bn). The rise in revenue was mainly attributed to the\u00a0October Golden Week holiday<\/a>, a seven-day public holiday in Mainland China, which brought\u00a0916,000 visitors<\/strong> to Macau.<\/p>\n","protected":false},"excerpt":{"rendered":" Average earnings reached MOP21,000 (US$2,623) in the third quarter.<\/p>\n","protected":false},"author":176,"featured_media":777013109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gaming industry reported average Q3 earnings of MOP21,000, a 2.43% YoY increase, with the sector's workforce growing to 71,500. Concurrently, non-resident workers in the recreational, cultural, gaming, and other services sector increased by 29% since January 2023. Bank of America Securities forecasts Macau's November GGR at MOP18bn, a 13.5% MoM decrease but a 12.1% YoY rise, following a strong October GGR of MOP20.79bn driven by the Golden Week holiday.","focusai_entities":"Statistics and Census Service (DSEC), Labour Affairs Bureau, Bank of America Securities","focusai_location":"Macau, China, Philippines, Vietnam, Greater Bay Area","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Labor Cost Analysis","query":"How do current gaming sector average earnings in Macau compare to regional competitors, and what are the implications for talent retention and operational expenditure for integrated resort operators?"},{"label":"Non-Resident Worker Impact","query":"What is the projected impact of the fluctuating non-resident worker numbers on the labor supply and associated costs for Macau's gaming and hospitality sectors in the upcoming fiscal year?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906],"class_list":["post-777020604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020604","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=777020604"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020604\/revisions"}],"predecessor-version":[{"id":777020634,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020604\/revisions\/777020634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777013109"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Number of non-resident Macau workers falls slightly<\/h2>\n\n\n\n
Macau GGR expected to reach MOP18bn in November<\/h2>\n\n\n\n