Casino suppliers move away from Macau to more resurgent gambling markets in Asia. Suppliers of baccarat table systems, slot machines, and other gaming equipment are leaving Macau due to its reduced casino revenue.
Online gambling experts said China’s Covid Zero policy led Macau’s casino revenue to drop. As a result, the demand for casino products is waning. Light and Wonder Inc, a top casino supplier, is moving its staff to the Philippines. Also, another equipment manufacturer is relocating its workers to Singapore and the Philippines.
The equipment manufacturer is relocating 30 percent of its workers. Also, it will take half of its inventory from Macau due to supply-chain difficulties. According to sports betting site sources, the company wants to remain anonymous. Its revenue dropped around 90 percent in Macau because casinos stopped buying plans due to the gambling industry slump.
Casino Suppliers Move Away from Macau
Casinos in Macau stopped purchasing equipment until they renewed their licenses to operate. Thus, Light and Wonder are earning limited revenue via technical support and maintenance. On the other hand, the Philippine market became a dominant Asian market. So, according to betting odds experts, it made sense for the company to move its employees to the country.
Macau used to be the casino capital of the world. However, it ceded the position to Las Vegas during the pandemic. China’s travel policy limited tourists who were going to Macau. As a result, Macau casinos suffered lower revenue.
According to sports betting site reports, at least four casino suppliers are moving their resources and human resources away from Macau. More companies might follow after the government reduces the total number of gaming machines in the city from 17,000 to 12,000 in 2023.
Macau has been pressured to diversify its revenue sources even before the pandemic. Beijing led a crackdown on high rollers and junket operations in Macau. As a result, casino revenues started to go down.
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