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Competition Among Casinos Brewing In Macao July 14, 2003
Some of Las Vegas' biggest casinos are extending the front-line of gaming market competition to the Macao Special Administrative Region, which is the only place in China where casinos are legal.
The Gaming Co. lavished a job advertisement on all major newspapers in Macao this week offering 1,000 job vacancies.
Insiders see it as a recruitment contest targeted at its two rivals, both of which are poised for appealing casino workers in the second half of this year.
The competition for enticing specialized casino workers has become fierce after the two overseas rivals entered Macao's gamingmarket through a casino license bidding held in March last year.
Over 30,000 job seekers turned up at the job interview fair earlier this month competing for 3,500 positions, which ranged from administration, game host and dealing to catering and entertainment services.
It is just the opportunity Macao has been expecting to upgrade the gaming industry. Not only the University of Macao will open new subjects concerning gaming business in the coming semester, but also some higher education institutes will get involved in providing training to casino employees by the end of this year.
The complex will be located in the Cotai land reclamation area between Taipa and Coloane Islands in Macao. Before the completion of the infrastructure construction in two years.
Facing the challenge, Gaming Co. which is the largest enterprise in Macao, has earmarked 4.7 billion patacas (587 million US dollars) to revamp its casinos and build new attractions.
Its latest piece is the dazzling "Crystal Palace," which came into stream in May. With a decoration cost of 25 million patacas (3 million US dollars), the mainhall of the casino is laid with shining Italian gold foil mosaic to reflect the dazzling radiance of the huge crystal droplights hang from the ceiling.
The gaming Co. is now busy preparing for an expansion of its flagship Hotel, which houses the largest casino in Macao. The expanded entertainment area to face the old building across the street will borrow an air of Las Vegas.
The high-rise complex with 30-plus floors is designed to connect with the old building through an underground passway.
The building of the new wing, estimated to cost over 1 billion patacas
(125 million US dollars), is slated for the end of the year and will be
completed in the year 2005.
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