Supplier News
Singapore – Falling profits force Resorts World Sentosa to cut 400 jobs
By Phil - 11 June 2016
Resorts World Sentosa in Singapore is making 400 casino employees redundant as it looks to become more efficient against falling revenues due to the slowdown in Chinese gamblers.
Genting Singapore, which runs Resorts World Sentosa, reported an 83 per cent year-on-year decline in net profit to S$10.m in the first quarter up to March.
As a result the operator is letting 150 croupiers, 200 supervisors and 25 pit managers go due to the effects of the Chinese government’s austerity drive. The casino employs some 1,400 croupiers, 700 supervisors and 130 pit managers although away from gaming its employs another 9,500 people.
The casino stated: “In anticipation that the business situation is unlikely to improve anytime soon, we have made a very difficult decision to reduce manpower. It is necessary for RWS to review the headcount in its gaming business so that it can achieve the right size to meet its business needs,” a RWS spokesperson said in response to queries.
The Attractions, Resorts & Entertainment Union (AREU) said: “Together with NTUC’s e2i (Employment and Employability Institute), AREU will work closely with RWS to provide training and job placement assistance for affected employees.”
