Casino Suppliers Quit Macau for Resurgent Singapore, Philippines
- Companies move staff, inventory out of city as slump continues
- Casino revenue collapses on Covid policies, China crackdown
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Suppliers of slot machines, baccarat table systems and other casino equipment are moving out of Macau to more welcoming markets, evidence of the damage China’s Covid Zero policy has wrought on the formerly bustling gambling hub.
With demand in Macau waning, Light & Wonder Inc., a leading provider of products used in casinos, is relocating its expatriate staff to the Philippines, which has become its top market in Asia and where it is opening a new office. Another equipment maker from Japan is also shifting employees to the Philippines and Singapore.