The Macau Metro Monitor, June 26, 2012
SANDS DELAYS SPAIN DECISION Macau Business
LVS said it would wait until September before deciding whether to build a mega casino development in Spain, either in Madrid or Barcelona. There is also the chance of the project not going ahead, depending on Europe’s economy. Less than three months ago, LVS had said its decision on the project would come in April or May.
IMPORTED WORKERS' FIGURE AGAIN OVER 100,000 MARK Macau Business
The number of imported workers has again surpassed the 100,000 mark. In May, the total number of non-resident workers in Macau stood at just under 101,000, up by 1.4% MoM. Macau had a total of 104,000 imported workers in September 2008, but since then the figure had continually dropped month-to-month, following a set of measures introduced by the government to prevent a surge in unemployment among residents due to the 2008 global financial crisis. The imported workers’ figure hit the bottom on May 2010, at 72,000, and has been ever since rising. The number is expected to continue going up as several new casino projects on Cotai are in the pipeline.
