The Hong Kong-listed company has declared it will waive the extension of its “multiple maturity contracts” currently held by “overseas senior and senior executives.” The source explained that the company recently posted a third-quarter loss of about $280.7 million, with related sales down 93.7% year-over-year to just over $67 million.

Win Macau Limited, which is responsible for the Win Macau and Win Palace Kotai venues in Macau, reportedly said the decision to not renew was also part of a “long-term plan for succession and localization of management rights.” This aspect is reportedly the local government’s desire for all local casinos to begin prioritizing Indigenous candidates over their foreign-born rivals to fill future senior management positions.에볼루션 바카라사이트

Earlier this year, the Macau government reportedly called on local casino operators to avoid massive layoffs in response to the coronavirus pandemic, although it said some high-level employees had voluntarily left as Melco Resorts and Entertainment Limited implemented cost-cutting measures to overcome the ongoing financial slump.

The majority of Wynn Macau Limited, owned by Las Vegas-based Wynn Resorts Limited, reportedly announced that the two-star Golden Flower restaurant within the Wynn Macau property was “temporarily closed during the pandemic” and would only reopen “when visitor numbers become more normal.” It also reportedly said that there are “still” a few “temporarily closed restaurants” but that they will be revived “in due course as business recovers.”