Its Cotai casino will be hiring for 8,000 new positions
Galaxy beefs up Macau employment opportunities
2014-08-19
Reading time 36 seg
(Macau).- Galaxy Entertainment Group will increase its workforce by 50 percent to staff its Galaxy Macau resort at the city’s Cotai Strip casino. The company will begin recruiting 8,000 workers at the end of this year. The property is on schedule for completion by the middle of next year, the company said.
Galaxy reported that adjusted earnings before interest, taxes, depreciation and amortization for the three months ended June rose 15 percent to USD 452 million from a year earlier as “mass-market” gamblers offset a slowdown in high rollers’ wagers.
Galaxy joins SJM Holdings as the only Macau casino operators to exceed analyst expectations for quarterly earnings as the high-stakes gamblers who account for 60 percent of the city’s revenue spend less.
The company, which currently has 16,000 employees, faces competition for workers from operators including Melco Crown (MPEL) Entertainment to fill positions as they expand resorts to draw more bettors to the world’s largest gaming hub.
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