During the period of Chinese New Year, Resorts World Sentosa decided to lay off as many as 30 employees. In Singapore, the casino decided to cut several staff members including cashiers on the gaming floor as well as pit managers.
A Resorts World Sentosa spokesman stated that the cuts are part of the venue’s efforts to improve the service delivery of the resort, which includes staff performance appraisals and movement. According to agbrief, Union Gaming’s Grant Govertsen stating that since Genting Singapore has seen a decline in earnings, it makes sense for the operator to cut costs how they can.
Singapore has seen an increase in pressure due to the anti-corruption efforts in China. The mainland economy is slowing and overstaffing was a major issue at this time with the casino. Genting Singapore unfortunately saw their net profit decrease by 81% for a nine month time frame, from January to September, earning only $82.94 million.