The trend could accelerate after the government announced a cap of 12,000 gaming machines for new operators starting 2023 under a new casino law. Macau Gaming Equipment Manufacturers Association chairman Jay Chun said he knew of 'at least four multinational casino suppliers' relocating manpower and resources overseas. The move comes due to the fact that the firm has seen revenue plunge about 90% in Macau as casinos shelved purchasing plans amid a prolonged industry slump. The unnamed company is relocating as many as 30% of its employees and has taken more than half of its inventory out of Macau due to supply chain challenges, sources familiar with the matter told the cited source. In light of this, gaming products provider L ight & Wonder is relocating its expatriate staff to the Philippines, which has become its top market in Asia and where it is opening a new office, reports The Strait Times. According to Jon Kelly, the American company's Asia vice-president and managing director, t he company is getting only limited revenue from maintenance and technical support.Īdditionally, another equipment maker from Japan is also moving employees to the Philippines and Singapore. Moreover, casinos are not buying any new equipment until they get new licenses to continue operating at the end of the year. In another sign of the damage that China's Covid-19-zero policy has wrought on the formerly bustling gambling hub, demand in Macau has decreased leading several providers to take the decision to relocate. According to the latest reports, suppliers of slot machines, baccarat table systems, and other casino equipment are moving out of Macau to more welcoming markets. As gaming around the world rebounds, and businesses slowly begin to recover from the effects left by the Covid-19 pandemic, Macau's struggle is far from over.

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