Macau: An overview of planned Casino projects at Cotai Strip (updated)

CotaiSands

The Cotai Strip in Macau is the new construction ground for a number of mega-Casino Resorts, scheduled to be open between 2015 and 2018. For those unfamiliar with Macau:

Cotai (Chinese: 路氹城) (Port.Zona do Aterro de Cotai) is a 5.2 square kilometres (2.0 sq mi) piece of newly reclaimed land between Taipa andColoane islands in Macau,[1] that has not yet been assigned to any of the freguesias. The Chinese and Portuguese names are a portmanteau of the two islands, Coloane and Taipa.

As such, a lot of very impressive buildings are going to be constructed on an area that was an impressive project of its own. In the following an overview of currently planned or under-construction mega resorts:

Project Name Total Invest (in billion USD) Owning Company Total # of rooms Total # of gaming tables *) Project Start Project Completion
Galaxy Phase 2 2.0 Galaxy Group 3600 500 2013 2015
Galaxy Phase 3 & 4  4.6 Galaxy Group 5500 tbc  2014 2018
Hollywood Roosevelt 0.350 Yoho Group 373 tbc tbc 2015
Lisboa Palace (SJM Cotai) 3.22 SJM 2000 tbc  tbc 2017
MGM Cotai  2.6 MGM China 1600 500 2012 2016
Sands Cotai Central – St Regis Tower 0.450 Sands 700 tbc 2013/4 2015
Studio City 2.0 Melco-Crown 2000 400 2012 2015
The Parisian 1.5 Sands 3000 tbc  2013 2015
Wynn Palace 4.0 Wynn Macau 2000 500 2012 2016
Wynn Diamond
(Cotai Phase II)
tbc Wynn Macau tbc tbc tbc tbc
Zaha Hadid Tower (City of Dreams) tbc Melco-Crown 780 2013 2017

*) estimated depending on final government license approval

With five of these projects scheduled for completion in the area between Mid 2015 to Mid 2016, labor market for construction works is expected to go haywire with daily wages exploding and a scramble for casino workers happening in parallel. According to various estimates, up to 50,000 workers are required to fill job positions for servers, waiters, dealers, housekeepers, managers, landscaping workers and others.

Add in to this mix that the current open casinos are already looking on a constant basis for staff, with numerous openings available, it will be a tough round with salaries potentially increasing across the board. Why? Taken the requirement for croupiers to be Macau residents (no foreigners allowed) and a lot of people believing that as dealers or croupiers salaries will be higher, more locals might push again into this vocation, leaving other lesser-paid jobs and creating vacancies in other industries. Without opening quota systems to allow for sufficient replacements, only higher salaries might lure people back into non-Gambling jobs (or other incentives, apart from salaries?).

Update July 28th 2014: (also above table is updated)

Graph showing Rooms Added each year and Total Rooms Available End of Year:

HotelsRooms

Galaxy Phase 2
Galaxy Macau Phase 2

Lisboa Palace
Lisboa Palace

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