LV Sands will slash up to 4,000 Macau jobs
Las Vegas Review-Journal
New Las Vegas Sands Corp. President Michael Leven said the company plans to eliminate up to 4,000 jobs in its Macau casinos in an effort to "right-size the operations" in the Chinese gaming enclave. In an interview with Bloomberg, Leven said the company wants to reduce costs in Macau by September. Leven, who took over as Las Vegas Sands president on March 11, told the Review-Journal on Tuesday the company had stabilized its efforts at its two Strip casinos and was looking at a similar strategy in Macau. The company operates the Sands Macau on the Macau Peninsula and The Venetian Macau and Four Season Macau on the Cotai Strip. Construction was halted last year on six hotel-casinos under development on Macau's Cotai Strip region, the second phase in what had been planned as a $12 billion, 20,000-room complex of hotels and casinos.