Macau Business Magazine has a chilling front page article in their December 2008 issue called “You’re Fired – Expat Exodus” about the mass exodus of Expats working in Macau. You can read the original article at: http://www.macaubusiness.com/index.php?id=1451
Overview from Macau Business Magazine
The wave of lay-offs that has hit the expat community has left a bad taste in the mouth. The whiff of betrayal is in the air and for many, there will be no coming back.
Thoughts from Macau (SAR) China:
“11,000 To Lose Casino Jobs in Macau” – front page featured news at CNN.com today. They are referring specifically to the Sands Venetian.
Well now, not the best news for us working at the Venetian in Macau – but insiders have known it was coming. The dream to make Macau the Vegas of Asia does not come without an element of risk. Granted, Macau IS currently the largest gambling destination in the world, having already surpassed Las Vegas. But a 12 billion or so development project (just to START) by the Sands is monstrous.