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July 28, 2014

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Las Vegas Sands cuts 500 casino workers in Macau

Las Vegas Sands Corp. says it has cut 500 casino workers at its Venetian Macao casino in China and wants to trim 1,000 others' schedules.

The Las Vegas-based casino operator said Tuesday that none of the laid off employees lived in the Chinese gambling enclave and 100 were managers. The cuts represent 2 percent of Sands' Macau employees.

Sands says most of those laid off have been offered similar jobs to be created at its $2.7 billion Marina Bay Sands in Singapore, scheduled to open at the end of 2009. The jobs are subject to government approval.

Under a proposal sent to Chinese authorities, Sands also wants to cut 1,000 workers' weekly hours to 40 from 48 and, for those who receive tips, take away that pay while raising their base salaries.

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