Macau casino operator Galaxy Entertainment Group Ltd announced on Wednesday a pay rise for its eligible staff members, with effect from April 1. The monthly salary hike will range between 2.5 percent and 7.5 percent, depending on each individual’s current pay, the firm said.
Macau’s inflation rate for 2018 – based on the composite price index issued by the city’s Statistics and Census Service in late January – was 3.01 percent, up by 1.78 percentage points – or more than double – the 1.23 percent recorded in 2017.
Eligible Galaxy Entertainment employees of either “senior manager” grade or below – who joined the firm on or before January 1 this year with a monthly salary of MOP16,000 (US$1,988) or below – will receive “an increment of MOP600”, Galaxy Entertainment announced.
Staff members that currently have a monthly salary above MOP16,000 get a 2.5 percent salary increase.
The firm did not specify the number of staff in each category that benefit from this latest pay hike, but noted that “98.5 percent” of the firm’s workforce would be getting a pay rise.
Several other Macau casino operators have recently publicly announced 2019 pay hikes for staff outside the senior management tier.
Sands China Ltd had in mid-January been the first Macau operator to make a public statement about a 2019 pay rise, effective from March 1. The firm said it amounted to an increase of between 4.6 percent and 6.0 percent for workers earning up to MOP13,000. Eligible employees earning more than MOP13,000 per month would receive an average increment of 2.5 percent, Sands China said.
In late January, Melco Resorts and Entertainment Ltd announced a 2019 salary increase for eligible non-management employees. It said the rise would range between 2.5 percent and 7.5 percent, and take effect from April 1. Those earning a monthly “base salary” – a figure “including tips”– that amounted to more than MOP13,000, are to receive a pay increase of 2.5 percent.
Market rival casino operator Wynn Macau Ltd had also announced a pay rise for its staff exclusive of senior management. Eligible workers at its Wynn Macau and Wynn Palace properties with a monthly salary of MOP16,000 or below, will receive a monthly salary increase of MOP600, which the company said was equivalent to a pay rise of between 3.8 percent and 6.4 percent, depending on each person’s salary. Meanwhile, those that are with a monthly salary above MOP16,000 will receive a pay rise that amounts to an average 2.5 percent.
Feb 18, 2019Casino design specialists Steelman Partners LLP have named Steve Anderson as the company’s new president after Ethan Nelson’s resignation in December. Mr Anderson has been a senior project...
Feb 18, 2019
Feb 18, 2019
Feb 18, 2019
”We expect it [the first phase of casino resort Hoiana in Vietnam] to open in October, and by then basically 90 percent of the first-phase content will be launched – such as the golf course, and hotels”
Andrew Lo Kai Bong
Executive director of project investor Suncity Group