GGRAsia – Casino firm Wynn Macau confirms 2017 bonus pay

Casino firm Wynn Macau confirms 2017 bonus pay

Jan 12, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator Wynn Macau Ltd has confirmed to GGRAsia the company will pay what it terms a “winter bonus” – equal to one month’s salary – to employees excluding senior management, on January 13.

As of June 30, 2016, the group had approximately 9,200 full-time employees or equivalents, according to the firm’s interim report filed in August.

Wynn Macau has two properties currently in operation – Wynn Macau casino hotel on Macau peninsula, and its new Cotai gaming resort, Wynn Palace, which opened on August 22.

In November the group announced it had posted a slight loss in the third quarter, in part tied to costs linked to the launch of its US$4.4-billion Wynn Palace.

On Tuesday Cloee Chao, director of a local gaming labour group called Professional for Gaming of New Macau, had posted on social media a memorandum said to be from the company, mentioning a bonus payment.

The memo said employees that had worked for the company for six months up to December 31, 2016, would be eligible for the bonus payment.

Employees with 90 days of service up to December 31, 2016 will receive a pro-rata bonus payment.

“This [payment] is part of the bonus scheme first announced in March 2014,” Wynn Macau told GGRAsia in an email.

Under a programme announced in 2014, qualifying employees receive a guaranteed annual bonus equating to two months of salary, including a payment in January and another in July. The bonus programme was said to be applicable up to 2017, according to previous statements.

Another Macau-based casino operator, SJM Holdings Ltd, has also awarded its employees a bonus for 2017, according to labour groups. SJM Holdings calls its yearly award a “living subsidy“. It is equivalent to either one-and-a-half months of annual salary or two months of salary, depending on the worker concerned.