Macau-based casino operator Wynn Macau Ltd said on Friday that the company would pay a “special bonus” to employees, excluding senior management, equivalent to one month’s gross salary. The special bonus is understood to be part of a company scheme providing twice-yearly special bonuses, that was first announced in 2014 and runs until this year.
The number of eligible employees working at the firm’s Wynn Macau and Wynn Palace properties to receive the company’s currently-announced special bonus represents “more than 96 percent of the current 12,600 workforce,” according to a company press release on Friday.
“Following a general salary increase announced earlier this year in March, this special bonus is being awarded to show the company’s appreciation to all team members for their hard work and dedication,” the Friday announcement stated.
GGRAsia approached Wynn Macau Ltd asking for clarification on whether the scheme announced in 2014 for a twice-yearly special bonus would be extended beyond 2017. No response had been received by the time this story went online.
Under the scheme flagged in 2014, qualifying Wynn Macau Ltd employees were to receive a guaranteed annual bonus equating to two months of salary, payable in two instalments: one in January and another in July. The bonus programme was to be applicable up to 2017 inclusive, according to previous company announcements.
Separately, in late March this year, Wynn Macau confirmed a pay rise for its employees – excluding senior management – effective from March 1. Under it, eligible employees earning a maximum of MOP16,000 (US$2,000) per month were due to receive a pay increase of MOP500 per month, equivalent to an increment of between 3 percent and 6.5 percent, said the company. Team members earning above MOP16,000 per month were to receive an average increase of 2.5 percent, the firm added at the time.
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"The stronger mass growth [in Macau in the second quarter] should be viewed positively vis- à-vis [the] government’s stated priority”
Japanese brokerage Nomura