• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Casino operator SJM extends bonus plan to 2019

Jan 21, 2019 Newsdesk Latest News, Macau, Top of the deck  


Casino operator SJM extends bonus plan to 2019

Eligible employees of Macau-based casino operator SJM Holdings Ltd are to receive for 2019 an annual bonus – referred to by the company as a yearly “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.

The information was contained in a press release issue on Friday by the company. The release did not specify in which categories were the employees that would be eligible for the award.

SJM Holdings – operator of the Grand Lisboa casino hotel (pictured) – was the last Macau operator to announce publicly a staff bonus this year. The document did not specify the aggregate amount involved.

The company however claims to have been the “earliest gaming operator” to disburse the 2019 bonus, with the “first of two equal payments of the subsidy” paid on January 4.

SJM Holdings’ “living subsidy” award plan was launched in 2014, in what the company describes as a “guaranteed allowance” for its employees. In August 2014, SJM Holdings pledged to retain its bonus scheme until at least the year 2020.

Under the plan, each eligible employee receives a living subsidy equivalent to either one-and-a-half months of annual salary or two months of salary. Such subsidy is paid in two equal instalments, in January and July respectively.

In Friday’s release, the casino operator said additionally that employees that have joined what the firm terms the “2018 or 2020 subsidy-plus plan” will be entitled to receive increased awards based on their accumulated living subsidies once the plan of their choice reaches maturity.


  • tweet
Related articles
  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  

  • SJM Holdings to sponsor Macao Golf Open for next 3 years
    SJM Holdings to sponsor Macao Golf Open...

    Mar 21, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us