Hong Kong-listed Louis XIII Holdings Ltd on Monday announced it is paying what it described as a “Chinese New Year bonus” to all employees. The bonus was equivalent to up to two months’ salary, the firm said.
The company is developing a boutique casino called Casino Louis XIII (pictured) on the edge of Macau’s Cotai district. The property is still under development and targets to open “in the summer of 2016,” said Louis XIII Holdings.
Monday’s release did not specify how many workers were eligible for the payment, nor the aggregate amount involved. The company said the bonus announcement was “in recognition of the team’s effort and contribution to the development” of the new casino property.
“Sustained success of every elite organisation is based on recruiting the highest quality team members, and investing in those individuals through constant world-class training,” said Walt Power, chief executive of Louis XIII Holdings.
“Through this journey of rare and remarkable experiences, we look forward to sharing this success with our team,” he added.
Casino Louis XIII will operate 66 gaming tables (50 premium mass and 16 VIP), according to previous regulatory filings. The developer has said it plans to use the gaming licence of an existing Macau operator, but hasn’t said which one.
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"I am not going to speculate on what the [casino licence refreshment] tender requirements would be. I have full confidence and faith in the Macau government to treat everyone fairly"
Wilfred Wong Ying Wai
President and chief operating officer of Macau-based casino operator Sands China