• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau op SJM confirms 2021 living subsidy for staff

Jan 04, 2021 Newsdesk Latest News, Macau, Top of the deck  


Macau op SJM confirms 2021 living subsidy for staff

Sociedade de Jogos de Macau SA (SJM), the Macau operations unit of Hong Kong-listed casino firm SJM Holdings Ltd, says it will be paying its eligible employees what it termed “living subsidies” equivalent to “two months or 1.5 months” of salary. The subsidies will be paid “in two equal payments in January and July respectively, with the first payment to be made on 6 January 2021,” said the company in a Monday statement.

The statement quoted Daisy Ho Chiu Fung, chairman of the board of directors, as saying: “We would like to thank our staff members for their diligent work and dedicated support amidst the challenges of the Covid-19 pandemic.”

The SJM press statement did not specify what categories of employees were eligible for the living subsidies. SJM Holdings’ current flagship property in the Macau market is the Grand Lisboa casino hotel (pictured). The firm is expected to launch its Cotai casino resort scheme, Grand Lisboa Palace, later this year.

SJM’s eligible employees earning a monthly salary of MOP20,000 (US$2,505) or below will be entitled to a bonus equivalent to two months of salary, according to an internal memo seen by GGRAsia. Staff earning above MOP20,000 will be entitled to one-and-a-half months of salary, or MOP40,000, whichever is higher, according to the memo.

Employees that have been working for the company for less than a year will be entitled to receive the bonuses on a pro-rata basis, added the memo.

The SJM group had confirmed to GGRAsia in November 2019 that the company had extended for an additional three years – starting from 2020 – its annual bonus scheme for eligible employees.

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


  • tweet
Related articles
  • Bloomberry Quezon project in 2023, focus on preserving cash
    Bloomberry Quezon project in 2023,...

    Apr 16, 2021  

  • Macau 2021 GGR could be half of pre- Covid-19 levels: Fitch
    Macau 2021 GGR could be half of pre-...

    Apr 15, 2021  

More news
  • Macau VIP GGR up 20pct sequentially in 1Q: govt
    Macau VIP GGR up 20pct...

    Apr 16, 2021  

  • NUSTAR complex in Cebu slated to open 2022: UHRI
    NUSTAR complex in Cebu slated to open...

    Apr 16, 2021  


Latest News

Macau VIP GGR up 20pct sequentially in 1Q: govt

Macau VIP GGR up 20pct sequentially in 1Q: govt

Apr 16, 2021  

Macau’s VIP gross gaming revenue (GGR) in the first quarter of 2021 reached nearly MOP9.13 billion (US$1.14 billion), up 19.7 percent sequentially, according to data released on Friday by the...
Read More
NUSTAR complex in Cebu slated to open 2022: UHRI

NUSTAR complex in Cebu slated to open 2022: UHRI

Apr 16, 2021  

Labour Day hols hotels to be 40-50pct full: Macau govt

Labour Day hols hotels to be 40-50pct full: Macau govt

Apr 16, 2021  

Macau may tie GBA backing to gaming tender: law experts

Macau may tie GBA backing to gaming tender: law experts

Apr 16, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$1.15 billion

Tax revenue collected by the Macau government from the city’s gaming industry in the first three months of 2021



Most Popular

  • Three Manila casinos say still shut despite eased lockdownThree Manila casinos say still shut despite eased lockdown April 13, 2021
  • Macau 2021 GGR could be half of pre- Covid-19 levels: FitchMacau 2021 GGR could be half of pre- Covid-19 levels: Fitch April 15, 2021
  • Macau seeks mutual vaccine recognition with Guangdong: CEMacau seeks mutual vaccine recognition with Guangdong: CE April 13, 2021
  • Macau 1Q VIP GGR bad at 20pct pre pandemic: JP MorganMacau 1Q VIP GGR bad at 20pct pre pandemic: JP Morgan April 14, 2021
  • Philippines needs AML reform on casino biz: IMFPhilippines needs AML reform on casino biz: IMF April 12, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us