Apr 04, 2018 Newsdesk Latest News, Macau, Top of the deck
Macau casino operator Wynn Macau Ltd announced on Tuesday longer leave for new mothers or new fathers who are eligible employees of the firm. It is part of a package of improved maternity and paternity benefits that take effect from May 1, 2018.
The duration of paid maternity leave for Wynn Macau employees is being increased from 56 days to 70 days. Those eligible are female employees who “have completed one year of continuous service as of the date of confinement”. The latter is a term to indicate the time a pregnant woman goes into labour.
For male employees, the length of paid paternity leave is being increased from two days to seven days, the casino company stated. Such leave can be taken either at the time the employee’s child is born or within 30 days of the birth, and applies to all male employees who “have completed one year of continuous service” at the firm.
Macau’s existing labour law states that a male worker is entitled to two working days of unpaid leave from his employment due to paternity; a female worker is entitled to 56 days of paid maternity leave.
Wynn Macau’s market rival Sands China Ltd said on February 12 that it would be implementing a paid paternity leave policy, effective from February 16, for eligible employees. Galaxy Entertainment Group Ltd also announced on February 27 of a paid paternity leave policy, effective on April 1.
Male employees of Sands China and Galaxy Entertainment are respectively entitled to five consecutive days of paid paternity leave under the firms’ latest policies.
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”The [Macau] month-to-date run-rate represents an approximately 45-percent recovery versus pre-Covid-19 levels for headline gross gaming revenue”
DS Kim and Mufan Shi
Analysts at brokerage JP Morgan Securities