• 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

Melco Resorts adding staff tips to provident fund mix

Aug 27, 2018 Newsdesk Latest News, Macau, Top of the deck  


Melco Resorts adding staff tips to provident fund mix

Asian casino developer Melco Resorts and Entertainment Ltd says it is to introduce “in coming months” a new system regarding its contribution toward provident fund payments for its Macau non-management staff.

The firm said the new system was the result of a consultation process that had been going on since the beginning of the year. One Macau labour group claimed the casino firm had previously been dragging its heels.

Earlier this month a protest picket on the issue was held outside the firm’s City of Dreams Macau resort (pictured in a file photo), organised by the New Macau Gaming Staff Rights Association – formerly known as Professional for Gaming of New Macau. That group also delivered a petition on the matter to Government Headquarters in mid-August.

Melco Resorts said in a Friday press release the proposed new system for its employee contributions to the Macau-government organised provident fund would involve Melco Resorts providing contributions that would be calculated based on up to 5 percent of base salary, plus an employee’s guaranteed tips if applicable.

The firm further stated that it would award a “one-time special gift of one month salary to eligible Macau non-management employees upon completion of the process related to their participation in the new pension fund plan, subject to further applicable terms and conditions”.

Melco Resorts said the new employer contribution system would be “implemented in the coming months and payment of the one-time special gift to eligible employees, if applicable, is expected to be made on or about the end of October 2018”.

The announcement did not specify what was the previous percentage of base salary contributed by the firm. But several labour groups had been complaining that tips had been excluded by the casino operator – a practice New Macau Gaming Staff Rights Association said had been “discontinued” by other Macau casino firms since “2014 or 2015”.

Melco Resorts said on Friday: “This review has been in progress since the beginning of this year and was developed listening to employees through the company’s regular focus groups and other direct channels, which have been implemented since May 2014.”

A fortnight ago Melco Resorts said in an emailed statement to GGRAsia that it had been talking to the long-established Macau Federation of Trade Unions (FAOM) as well as the Macau Gaming Enterprises Staff’s Association (MGESA) about the issue.

In a posting on that point, New Macau Gaming Staff Rights Association had claimed the firm had been selective regarding to which labour groupings it spoke.

Nonetheless Melco Resorts said in its Friday release that “from January 2018 alone,” 144 communication sessions were held. “This is in addition to table games employees’ global survey conducted every six months since May 2012. We have also been in close communication with relevant Macau SAR government departments,” stated the casino operator.


  • tweet
Related articles
  • Melco Resorts debt/EBITDA ratio to worsen in 2021: Moody’s
    Melco Resorts debt/EBITDA ratio to...

    Jan 14, 2021  

  • Melco GGR up 94pct in Oct-Nov, prices US$250mln notes
    Melco GGR up 94pct in Oct-Nov, prices...

    Jan 14, 2021  

More news
  • CNY 2021 unlikely to boost Macau casinos, say observers
    CNY 2021 unlikely to boost Macau...

    Jan 15, 2021  

  • Mass market play record 65pct Macau GGR in 4Q: govt
    Mass market play record 65pct Macau GGR...

    Jan 15, 2021  


Latest News

CNY 2021 unlikely to boost Macau casinos, say observers

CNY 2021 unlikely to boost Macau casinos, say observers

Jan 15, 2021  

Recent advisory notices issued by a number of local authorities in mainland China, calling on residents not to travel during the February Chinese New Year (CNY) break, further clouds the prospects...
Read More
Mass market play record 65pct Macau GGR in 4Q: govt

Mass market play record 65pct Macau GGR in 4Q: govt

Jan 15, 2021  

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Malaysia Covid outlook negative to Genting Bhd: Moody’s

Jan 15, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“We expect Las Vegas Sands to not have any material change in strategy. The focus remains developing Macau and Singapore”

Vitaly Umansky, Kelsey Zhu and Tianjiao Yu

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Sheldon Adelson, self-declared casino industry iconoclastSheldon Adelson, self-declared casino industry iconoclast January 13, 2021
  • Casino entrepreneur Sheldon Adelson dies aged 87Casino entrepreneur Sheldon Adelson dies aged 87 January 12, 2021
  • Quality fake chips sold online found at Macau casinoQuality fake chips sold online found at Macau casino January 13, 2021
  • Revamped Nüwa hotel reopens Feb 8, says City of DreamsRevamped Nüwa hotel reopens Feb 8, says City of Dreams January 12, 2021
  • Macau no guess if impact by China no CNY travel callMacau no guess if impact by China no CNY travel call January 12, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us