GGRAsia – MGM China announces new bonus to non-management staff

MGM China announces new bonus to non-management staff

Feb 17, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd on Tuesday announced a special bonus to non-management team members at MGM Macau (pictured), the firm’s single currently-operating Macau property.

The release did not specify how many workers were eligible for the payment, nor the aggregate amount involved. MGM China said only that the special bonus equals to one month’s salary and shall be paid in July 2015.

The special bonus follows the “annual discretionary bonus” announced earlier this month, the company said, adding that non-management employees will have received total bonus equal to two months’ salary for 2014.

“This special bonus is the result of our business performance in the first half of 2014. It is to demonstrate our commitment to sharing success with team members when business goals are achieved,” said Grant Bowie, chief executive of MGM China.

“It is also a way for the company to show our sincere appreciation to our team for their hard work and contribution,” he added.

Macau casino operators have been announcing bonuses and salary hikes as they face market pressure to offer better benefits to attract new workers and retain the experienced ones they already have, in preparation for the big Cotai resort openings between this year and 2017.

In Tuesday’s press statement, MGM China said also it is advertising for local new graduates to join its 2015 Management Associate Programme, which allows Macau graduates to spend a year at MGM Resorts International’s properties in Las Vegas, “before returning to management roles within MGM China”. The company is also sending 26 local managers at MGM Macau for a 10-day trip to Las Vegas.

MGM China is 51-percent owned by Las Vegas-based MGM Resorts. The parent company is to announce its fourth quarter and annual results late evening on Tuesday.

“We are committed to develop local talents and to nurture the newcomers in the industry,” Mr Bowie said in the release.