Feb 03, 2015 Newsdesk Latest News, Macau, Top of the deck  
Macau casino operator MGM China Holdings Ltd on Monday announced what it describes as a “discretionary bonus payout” for all non-management team members.
The bonus, equivalent to one month’s salary and to be paid this month, was “in recognition of the Golden Lion Team’s steadfast efforts and success in the past year,” said the firm, referring to the casino operator’s well-known lion branding and to the collective name for workers at the firm’s single currently-operating Macau property, MGM Macau (pictured).
The release did not specify how many workers were eligible for the payment, nor the aggregate amount involved.
“In addition, the company expects to roll out other initiatives in making careers at MGM Macau competitive and rewarding,” added the press statement.
“I would like to thank all the staff for their hard work and dedication. As we prepare for the opening of our Cotai property, we look forward to creating many opportunities for the MGM Macau team to seek promotion and career advancement,” said Grant Bowie, chief executive of MGM China.
MGM Cotai is currently under construction in the Cotai area of the territory and the company said in October it is due to be completed in “fall 2016”.
The gaming operator is expected to recruit new workers for MGM Cotai, as well as redeploying some it already has at MGM Macau. The unemployment rate in Macau stood at 1.7 percent in the October to December period of last year. It has been at that level since November 2013.
The cost of MGM Cotai – excluding land costs and capitalised interest – was described in the company’s October announcement as being “stable” at US$2.9 billion. The first phase will have capacity for “up to 1,600 hotel rooms, 500 gaming tables and 2,500 slot machines,” MGM China said at the time.
MGM China is 51-percent owned by Las Vegas-based MGM Resorts International.
May 02, 2023
May 02, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31