GGRAsia – MGM China to pay bonus for non-management

MGM China to pay bonus for non-management

Jan 17, 2017 Newsdesk Latest News, Macau, Top of the deck

Macau casino operator MGM China Holdings Ltd on Tuesday announced what it describes as a “discretionary bonus” for eligible non-management team members. The bonus, equivalent to one month’s salary, was described as a way to “share the company’s success with the team members”.

The release did not specify how many workers were eligible for the payment, nor the aggregate amount involved.

A decision on whether to award a pay rise to MGM China workers for 2017 is likely to be made at a company board meeting within the next two months, GGRAsia has separately learned.

MGM China said on Tuesday that the discretionary bonus was awarded in addition to a special bonus – also equivalent to one month’s salary – that had been announced in 2016. The second half of the 2016 special bonus is to be paid to eligible employees on July 5, 2017, said the company.

“I would like to thank each and every one of our team member for giving their best, and being passionate in creating great moments for our guests through quality service and products,” said in a statement Grant Bowie, chief executive of MGM China.

He added: “2017 is a special year for all of us at MGM as our Cotai property is about to open, and this will be a journey filled with excitement, memories, friendship and success for the MGM team.”

MGM China currently operates only one property in Macau – MGM Macau (pictured) on the city’s peninsula – but is building a second one – MGM Cotai – in the new casino zone of Cotai.

The new US$3.1-billion MGM Cotai will offer approximately 1,500 hotel rooms and suites, a casino with capacity for 500 gaming tables, meeting space, a luxury spa, shops and restaurants. The Cotai property is scheduled to open in the second quarter of 2017, according to company filings.

MGM China is the third Macau-based casino operator to publicly announce a bonus to its non-management staff this year.

Wynn Macau Ltd confirmed last week it would pay a bonus in January – equal to one month’s salary – to employees excluding senior management. Another Macau-based casino operator, SJM Holdings Ltd, has also awarded its employees a bonus for 2017, according to labour groups.