Dec 22, 2021 Newsdesk Latest News, Macau, Top of the deck  
Macau casino operator MGM China Holdings Ltd announced on Wednesday a “one-time discretionary” bonus to be paid to its eligible non-management workforce. About 95 percent of the group’s employees will be entitled to such a payment, the firm said in a statement.
“The one-time discretionary allowance is equal to one month’s salary, and will be paid in two installments before and after 2022 Chinese New Year,” stated the casino firm.
MGM China is 56-percent owned by United States-based casino operator MGM Resorts International. MGM China runs the MGM Macau resort on the city’s peninsula, and MGM Cotai in Macau’s Cotai district.
Pansy Ho Chiu King, co-chairperson and executive director of MGM China, was quoted in Wednesday’s statement as saying that despite 2021 being “another year of adapting to changes,” the group’s employees “strive their best to ride out of the storm”.
She added: “The allowance is our appreciation and recognition to the relentless effort and hard work of our team members in the past year,” and would “encourage” the MGM brand’s Macau workforce to “sail together for our new chapter,” the “15th anniversary” of the operation. MGM Macau opened in December 2007.
Jul 06, 2022
Jul 05, 2022
Jul 06, 2022
Jul 06, 2022
Jul 06, 2022
More than 500 people are still inside the Grand Lisboa casino hotel after the complex was locked down on Tuesday by the local authorities, said an official during a Wednesday afternoon briefing on...
(Click here for more)
”As the Macau gaming revenue structure is now leaning heavily towards the mass business … once the border fully reopens, the recovery from mass should drive the sector to bounce more swiftly”
Vitaly Umansky, Louis Li and Shirley Yang
Analysts at Sanford C. Bernstein