• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

MPEL pays extra salary under summer bonus scheme

Aug 11, 2016 Newsdesk Latest News, Macau, Top of the deck  


MPEL pays extra salary under summer bonus scheme

Asian casino developer and operator Melco Crown Entertainment Ltd (MPEL) on Thursday announced that at the end of July it had paid an additional one-month salary to eligible employees.

The payment – which the company terms as a “summer incentive” – was made under the previously announced “Employee Incentive Programme”, said Melco Crown in a press release. The firm did not say how many workers were eligible for the bonus.

Melco Crown’s programme allows the company’s eligible employees to choose either: a payment – made around summertime each year – of the equivalent of one month’s salary; or a one-off payment equivalent to six times of the relevant employee’s monthly salary. The company calls the latter option the “Golden Nest Egg”.

In Macau, the group developed and operates the casino resorts City of Dreams (pictured), Altira and Studio City.

“At Melco Crown Entertainment, we see our employees as the most valuable asset. I am delighted to learn that the majority have opted for the longer-term ‘Golden Nest Egg’,” said the firm’s chairman and chief executive, Lawrence Ho Yau Lung, adding that the payment had the potential greatly to enhance employees’ lives.

Melco Crown on August 4 reported a 27 percent increase in profit for the second quarter of 2016. The company posted net income of US$30.8 million for the three months to June 30, compared to US$24.3 million in the prior-year quarter.


  • tweet
Related articles
  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  

  • Studio City new attraction for families open June 30
    Studio City new attraction for families...

    Jun 07, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us