• 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

Wynn Macau paying special bonus to 95pct of staff

Jul 16, 2018 Newsdesk Latest News, Macau, Top of the deck  


Wynn Macau paying special bonus to 95pct of staff

Macau casino operator Wynn Macau Ltd announced on Friday what it termed a “special bonus” equal to one month’s gross salary, payable to “95 percent” of its current 13,200 workforce. The money will be disbursed on August 15, just before the second anniversary of the launch of the firm’s Cotai project, Wynn Palace (pictured). Senior management will not be covered by the award.

The firm said in a statement: “Following a general salary increase announced earlier this year in February, this special bonus is being awarded to show the company’s appreciation for strong business results and team members’ hard work and dedication.”

Net profit at Wynn Macau rose by 119.2 percent in the first quarter of 2018, to US$227.1 million, according to results published in late April.

From being announced in 2014 until the end of 2017 inclusive, the company had what was understood to be a special bonus programme for non senior management staff, and such payments were made twice yearly.

GGRAsia asked the firm via email on Friday whether the newly-announced special bonus was a one-off, or part of a new multi-year scheme. We had not received a reply by the time this story went online.

The casino group is currently working on plans for phase two for Wynn Palace, and which will focus on non-gaming, Hong Kong-based businessman Allan Zeman – appointed Wynn Macau Ltd’s non-executive chairman after the departure in February of founder Steven Wynn from the United States-based parent Wynn Resorts Ltd, and from the local unit – told media on the sidelines of Global Gaming Expo Asia 2018 in Macau in May.


  • tweet
Related articles
  • Macau ops share junket deposit liability: Macau top court
    Macau ops share junket deposit...

    May 16, 2022  

  • No material exposure to Macau junket debt cases: Wynn CEO
    No material exposure to Macau junket...

    May 11, 2022  

More news
  • Pragmatic Play to offer its slots via online platform bet365
    Pragmatic Play to offer its slots via...

    May 17, 2022  

  • PH Resorts widens 1Q loss, affirms going concern risk
    PH Resorts widens 1Q loss, affirms...

    May 17, 2022  


Latest News

Pragmatic Play to offer its slots via online platform bet365

Pragmatic Play to offer its slots via online platform bet365

May 17, 2022  

The Pragmatic Play brand, a leading content provider to the iGaming industry, says it has signed a deal to launch its complete slot portfolio on the bet365 online wagering platform. As a result,...
Read More
PH Resorts widens 1Q loss, affirms going concern risk

PH Resorts widens 1Q loss, affirms going concern risk

May 17, 2022  

AAEC side files appeal notice on failed lawsuit against LVS

AAEC side files appeal notice on failed lawsuit against LVS

May 17, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$14.5 million

First-quarter gaming revenue recorded by the casino at the Jeju Dream Tower resort in South Korea



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us