MGM to pay one-off bonus to non-management staff

MGM China has posted US$289m in revenue for Q3.
MGM China has posted US$289m in revenue for Q3.

MGM China has revealed it will pay a one-time bonus to eligible non-management employees, which represent 95 per cent of its staff.

Macau.- MGM China has confirmed that a one-time discretionary allowance will be paid to eligible non-management team members. According to the company’s statement, 95 per cent of staff are eligible for the reward. 

The casino operator said the allowance will be equal to one month’s salary and will be paid in two instalments before and after the 2022 Chinese New Year. 

Pansy Ho, MGM China Holdings Limited co-chairperson, said: “2021 was another year of adapting to changes, still our Golden Lion team strive their best to ride out of the storm. Recognizing the importance of vaccination in building a solid barrier against the virus for Macau’s economy recovery, MGM team members actively vaccinated and has brought our staff vaccination rate to 95 per cent.”

She added: “In the coming year, MGM will forge ahead to walk out of the shadow of the pandemic with our local community. We will continue to bring forward Macau’s cultural tourism to a new stage through our ‘Tourism+’ development model with Lingnan culture as its foundation.”

“Macau’s gaming market will improve in the medium term” – MGM CFO

As previously reported by Focus Gaming NewsJonathan Halkyard, MGM’s chief financial officer, has said that Macau’s gaming market will improve in the medium term. However, speaking in an online session at the Morgan Stanley Global Retail and Consumer Conference, he said that Macau’s gaming market performance will be irregular over the next six or twelve months.

As for the two MGM venues in Macau, he said: “We’ve got two big businesses there we’re committed to, we have a great management team. It’s just going to be a tough road for a while.”

Halkyard was also asked about Macau’s casino licences renewal and the review of the city’s gaming laws. He said: “I don’t know if we will make it by next June. But we feel like our company is in a very good position for concession retendering. We’re taking the process very seriously of course, but we’re very optimistic about it.”

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