Casino operator follows its rivals in delivering a “discretionary bonus” to its workers.<\/p>\n\n\n\n\n\n\n\n
Macau.- After the announcements from Wynn Macau and Galaxy Entertainment Group<\/strong><\/em><\/a>, casino operator MGM China Holdings Ltd has announced it too will pay a \u201cdiscretionary bonus\u201d to eligible non-management employees. <\/p>\n\n\n\n The amount is equivalent to \u201cone month\u2019s salary,\u201d the firm said in a press release and will be paid separated in two parts: the first in mid-January and the second in early February.<\/p>\n\n\n\n MGM China operates two venues in Macau – the MGM Macau and the MGM Cotai-, and said that \u201cover 90 percent\u201d of its staff would be awarded the discretionary bonus. <\/p>\n\n\n\n Wynn Macau Ltd<\/strong><\/em><\/a>, Galaxy Entertainment Group Ltd<\/em><\/a><\/strong> and SJM Holdings Ltd have, have also announced employee bonuses in recent week<\/a><\/strong><\/em>s<\/strong><\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Casino operator follows its rivals in delivering a “discretionary bonus” to its workers.<\/p>\n","protected":false},"author":2,"featured_media":2238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China Holdings Ltd has announced a discretionary bonus equivalent to one month's salary for its eligible non-management employees, following similar announcements from rivals Wynn Macau and Galaxy Entertainment Group. This move, also mirrored by SJM Holdings Ltd, indicates a competitive labor market and potentially improved financial performance within Macau's integrated resort sector. Over 90% of MGM China's staff will receive this bonus, paid in two installments.","focusai_entities":"MGM China Holdings Ltd, Wynn Macau, Galaxy Entertainment Group, SJM Holdings Ltd, MGM Macau, MGM Cotai","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Q1 EBITDA?","query":"How will these widespread discretionary bonuses impact the Q1 2024 EBITDA margins and overall operational expenditure for Macau's concessionaires?"},{"label":"Talent Retention Strategy?","query":"What are the long-term implications of this competitive compensation trend on Macau's gaming sector's talent retention strategies and labor market stability?"}],"footnotes":""},"categories":[160,28,16338],"tags":[29,257],"class_list":["post-2234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-casino","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2234"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2234\/revisions"}],"predecessor-version":[{"id":2263,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2234\/revisions\/2263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2238"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}