{"id":30623,"date":"2022-06-09T05:02:22","date_gmt":"2022-06-09T08:02:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30623"},"modified":"2026-04-23T07:56:20","modified_gmt":"2026-04-23T10:56:20","slug":"90-of-wynn-macau-management-accepts-share-option-scheme","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/90-of-wynn-macau-management-accepts-share-option-scheme","title":{"rendered":"90% of Wynn Macau management accepts share option scheme"},"content":{"rendered":"\n

The company said it has been closely communicating with the Labour Affairs Bureau to ensure the arrangements comply with the law.<\/p>\n\n\n\n\n\n\n\n

Macau.- Wynn Macau has announced that more than 90 per cent of its management has accepted a voluntary plan\u00a0<\/strong>in which they will receive company stock in exchange for a temporary pay cut from June 2022 to December 2022.<\/p>\n\n\n\n

The proposal had surprised some labour associations. Legislator Ron Lam U Tou queried it with\u00a0the Labour Affairs Bureau (DSAL)<\/a>\u00a0and had it confirmed that Macau’s Labour Relations Law does not allow casino operators to pay employees through company stocks.<\/p>\n\n\n\n

However, the casino operator said it had been “closely communicating with the Labour Affairs Bureau to ensure the arrangements are in full compliance with the law.\u201d<\/p>\n\n\n\n

Wynn shares rose 4.3 per cent to HK$5.00 in Hong Kong trading on Wednesday. However, stocks are at historically low levels. Before the pandemic, Wynn shares were trading at around HK$20.<\/p>\n\n\n\n

Wynn Macau<\/a>\u00a0reported US$161.2m\u00a0in net losses<\/strong>\u00a0for 2022 Q1. It also registered a fall in operating revenues to US$298.4m, down 28.4 per cent when compared to the previous year. EBITDA was US$6m. The casino operator registered a negative adjusted property EBITDA of US$4.7m for the first quarter, compared to a positive US$16.6m for the first quarter of 2021.<\/p>\n\n\n\n

In the last quarter of the year 2021, the company had reported US$208.1m in net losses<\/a>, an increase from the US$179.8m loss reported in the previous quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company said it has been closely communicating with the Labour Affairs Bureau to ensure the arrangements comply with the law.<\/p>\n","protected":false},"author":176,"featured_media":25750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau has implemented a voluntary stock-for-pay plan for over 90% of its management, exchanging temporary salary reductions for company stock from June to December 2022. This initiative, aimed at cost management amidst significant Q1 2022 net losses, has drawn scrutiny from labor associations and a legislator regarding its compliance with Macau's Labour Relations Law, despite Wynn's assertion of close communication with the Labour Affairs Bureau.","focusai_entities":"Wynn Macau, Labour Affairs Bureau, Ron Lam U Tou","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"DSAL Legal Stance?","query":"What is the definitive legal interpretation from the Labour Affairs Bureau regarding the permissibility of equity-based compensation as a substitute for salary under Macau's Labour Relations Law?"},{"label":"Governance Impact?","query":"How does this voluntary stock-for-pay scheme align with Wynn Macau's corporate governance frameworks, particularly concerning executive compensation and shareholder dilution?"}],"footnotes":""},"categories":[157,16338],"tags":[20777],"class_list":["post-30623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30623","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30623"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30623\/revisions"}],"predecessor-version":[{"id":30631,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30623\/revisions\/30631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25750"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}