97 per cent of the team members will receive a special payment.<\/p>\n\n\n\n\n\n\n\n
Macau.- MGM China<\/strong> has become the fourth Macau gaming operator to announce a special bonus for staff. The company said the \u201cone-time discretionary allowance\u201d would apply to 97 per cent of team members.<\/p>\n\n\n\n The one-time discretionary allowance, equivalent to one month\u2019s salary<\/strong>, is \u201can appreciation to the relentless effort and hard work of our team members in the past year, which will be paid around Chinese New Year of 2023<\/strong>,\u201d announced the company. <\/p>\n\n\n\n Pansy Ho<\/strong>, co-chairperson and executive director of MGM China Holdings Limited said: \u201cHaving just celebrated our 15th Anniversary, we are beyond grateful for our team members and the Company as a whole, for working together in solidarity and continuously growing with the Macao SAR.\u201d<\/p>\n\n\n\n Ho added: \u201c2023 marks a grand start for MGM\u2019s new journey, and we are thrilled to see the swift recovery of the city\u2019s tourism industry after the lifting of border restrictions. MGM is ready to embrace the new opportunities ahead and will continue to take practical actions in promoting the economic diversification of Macau.\u201d<\/p>\n\n\n\n The announcement comes a few days after Sands China<\/a> made a similar move, with over 23,000 members of its staff benefiting from a discretionary allowance, and Wynn Macau<\/a> revealed that on January 16 a \u201cspecial allowance\u201d equivalent to one month\u2019s gross salary will be paid to eligible Wynn Macau and Wynn Palace team members. Also, Galaxy Entertainment Group<\/a> revealed a \u201cspecial payment\u201d that would apply to 98 per cent of employees.<\/p>\n","protected":false},"excerpt":{"rendered":" 97 per cent of the team members will receive a special payment.<\/p>\n","protected":false},"author":226,"featured_media":17968,"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 has announced a one-time discretionary allowance equivalent to one month's salary for 97% of its team members, following similar announcements from Sands China, Wynn Macau, and Galaxy Entertainment Group. This move, timed around Chinese New Year 2023, signals operator confidence in Macau's tourism recovery post-border restrictions and aims to appreciate staff efforts.","focusai_entities":"MGM China, Sands China, Wynn Macau, Galaxy Entertainment Group, Pansy Ho, MGM China Holdings Limited","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on EBITDA Margins?","query":"What are the projected long-term implications of these discretionary allowances on Macau's gaming operators' EBITDA margins and their competitive positioning in the labor market?"},{"label":"Macau Diversification Alignment?","query":"How do these staff bonuses align with Macau's broader economic diversification goals, particularly in attracting and retaining skilled talent within the integrated resort sector post-pandemic?"}],"footnotes":""},"categories":[157,16338],"tags":[1618],"class_list":["post-777001392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001392","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001392"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001392\/revisions"}],"predecessor-version":[{"id":777001404,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001392\/revisions\/777001404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17968"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}