SJM Resorts has announced the special discretionary bonus will be equivalent to one month\u2019s salary.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0SJM Resorts\u00a0<\/strong>has now become the sixth Macau gaming operator to announce a special bonus for staff<\/strong>. According to a statement released by the company, the bonus will equal one month’s salary and it will be divided into two payments.<\/p>\n\n\n\n The first tranche of the bonus is going to be paid tomorrow (January 18) and the other is to be paid sometime in July this year.<\/p>\n\n\n\n SJM Resorts wants to recognize its staff’s “hard work and contribution” in the past year<\/strong>. However, the casino operator did not mention what percentage of the workforce would be entitled to the bonus.<\/p>\n\n\n\n Daisy Ho Chiu Fung<\/a>, co-chairman and executive director at SJM Holdings, stated: \u201cWe have full confidence in the future of Macau. As borders reopen in synchronicity with our Government\u2019s timely promotional efforts, we have seen encouraging tourism recovery.<\/p>\n\n\n\n “Together as one, the company will embark on a new horizon, welcoming more visitors, as well as actively supporting the economic diversification of Macau.\u201d<\/p>\n\n\n\n The announcement comes a few days after MGM China<\/a>, Sands China<\/a>, Wynn Macau<\/a>, Melco<\/a> and Galaxy Entertainment Group<\/a> announced a similar move.<\/p>\n","protected":false},"excerpt":{"rendered":" SJM Resorts has announced the special discretionary bonus will be equivalent to one month\u2019s salary.<\/p>\n","protected":false},"author":176,"featured_media":13043,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Resorts, a prominent Macau gaming operator, has announced a special discretionary bonus equivalent to one month's salary for its staff, to be disbursed in two tranches. This initiative follows similar announcements from five other major Macau concessionaires, reflecting a collective industry effort to acknowledge employee contributions amidst an encouraging tourism recovery and renewed confidence in Macau's economic diversification.","focusai_entities":"SJM Resorts, SJM Holdings, Daisy Ho Chiu Fung, MGM China, Sands China, Wynn Macau, Melco, Galaxy Entertainment Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Labor Cost Impact","query":"What is the estimated aggregate financial impact of these discretionary bonuses on the Q1 and Q3 2024 P&L statements for the six Macau concessionaires, and how does this affect their projected EBITDA margins?"},{"label":"Staff Retention Strategy","query":"Beyond these discretionary bonuses, what specific human capital management strategies are Macau operators implementing to address potential labor shortages and enhance employee retention in a recovering market?"}],"footnotes":""},"categories":[157,16338],"tags":[6942],"class_list":["post-777001561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001561","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=777001561"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001561\/revisions"}],"predecessor-version":[{"id":777001563,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001561\/revisions\/777001563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13043"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}