{"id":777012229,"date":"2024-01-04T09:52:34","date_gmt":"2024-01-04T12:52:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012229"},"modified":"2026-04-22T14:19:38","modified_gmt":"2026-04-22T17:19:38","slug":"mgm-china-grants-annual-bonuses-for-staff","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-grants-annual-bonuses-for-staff","title":{"rendered":"MGM China grants annual bonuses for staff"},"content":{"rendered":"\n<p>MGM China has announced a one-month discretionary bonus for over 95 per cent of its workforce.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>MGM China<\/strong>\u00a0has announced it will give a one-time discretionary bonus equivalent to a month&#8217;s salary to<strong> more than 95 per cent of its employees<\/strong>.\u00a0The payout is scheduled for around the Chinese New Year on February 10.<\/p>\n\n\n\n<p><strong>Pansy Ho<\/strong>, chairperson and executive director of MGM China Holdings Limited, announced the move, which is standard practice, at MGM&#8217;s 16th-anniversary celebration. She also disclosed plans for comprehensive upgrades to MGM properties in 2024.<\/p>\n\n\n\n<p>Reflecting on 2023, CEO Bill Hornbuckle highlighted\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-posts-revenue-of-us812-52m-for-q3\" target=\"_blank\" rel=\"noreferrer noopener\">a robust recovery<\/a>, leading to a record-high market share. He affirmed MGM&#8217;s dedication to advancing the city&#8217;s non-gaming elements and attracting a more diverse international visitor base, pledging to uphold development commitments in the coming year.<\/p>\n\n\n\n<p>Morgan Stanley predicts a 2-3 per cent wage increase across Macau&#8217;s gaming companies to align with the government&#8217;s directives, as well as the continuation of the 13th-month salary bonus.\u00a0<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-denies-rumours-of-shareholding-reduction\" rel=\"noreferrer noopener\">MGM China denies rumours of shareholding reduction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM China has announced a one-month discretionary bonus for over 95 per cent of its workforce.<\/p>\n","protected":false},"author":176,"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-month discretionary bonus for over 95% of its workforce, coinciding with Chinese New Year. This initiative follows a robust 2023 recovery and record market share, with plans for comprehensive property upgrades in 2024 and a commitment to non-gaming diversification. Analysts predict broader wage increases across Macau's gaming sector.","focusai_entities":"MGM China, Pansy Ho, MGM China Holdings Limited, Bill Hornbuckle, Morgan Stanley","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on EBITDA Margins?","query":"What is the projected impact of these discretionary bonuses and anticipated sector-wide wage increases on MGM China's Q1 2024 and full-year EBITDA margins?"},{"label":"2024 CapEx & Non-Gaming?","query":"How do MGM China's planned 2024 property upgrades align with Macau's non-gaming diversification mandates, and what is the estimated capital expenditure allocated to these enhancements?"}],"footnotes":""},"categories":[157,16338],"tags":[1618],"class_list":["post-777012229","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\/777012229","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=777012229"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012229\/revisions"}],"predecessor-version":[{"id":777012262,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012229\/revisions\/777012262"}],"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=777012229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}