The casino operator aims to recognise its employees for their efforts in the company\u2019s recovery from the Covid-19 pandemic.<\/p>\n\n\n\n\n\n\n\n
Macau.- SJM Resorts <\/strong>joined the remaining five casino operators in Macau and announced the distribution of a one-off bonus equivalent to one month’s salary<\/strong>.\u00a0<\/p>\n\n\n\n According to the company, 98 per cent of the employees currently working there will benefit from the bonus<\/strong>, which will be paid out on January 31.<\/p>\n\n\n\n Daisy Ho, CEO of SJM, thanked the employees for their efforts and contributions and stated: \u201cWith the commencement of a new 10-year gaming concession in 2023, SJM has embarked on a new chapter of continuous development and innovation.<\/p>\n\n\n\n “The company sincerely appreciates the efforts and contributions of our team members, who have capitalised upon opportunities presented in the post-pandemic recovery, leading to steady growth in our business and significant progress in non-gaming realms such as culture, gastronomy, sports, and entertainment performances.\u201d<\/p>\n\n\n\n She finally stated: “In the new year, SJM, together with all its team members, will continue leveraging the company\u2019s strengths and networks to offer high-quality tourism and leisure products and services to visitors worldwide, injecting new momentum into the diversification of Macau\u2019s economy.”<\/p>\n\n\n\n The week before, Galaxy Entertainment Group<\/a>, Wynn Macau<\/a>, MGM China<\/a> and Sands China<\/a> made similar announcements. Melco Resorts<\/a>, meanwhile, also announced a salary increase for its employees.<\/p>\n\n\n\n SJM Holdings<\/strong> is encountering hurdles in its deleveraging efforts, displaying a pace slower than its industry counterparts, as reported by Singapore-based Lucror Analytics. <\/p>\n\n\n\n The company\u2019s financial strain is attributed to elevated staff costs following the closure of five satellite casinos in December 2022 and a gradual operational ramp-up at the Grand Lisboa Palace<\/a>. <\/p>\n\n\n\n Lucror Analytics also expressed a negative credit bias towards SJM, highlighting the company\u2019s unique challenges in contrast to its peers.<\/p>\n\n\n\nSJM Holdings\u2019 deleveraging slower than competitors: Lucror Analytics<\/h2>\n\n\n\n