Scientific Game

Melco Resorts announces discretionary bonus for employees

Wednesday, 14 February 2018 06:36
Share
Visit us

Melco Resorts & Entertainment Limited has become the latest Macau concessionaire to declare discretionary bonuses for its non-management staff.

Melco announced on Tuesday that it would pay a one-month discretionary bonus to all eligible non-management employees in advance of Chinese New Year, while effective from 1 April 2018, a salary increase ranging from 2.5% to 8.1% will be offered “in recognition for their hard work and contribution to the company.”

Those employees earning up to MOP$16,000 will receive a salary increase of MOP$600 per month, representing an increase of 3.8% to 8.1%. Those earning in excess of MOP$16,000 shall receive an increment of 2.5%.

“Melco’s employees are our strongest asset,” said Chairman and CEO Lawrence Ho. “As a token of our heartfelt thanks for their unfailing dedication, contribution and loyalty, we are pleased to announce a discretionary bonus and a competitive pay increment to our employees.

“With extensive upgrades to our integrated resort offerings, culminating in the unveiling of Morpheus this year, I trust that together, we will further solidify our leadership position in the industry to make 2018 a fruitful and rewarding year.”

Melco also referred to the “Melco Employee Loyalty Program” introduced in 2014, whereby eligible employees were offered a choice between receiving an additional month’s pay during the summer for three successive years or the “Golden Nest Egg” – an incentive offering of the total sum equal to six months’ pay for those eligible employees who serve approximately three consecutive years with the company.

In July 2018, eligible employees will receive the final payment of the “Golden Nest Egg.”

 

 

What's new

Silver Heritage sees second director depart as Richard Barker stands down

Silver Heritage sees second director depart as Richard Barker stands down Silver Heritage Group has lost another director with the company announcing that Richard Barker has resigned with immediate effect. In a filing to the Australian Securities Exchange, the company said that Barker had resigned to focus on other business interests, with a previous resolution pertainin... Wednesday, 23 May 2018 06:48

Queensland tourism official to fly to Macau, Las Vegas for operator talks

Queensland tourism official to fly to Macau, Las Vegas for operator talks Queensland Tourism officials will fly to Macau and Las Vegas from next week to meet with operators regarding potential integrated resort developments in the northern Australian state. According to a report by Australian television network Channel 9, a team led by Tourism Minister Kate Jones will si... Wednesday, 23 May 2018 06:44

Vietnam to slash tax incentives for casino developments in special economic zones

Vietnam to slash tax incentives for casino developments in special economic zones Vietnamese officials are contemplating cutting previously agreed tax incentives for casino operators in the country’s special economic zones (SEZs). The draft law for Vietnam’s SEZs is expected to be discussed during a session of the Standing Committee of the National Assembly following critici... Wednesday, 23 May 2018 06:23

Duterte fires two PAGCOR officials, threatens more

Duterte fires two PAGCOR officials, threatens more Philippines President Rodrigo Duterte has sacked two senior PAGCOR officials and promised to sack more for alleged abuse of power in the granting of gaming licenses. According to the Philippine Star, Duterte accused the officials of granting a license to a free port operator outside the scope of fr... Wednesday, 23 May 2018 05:46

Current Issue

Macau and Japan: Licensing looms large

Macau and Japan: Licensing looms large The next few years are set to be the most crucial period ever in the Asian gaming industry – one which will lay the ground rules for decades to come in the world’s largest gaming market and what’s set to become the world’s second largest. By Ben Blaschke and Andrew W Scott Macau and Japan ... Monday, 30 April 2018 12:39

Pachinko: Japan's Unlucky Loser

Pachinko: Japan's Unlucky Loser Japan’s preparations for integrated resorts are hitting pachinko harder than the actual casinos ever will. By Muhammad Cohen Japan won’t open its first integrated resort for years, if ever, but the IRs already have their first loser, the country’s unique and ubiquitous pachinko business. Pac... Monday, 30 April 2018 12:33

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market

Responsible Gaming in Japan: Bill to be key to Japan’s Gaming Market Global Market Advisors’ Brendan D Bussman runs through the pros and cons of Japan’s problem gambling legislation. By Brendan D Bussmann As Japan continues to look at the development of integrated resorts (IR), many people engaged and following the market are focused on the IR Implementation Bi... Monday, 30 April 2018 12:28

Safety First

Safety First The International Association of Gaming Advisors (IAGA) will hold its 37th annual International Gaming Summit during G2E Asia from 14 to 16 May at Four Seasons Macao. Among the many insightful seminars and events that will comprise IAGA’s summit is a responsible gaming workshop to be held on Wedne... Monday, 30 April 2018 12:12