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ISSUE 96 - Apr 2012
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2012?
Decline
Growth above 20 percent
Growth from 10 to 20 percent
Stagnation
 
 

MGM Macau increases salaries


Posted: 1/13/2012 3:41:15 PM
Rating:     94% (13 votes)
  

MGM Macau will increase the salaries of all non-management team members and give them a Chinese New Year bonus payout.

The company said in a statement “the increment of 5 percent takes into account the effort and loyalty of the team as well as the higher costs of living in Macau.”

However, the statement doesn’t say when these will take place or how much the bonus payout will be.

In November, chief executive Fernando Chui Sai On urged employers to raise the salaries of locals to allow them to catch up with the economic developments.

In the statement, MGM China Holdings Ltd. chief executive officer Grant Bowie said his company is “committed to providing competitive level of benefits and compensation to team members.”

Last month, SJM Holdings Ltd. announced all its workers would be getting a pay rise of between five and 10 percent this year.



Headlines

Final review on rules for smoking areas inside casinos

Casinos will have to divide their floor into smoking and non-smoking areas starting next year

Homes more expensive

The average transaction price of all residential units sold in the first three months of 2012 reaches a new all-time high

Sands China renews Edward Tracy’s contract

The company’s president and CEO has had his contract extended until August next year

Studio City to receive casino approval “soon”: report

Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports
Other Macau Latest News

TransAct appoints new sales manager for Asia

Rashid Suliman will be responsible for the sales of the company’s products in Macau

Venetian hosts Ice World

The exhibit will last until September 16

Melco Crown to participate in Dragon Boat races

Around 50 Melco Crown employees have joined forces to form two teams

Bank tellers with two-digit salary growth

Wage increases outpace the inflation rate

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