Macau casino operator Galaxy Entertainment Group (SEHK: 00027) reportedly announced that it will pay a discretionary bonus equivalent to a month’s salary to employees below the senior manager level ahead of the Chinese New Year holiday.
It has been reported that employees who join Hong Kong-listed companies will receive bonuses proportionally based on the total number of working days.
“[Galaxy Macau] hopes to strengthen cooperation to deliver ‘Heart of Asia’ services and products, improve operational efficiency, and lead Galaxy Entertainment more successfully in the coming years,” Galaxy Entertainment reportedly stated.
The company’s statement also reportedly cited a commitment to “increase communication” with employees to improve their well-being.
“The 2018 salary review will be delivered separately soon,” Galaxy Entertainment officials said after receiving opinions on whether they plan to give additional pay increases to employees this year
The bonus payment announced by Galaxy Entertainment is known to be in addition to the company’s special “annual discretionary bonus” announced in September. The company said at the time of the announcement in September that the first part of the special bonus was to be received by qualified employees along with their salaries in September 2017, while the rest will be paid this month ahead of Chinese New Year.
Galaxy Entertainment is the fifth among six casino operators in the borough to announce employee bonus payments.
Macao market rivals SJM Holdings, Win Macau, Sands China and MGM China Holdings have all publicly announced plans to pay bonuses to their employees.
Angela Leung-on-K, executive director of SJM Holdings, told reporters that its employees had already been paid bonuses, which the company called “living subsidies.”
Meanwhile, Win Macau said in a press release on Thursday that all eligible employees except senior management would receive a pay rise, which is reportedly close to 98% of its total workforce of 13,100.
Last month, the Macau-based company announced that it plans to pay eligible part-time employees a “winter bonus,” which is up to a month’s worth of total income.