Melco announces CNY bonus, pay rise for employees

Melco Resorts & Entertainment has announced that a one-month discretionary bonus has been paid to all eligible non-management employees in advance of the Lunar New Year, and effective April 1, 2018, all eligible non-management employees will receive a salary increase ranging from 2.5 percent to 8.1 percent in recognition for their hard work and contribution to the company.

Effective April 1, 2018, all eligible full-time, non-management employees earning a monthly salary of up to MOP 16,000 (US$1,986) will receive a salary increase of MOP 600 per month, representing an increase of 3.8 to 8.1 percent. All eligible full-time, non-management employees earning a monthly salary in excess of MOP 16,000 shall receive an increment of 2.5 percent, said the company.  

Another discretionary award offered by Melco to its employees is the best-in-class “Melco Employee Loyalty Program” introduced in 2014. 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”, a market-leading 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”.

Mr. Lawrence Ho, chairman and chief executive officer, Melco Resorts & Entertainment, said, “Melco’s employees are our strongest asset, 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.”