Macau gaming operator Melco has announced a one-month discretionary bonus for eligible non-management employees, set to be paid out before the Chinese New Year holidays.
The move dovetails that of other local operators, as they enter the new period of their 10-year gaming concessions, one pledge of which was to guarantee local employment.
Speaking about the hand-out, equivalent to one-month’s salary, Melco’s Chairman and CEO, Lawrence Ho, noted that “The bonus payout is in recognition of the loyalty and efforts of our eligible non-management Colleagues, whose continued efforts and dedication have been integral to Melco’s recent reward of the gaming concession from the Macau SAR government. We look forward to a brighter and more dynamic future for Macau where our Colleagues will continue to deliver the most memorable experiences to guests”.
Melco was among the six incumbent operators to sign a new 10-year gaming contract, which came into effect on January 1st, pledging to invest MOP11.82 billion ($1.47 billion) over the period, of which MOP10 billion ($1.24 billion) would go to non-gaming.
It has also been authorized to continue its slot club operations, under the Mocha branding, at six venues.