Win Macao Announces Higher Workers'
Macau casino operator WinMacao (1128:HK) said Thursday that all employees except senior management will receive a pay rise, which will result in nearly 98% of its 13,100 employees.
The operator said eligible employees with a maximum monthly salary of MOP16,000 (US$1,974) could receive a pay increase of 3.8% to 7.2%. Employees earning more than MOP16,000 a month will receive an average 2.5% increase, Win Macau Inc added.
Currently, the Hong Kong-listed operator and subsidiary of Las Vegas-based Wynn Resorts Limited is responsible for Wynn Macao, located in the city centre, along with Wynn Palace, located in Cotai Strip.
The Macau-based company announced that it plans to pay all eligible part-time employees a "winter bonus" equal to up to a month's worth of total income. The company's press release on Thursday reported that the aforementioned annual bonuses were paid to employees "before the Chinese New Year holiday."
Following allegations of sexual misconduct and the resignation of the troubled company's CEO Steve Wynn from Game Group, the company announced several changes to its management Wednesday, including Matt Maddox replacing the 76-year-old CEO position. Wynn Resorts, 42, joined Wynn Resorts in 2002, has been working in Macau since November 2013 and is one of the longest serving executives at Wynn Resorts Inc.
Win Macau's public announcement regarding the pay rise comes on the heels of Macau market rival Sands China late last month notifying "qualified" workers of an average pay rise of 2.5% to 5%, in addition to discretionary bonuses.
Employees of Macau casino operator MGM China Holdings Limited reportedly protested for two days in protest of the company's refusal to pay bonuses equivalent to two months' salary to non-management employees.