Thursday, May 26, 2022

Galaxy brings forward staff pay rise from July to April


Galaxy Entertainment has followed MGM China and Las Vegas Sands in announcing pay increases for employees this year.

Eligible team members who joined on or before April 1 will receive a performance-based salary increase ranging from 2.5 percent to 5.5 percent. In addition, Galaxy announced the “Special Reward Program” in 2014 under which eligible full-time team members at senior manager grade and below were awarded with company shares equivalent to three months of their salary as of August 2014.

The pay increases were brought forward from July to April.

Meanwhile, MGM China Holdings last week announced a salary increment for its non-management team members effective March 20, 2017 as a cost of living adjustment.

In view of the rising costs in Macau, non-management team members whose monthly salary is on or less than MOP16,000 ($2,000) will be granted an adjustment of MOP500 per month, which represents an increase of between 3 percent -7 percent, the company said. For team members earning above MOP16,000 per month, they will receive an increment of 2.5 percent..

“As we grow our footprint with the opening of MGM COTAI, we will have a team of over 11,000 employees with us at MGM, and we will continue to invest in nurturing local talents and guide them in building successful career paths as we always have,” said Grant Bowie, CEO and executive director of MGM China.

Sands China Ltd said in January it would increase salaries of all eligible full-time employees by an average of 2 percent to 6 percent, effective March 1.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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