Galaxy Entertainment Group Ltd. recently announced that it will begin paying awards to their non-executives. This will come in the form of a summer award equivalent to the employee’s one month’s pay. This makes Galaxy the fourth major casino operators in Macau to offer such a bonus. These bonuses will go to a huge majority – almost 99 percent of the company’s staff that is on non-management positions.
The press release from Galaxy shows that the company will pay these bonuses before the end of August. They will be accessible to all those who joined the operator before June 3. The statement also underlines that Galaxy sees its team members as very valuable assets. They hope that this bonus will encourage them to keep providing excellent services and also reach for even greater success in the years to come.
The fact that Galaxy provided this bonus is not a big surprise. In January of this year, the operator announced that they agreed with three other Macau casinos that eligible employees should get a winter bonus. Back then, the operator said that the employees did a great job over the previous year. Then, even though the gaming revenue began to drastically drop, they still helped Galaxy have a good financial year.
Now, an identical system to the one used to award winter bonuses will dispense the summer ones as well. A few days earlier, China Sands Ltd. said it too is going to pay out summer bonuses. Wynn Macau and SJM Holdings did this during the previous week. Now, it looks like most of the employees of these operators will get their bonuses before September 1.
All of this is great news for the labor groups in Macau that are pushing the government to make the bonuses mandatory. However, the process of getting to that point is far from over. Right now, it is clear that the casino operators are paying out this bonus cycle even though the results do not warrant them truly.
None of that is the fault of the employees, but if the operators feel they will have to pay bonuses no matter what, this could also reflect poorly on the workers. For example, a casino might decide to lay off some of its workers. The purpose of this would be to make sure they are in a larger profit margin where they can pay out these bonuses in an easier way.
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