All the Big 6 have hiked pay rates
Falling in line with its rival Macau casino operators, Galaxy Entertainment Group has announced it will offer salary increases of 2.5 percent to 8 percent for all staff of senior manager grade and below.
CDC Gaming Reports cited an announcement that said team members with a monthly salary of MOP$24,000 (US$2,980) or below will see an increase of MOP$600 (US$75) while those team members with a monthly salary above MOP$24,000 will see a salary increase of 2.5 percent.
Galaxy also said that eligible team members who joined the company from January 2 to April 1 will get raises after they complete probation and 90 days of service. All in all, more than 70 percent of team members will enjoy a salary increase higher than 2.5 percent, Galaxy stated.
The company now also offers five days of paid paternity leave. Fathers-to-be who have worked for the company for one year or longer will be eligible for the benefit, which must be taken within 30 days of the birth of a child. All eligible staff members will be entitled to paid paternity leave effective April 1.
Operators including Sands China Ltd., Wynn Macau, SJM Holdings Ltd. and MGM Resorts have already rolled out salary bumps for their employees; the latter did so after workers protested at the company’s new MGM Cotai resort. In January, Melco Crown Resorts & Entertainment gave employees a one-month bonus.
Meanwhile, Galaxy Chairman Lui Che Woo says strong cash flow will drive the development of Galaxy Macau Phases III and IV and the company’s expansion into Hengqin, Japan and the Philippines, reported the Macau News Agency.
“Our balance sheet remains one of the strongest in global gaming with cash and liquid investments of US$41.4 billion and net cash of US$31.7 billion,” Lui said in a press conference about Galaxy’s annual results for 2017. “Our stable cash flows combined with a strong balance sheet provides us with great flexibility in funding our development pipeline and international expansion opportunities.”
Phase III of Galaxy Macau is expected to be complete in 2019.
