Melco to reward some non-executive staff with bonuses

Melco Resorts and Entertainment Ltd. is giving some of its employees a little new year’s bonus. It announced yesterday that it is going to be distributed some extra cash to all eligible non-management employees and that the money should be distributed ahead of the upcoming Chinese New Year. How much will be doled out and how many employees will receive the bonuses was not revealed.

The amount will be equal to one-month’s salary. The company’s chairman and CEO, Lawrence Ho, explained, “Today’s announcement is in recognition of the dedication, loyalty and hard work of our non-management team, who are highly valued and integral to Melco Resorts’ every achievement.”

Melco operates three casino properties in Macau – Studio City, City of Dreams and Altira Macau. It also operates a second City of Dreams, which is located in Manila in the Philippines.

In making the announcement, Melco becomes the first of Macau’s casino operators to issue bonuses to its non-management employees this year. It’s common for the operators to issue bonuses to their staff ahead of the Chinese New Year Period, with the holiday falling this year on February 5. On many occasions, the operators will also provide second bonuses toward the end of the summer.

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