SJM statement quoted Ho Chiu Fung, chairman of the board of directors, as saying: “We would like to thank our staff members for diligent work and dedicated support amidst the challenges of the pandemic.”
Hong Kong-listed casino firm SJM Holdings Ltd says it will be paying its eligible employees what it termed “living subsidies” equivalent to “two months or 1.5 months” of salary.
The SJM press statement did not specify what categories of employees were eligible for the living subsidies. SJM Holdings’ current flagship property in the Macau market is the Grand Lisboa casino hotel . The firm is expected to launch its Cotai casino resort scheme, Grand Lisboa Palace, later this year.
Eligible employees of SJM earning a monthly salary of MOP20,000 (US$2,505) or below will be entitled to a bonus equivalent to two months of salary, according to an internal memo. Staff earning above MOP20,000 will be entitled to one-and-a-half months of salary, or MOP40,000, whichever is higher.
SJM “living subsidy” scheme was launched in 2014, in what the company described as a “guaranteed allowance” for its employees. In August 2014, SJM Holdings had pledged to retain its bonus scheme until at least the year 2020.
Sands China says it has negotiated a third waiver extension and amendment to the conditions…
Nagasaki says it is working on development of a workforce for its hoped-for casino resort.…
Pagcor says it now has two separate teams of officials in order to oversee respectively…
Macau said they would require more time to assess the situation regarding Covid-19 infections recorded…
After Metropolitan Assembly election, the odds of Tokyo entering the commercial gaming race only lengthened.
Casino says Macau government has asked for Hong Kong travel bubble people to be segregated.