Macau Casino Operators to give out bonuses and increase salaries

In sports betting news, Macau casino workers below the non-managerial level are in for a treat this year. They can look forward to receiving bonuses for their 2023 work and salary increases for 2024. This follows a successful 2023 operating year for the resorts. Macau’s Economy and Finance Secretary Lei Wai Nong recently encouraged casino operators to consider increasing employee pay. This comes on the heels of a resurgence in Macau’s gaming revenue following more than three years of dealing with COVID-19. Gross gaming revenue (GGR) last year totaled about $22.7 billion, a 334% jump on 2022. However, the industry still has a ways to go to reach its 2019 levels. To motivate its workforce and protect them from being poached by rival operators, Sands China Limited announced a significant salary increase for full-time employees earning up to MOP13,000 (US$1,618) a month. Understanding that the collective spirit and dedication of its team members have played a crucial role in the company’s success, Sands expressed gratitude towards its employees.

The casinos’ efforts come amid a major upheaval in the industry, as VIP junket groups have largely fled due to the successful prosecution of Alvin Chau, the billionaire face of the junket industry.

This bonus payout and base salary increase are a welcome step for workers and serve as evidence of the industry’s path to recovery. The employees can expect to receive their bonuses before the Chinese New Year on Feb. 10. Stay tuned for more updates on the latest bonus and salary increase announcements for other casino operators in Macau.

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