Macau casino operators set to raise salaries
Good news for casino employees in Macau as their bosses will raise employee wages by at least 5%. Local media report that casino operators expect a workforce shortage this year. SJM Holdings employees will see their salaries go up by 5%, while other casino operators will follow suit, according to news sources.
Le Kuck Keong, speaking on behalf of Forefront of Macau Gaming (FMG), is pleased with the upcoming wage increases. “We are delighted that SJM Holdings has decided to raise salaries amid declining casino incomes. Five other gambling operators in Macau are expected to increase employee wages as well”, Keong noted.
Improved working conditions
SJM Holdings will also offer contracts to interns, while working conditions will also improve. In 2014, casino employees hit the streets to demand higher wages and better working conditions. The protests seem to be effective as six casino companies in Macau are expected to increase salaries. Market watchers expect that Macau-based gambling parlors will face a workforce shortage between now and 2018.
20% pay raise
Galaxy Macau has announced an average pay increase of 20%, which is good news for 16,000 employees. At the same time, Galaxy will see its profit margin drop by 1 to 1.5%. The other casino operators that will increase employee salaries are: Sands Macau, City of Dreams (Melco), Wynn Macau, and MGM China Holdings.