• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 9 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

SJM staff to get up to 10% pay rise for 2012

Newsdesk by Newsdesk
Mon 16 Jan 2012 at 06:21
1
SHARES
25
VIEWS
Print Friendly, PDF & Email

Sociedade de Jogos de Macau, the casino operating company founded by Stanley Ho, says all its Macau employees will get a pay rise of between 5% and 10% in the new year. The company didn’t say what the wage increase means in cash terms. SJM’s net profit in 2010 was US$456.6 million, according to a filing with the Hong Kong Stock Exchange.

The precise number of people entitled to receive the payments is also unclear. Twenty casinos in Macau operate under an SJM gaming licence but only four—The Lisboa, Grand Lisboa, Jai Alai and Oceanus—are directly managed by the company with 100% SJM staff. The remainder are run by third parties but with varying degrees of involvement by SJM management and staff. The total number employed in SJM-licensed casinos in Macau is thought to be around 13,000 people.

SJM also announced today that employees will receive a bonus for 2011. Those on the lowest pay scales—MOP10,000 (US$1,247) per month or below—will be entitled to receive 150% of their normal monthly salary, added the company. Next year’s salary increases will also be weighted so that those on the lowest levels will receive the biggest percentage increase within the 5% to 10% increase on offer.

The company’s announcement follows signs of labour unrest at SJM in recent months, with unions publicly calling on the SJM management to improve pay. Traditionally SJM has been known for offering lower basic salaries than the other Macau operators, but generally better perks and working conditions. Dr Ho has in the past personally awarded five- or even six-figure sums to long-standing employees in lieu of pension when they retire. But in the increasingly corporatised Macau labour market, and with SJM now part publicly held with outside shareholders to answer to, such paternalistic practices appear to be on the wane. In addition, a rising cost of living alongside the rising standard of living means many younger employees may not have the patience to eat bread today on the promise of jam tomorrow.

In November Macau’s Chief Executive, Fernando Chui Sai On, urged employers to raise employee wages to allow them to catch up with Macau’s economic development. Elements of Dr Ho’s paternalism persist however at the heart of Macau’s social policy. Mr Chui also announced during his annual policy address last month, that permanent and non-permanent residents will receive a cash handout of MOP11,200 next year. When other extended benefits for the elderly and other special interest groups are included, it will take the government’s spending on welfare payments to MOP8.56 billlion (US$1.07 billion) during 2012, according to figures discussed in the territory’s Legislative Assembly. The population of Macau in the third quarter of 2011 was 560,100 according to data from the Statistics and Census Service, and 91,241 of these were non-resident workers—mostly without the right to any future residency. That suggests the government will subsidise every Macau inhabitant with residency rights—around 469,000 people, many of them non-taxpayers—to the tune of around MOP18,250 per head during 2012.

But Susana Chou, a former Macau lawmaker who was president of the Legislative Assembly from the time of Macau’s handover by Portugal in 1999, until she retired in 2009, suggests that government subsidy for the inhabitants is no substitute for coherent policy on social development. On her personal blog she stated last week: “[There are problems] Especially with the legal lag [law infrastructure], ever-expanding civil service, judicial and administrative mismanagement, poor performance issues, accountability issues, Macau’s economic structure, and the [threat to] Macau SMEs’ survival.”

RelatedPosts

Morgan Stanley: Macau’s peninsula IRs could claim some GGR share from closure of SJM’s satellites

Morgan Stanley: Macau’s peninsula IRs could claim some GGR share from closure of SJM’s satellites

Thu 12 Jun 2025 at 12:54
Macau’s new 50,000-capacity outdoor performance venue to operate on trial basis for one year

Macau’s new 50,000-capacity outdoor performance venue to operate on trial basis for one year

Thu 5 Dec 2024 at 17:24
Ponte 16 expecting government approvals for expansion “very soon”

Macau government agrees non-gaming expansion plan for Ponte 16

Thu 7 Nov 2024 at 04:24
Path to success

Path to success

Thu 29 Jun 2023 at 18:55
Load More
Tags: bonusSJM
ShareShare
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Ministry says foreign workers comprised majority of 2,000 laid-off RWS workers

JP Morgan highlights “strikingly large” gap between Singapore’s two IRs as Resorts World Sentosa falls to all-time low market share

by Ben Blaschke
Sat 9 Aug 2025 at 10:04

Investment bank JP Morgan on Friday whacked Singapore’s Resorts World Sentosa (RWS) for what he described as a “strikingly large” gap in market share and profit share in the three months to 30 June 2025. It also noted that the...

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

Licensed online operators respond to regulatory push by forming PlaySafe Alliance of the Philippines

by Newsdesk
Sat 9 Aug 2025 at 10:01

A group of 19 licensed online gaming operators in the Philippines have come together to form the PlaySafe Alliance of the Philippines – a unified industry association they say is committed to responsible gaming, regulatory compliance, consumer protection and combatting...

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

by Newsdesk
Fri 8 Aug 2025 at 12:56

IGT will showcase 10 new game families as well as a revamped jackpot strategy for the local ANZ market at the upcoming Australasian Gaming Expo (AGE) taking place at ICC Sydney from 12 to 14 August 2025. This will also...

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

by Ben Blaschke
Fri 8 Aug 2025 at 05:54

Wynn Macau Ltd is looking to spend up to US$750 million through the end of 2026 on a series of upgrade and expansion projects at its Macau resorts, including development of a new large-scale events center at Wynn Palace. The...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English