Melco announces Macau employee benefits program

(MLCO:NASDAQ GS), announced on Friday that a rewards program inspection for its organization ’s non-management workers in Macau was finished and as such it will establish a new pension fund and also an employee incentive program.

According to the Organization ’s official media launch (pdf)…

The review has been continuing since the start of the year and contained gathering feedback from the company’s workers via regular focus groups and respective direct channels, that have been working since their May 2014 implementation.

Worker donation match:

The developer, operator and owner of casino gaming and amusement casino hotel facilities in Asia, has held 144 communication sessions since January this year . The communication sessions are in addition to semiannual global surveys that have been taken by table games workers since May 2012. The Hong Kong-headquartered company has also been connected with appropriate Macau SAR government departments.

The organization ’s new pension fund program will match employee contributions up to 5% of base salary and, if appropriate, any guaranteed tips. Eligible Macau non-management team will also obtain a one-time “special present ” of a month’s salary upon completion of the “process related to their involvement from the new pension fund, subject to additional applicable terms and conditions. ”

“this is going to be implemented in the forthcoming months and payment of the one-time particular gift to eligible employees, if applicable, will be made on or about the end of October 2018,” according to the press release.

Benefits package additions:

Other employee benefits were also announced as part of the review, including but not limited to:

• Enhanced employee reductions
• A new sick-leave policy to be trialed for one year
• Perfect presence recognition
• Service award recognition programs honoring workers with 10-plus years of support

“We are extremely happy to announce this benefits program for our Macau non-management workers. This review was open and directly communicated to our employees by our senior management. We’re extremely proud of all of our coworkers ’ hard work and commitment, without whom our achievements and achievement would not be possible. We’re also quite grateful for our teams’ boundless attempts. Looking to the future, we’ll continue our staff work to ensure that Melco is among the best places to operate in Macau and around the world. ”

Seeking to tap into the exploding eSports market, in July this year Melco announced it had partnered with Kowloon E-Stadium Ltd and ALL-IN E-Sports Ltd for the opening of its original eSports place , Macau Estadium, located at the company’s Studio City integrated hotel.

This on the heels of the company partnering with Singapore-based consumer Internet platform Garena at April for its eSports 2018 League of Legends Master Series (LMS) Spring Final, that happened at Studio City before a live crowd of more than 2,000 people.