Galaxy to award discretionary bonus on Jan. 23

Galaxy Entertainment Group (GEG) announced that a 2019 discretionary bonus equivalent to one month’s salary will be awarded to eligible employees at the level of senior manager or below.
According to a statement issued by the gaming operator, the 2019 discretionary bonus will be made payable to eligible employees on January 23.
Eligible employees who joined Galaxy between January 2 and October 3, 2019 will receive the discretionary bonus on a pro-rata basis.
According to the statement, the bonus is “in recognition of team members’ hard work and contribution.”
“Expecting that the market will remain challenging and competitive in 2020, GEG looks forward to team members’ continued dedication […] and their full collaboration to support the Cotai Phases 3 and 4 projects,” the gaming operator said.
GEG’s third quarter group net revenue dropped to HKD12.7 billion, down 2% year-on-year and down 4% quarter-on-quarter.
In August 2019, Galaxy’s management said the first part of Galaxy Macau Phase 3 would probably open in late-2020, rather than mid-2020 as had been said previously. LV

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