Lawrence Ho
Melco Crown Entertainment Limited has announced a five percent pay increase for all eligible non-management employees, effective from the first pay period in April 2015. In a press release yesterday, the gaming operator stated that it regularly reviews its remuneration packages to ensure competitiveness within the market.
According to Lawrence Ho, co-chairman and chief executive officer of Melco Crown Entertainment, “the market in Macau has encountered challenging conditions and is experiencing an unprecedented downturn.”
“Despite the difficult and uncertain circumstances we face, we have made a decision to provide a five percent increase in the basic salary for all of our non-management colleagues in Macau. Our people have shown, and continue to show, dedication and commitment to our company, and we thank them for their loyal service,” he added.
No Comments