Macau’s casino operators are betting on a slow recovery from COVID-19

August 18, 2021 Earnings & Filings

In April, Galaxy Entertainment offered casino floor staff a one-time payment of $47,500—about a year’s salary—if they volunteered to quit. In May, Melco Resorts incentivized staff to take voluntary redundancy by offering 12 months’ pay and, in June, junket operator Suncity Group approved voluntary redundancy packages equal to 15 months’ pay.