MGM Announces Discretionary Bonus
Jan 17, 2017
[Macau, January 17, 2017] In recognition of the Golden Lion Team’s dedication and commitment to striving for the best, MGM announced a discretionary bonus to eligible team members at non-managerial positions, which equals to one month’s salary, as a way to share the Company’s success with the team members.
The discretionary bonus is additional to a Special Bonus announced earlier in 2016, from which the second half of that Bonus will be paid to qualifying team members on July 5, 2017. The Special Bonus also equals to one month’s salary when combined with the first half which was paid in October 2016.
Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited, said, “I would like to thank each and every one of our team member for giving their best, and being passionate in creating great moments for our guests through quality service and products. 2017 is a special year for all of us at MGM as our Cotai property is about to open, and this will be a journey filled with excitement, memories, friendship and success for the MGM team. I look forward to delivering more unique experiences to our guests together with our team.”
MGM is an abbreviation for MGM China Holdings Limited (HKEx: 2282) and is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and is developing a second resort, MGM COTAI which is expected to more than double our presence in Macau.
MGM MACAU is a Forbes Five-Star luxury integrated resort inspired by the arts with every element of the resort infused with creativity and style. MGM MACAU has approximately 600 guest rooms and suites and boasts a number of distinguishing features, including the architecturally stunning European-inspired Grande Praça, housed under a soaring glass ceiling. MGM MACAU’s world class facilities include the MGM Art Space, dedicating over 5,000 square feet to display authentic works of art, conference and event facilities, spa, and seven signature restaurants and bars to fulfill any gastronomic craving. Our property is conveniently located on prime waterfront on the Macau Peninsula and is directly connected to the luxury retail shopping complex, One Central.
Expected to open in second quarter of 2017, MGM COTAI is the latest addition to the MGM portfolio in China. Designed as the “jewelry box” of Cotai, it plans to offer approximately 1,400 hotel rooms and suites, meeting space, high end spa, retail offerings and food and beverage outlets as well as the first international Mansion at MGM for the ultimate luxury experience. MGM COTAI will offer Asia’s first dynamic theater and a spectacle to wow every guest who steps foot in the resort. MGM COTAI is being developed to drive greater product diversification and bring more advanced and innovative forms of entertainment to Macau as it grows as a global tourist destination. MGM COTAI is the largest property and the first private sector project ever to achieve the China Green Building (Macau) Design Label Certification.
MGM China Holdings Limited is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
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