Unique Management and Short Tenure Bonuses
Sands China management team members will receive a discretionary bonus determined by their individual performance throughout the year. It will also be based on the casino operator’s Management Incentive Plan and financial results. This incentive applies to staff who have worked for the company for at least a year.
Employees who have been around for less than one year will also receive prorated bonuses, but only if they joined Sands China before October 1st, 2024 and are still employed on the scheduled payout date.
Sands China CEO and Executive Director Grant Chum voiced his appreciation for employees’ contribution to the company’s achievements in 2024, saying, “As we look back at another successful year for Sands China, we can all be proud of what we have achieved together as a team.”
Salary Increment Details
Sands China is the first casino operator to announce salary increases alongside end-of-year bonuses. The announcement also marks the second wage bump since the COVID-19 outbreak.
Eligible full-time Sands China employees earning up to MOP 16,000 monthly will receive a MOP 600 wage increase, reflecting a 3.8% to 5% raise. Salaries above MOP 16,000 will get a 2.5% increase.
Significant Wins in the Bag
Sands China is one of several Macau-based casino operators that awarded their staff year-end bonuses, including SJM, MGM, Wynn, and Galaxy. However, its provision of salary increases makes it stand out from the lot.
Chum also highlighted Sand China’s incredible performance in the broader business landscape: “Some highlights for the year include the successful launch of The Londoner Grand: upgrades to the Venetian Arena; various cultural and tourism projects in the revitalization districts, including the entrepreneurship recruitment program for Rua Das Estalagens; hosting numerous large-scale MICE functions, entertainment performances, international sports events, and cultural and artistic activities.”