Although MGM’s rating was downgraded, it still issued bonuses to thank employees

Although MGM has not escaped the strong impact of the new crown epidemic on the casino business, the international investment bank Credit Suisse also severely cut the company's investment rating. However, after Aobo, Melco Crown, and Wynn Macau, MGM has announced new measures: it will issue bonuses to its employees, and the bonus amount is equivalent to one month's salary.

The bonus mentioned by MGM this time will be issued in two installments, and it is expected that 90% of its employees will receive this bonus. The bonus this time is unique to qualified non-management employees.

Pansy Ho, Co-Chairman and CEO of MGM China Holdings Limited
Pansy Ho, Co-Chairman and CEO of MGM China Holdings Limited

Pansy Ho, Co-Chairman and CEO of MGM China Holdings Co., Ltd. said: [2020 is a year full of challenges. I sincerely thank the team members for their unity, dedication, and perseverance in their posts, so as to make the greatest contribution to the company. 2021 will bring a new start. MGM will continue to invest resources in team members, and with the courage to change and innovative thinking, work with Macau to achieve success in the coming year]

Previous Relate:[Due to operational problems-hotel employees of MGM Group were forced to take vacation.]

It is reported that MGM's prospects have been affected by the new crown pneumonia epidemic and huge disturbances. It is believed that the company's desire to return to its peak is already a huge problem. Recently, the international investment bank Credit Suisse also downgraded MGM’s rating to "underperform."

Best Betting Sites
Bovada
Bovada

50% Welcome Bonus Upto $250

BetOnline
BetOnline

50% Welcome Bonus Upto $1,000

Xbet
Xbet

100% Welcome Bonus Upto $500

BetUS
BetUS

125% Welcome Bonus Upto $3,125

MyBookie
MyBookie

50% Welcome Bonus Upto $1,000

Recent News
Exploring the methodology of betting platform odds and payout analysis
Exploring the methodology of betting platform odds and payout analysis

The analysis of odds and payouts is crucial in betting research. This paper will explore several effective methods, including data mining and statistical analysis,...

A Strategic Study of Using Bonuses and Promotions to Optimize the Gaming Experience
A Strategic Study of Using Bonuses and Promotions to Optimize the Gaming Experience

In the gaming industry, optimization strategies for bonuses and promotions are crucial for enhancing user experience. This study examines how to rationalize the design of bonus mechanisms and ...

Research and Discussion on Profit Taking Strategies during Betting Market Downturns
Research and Discussion on Profit Taking Strategies during Betting Market Downturns

Investors face numerous challenges when the betting market experiences downturns. This article will look at effective profit-making strategies, including risk control, market analysis and portfolio...

A Comparative Study of the Advantages and Disadvantages of Online and Live Betting
A Comparative Study of the Advantages and Disadvantages of Online and Live Betting

Online gaming and live gaming each have their own advantages and disadvantages. Online betting offers convenience and anonymity, but lacks live interaction and atmosphere, while live betting enhances social...