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MGM SUES HIGH-ROLLER MGM Grand Paradise, a subsidiary of MGM China Holdings Ltd., is suing VIP junket agent and North Korean tour operator Wong Sing-wa, according to a report from the South China Morning Post. The Hong Kong newspaper reported that Mr Wong failed to repay part of a HK$10 million (US$1.29 million) debt. Mr Wong allegedly drew down HK$10 million on a credit line and eventually lost it while gambling in September 2008. The court case has been led in Hong Kong. Mr Wong has reportedly been involved in the operations of Sociedade de Turismo e Diversões de Macau’s Pyongyang casino.
APPT ADDS SEOUL TO SCHEDULE The
PokerStars.net Asia Paci c Poker Tour (APPT) announced the addition of Seoul, Korea to its Season 5 schedule from March 7 to 11. The Seoul leg will be hosted by the Paradise Walkerhill Casino. The ve-day, ve-event poker festival will feature a 3 million won (MOP$20,000) buy-in main event. This marks the return of the tour to Korea after a four-year break.
WITH NEWPAGE Gaming consultant company Newpage Consultadoria Ltda will continue to provide consultancy services to the government in 2012. A contract is expected to be signed soon, according to the of cial gazette. The amount to be paid to Newpage was not made public. Newpage Consultadoria Ltda was formed in June 2010 and is headed by David Green. The company was rst awarded a contract for gaming consultancy services in August 2010 and a new deal valid for 2011 was signed in February 2011. Mr Green has provided consultancy services to the Macau government in the gaming area since 2000, rst as a representative of accounting rm Arthur Andersen and then as PriceWaterhouseCoopers’ Macau director of gaming practice. Mr Green is also a regular contributor of Macau Business.
GOVT INKS NEW CONTRACT
SJM ANNOUNCES SALARY INCREASE Gaming operator also to pay bonus and improve welfare system
After several workers’ protests, SJM Holdings Ltd. has announced a pay rise for 2012 of 5 to 10 percent. The percentage of the increase is based on salaries, with employees with lower wages getting higher raises. All SJM workers are entitled to the salary increase. All employees will also receive a bonus for the year of 2011. Those
with a monthly salary of MOP10,000 or below will receive 150 percent of a month’s salary. Other employees will receive a bonus of one month salary which will not be less than MOP15,000. Other welfare optimization measures
and a new rewards system will also be implemented starting this month. These include an increase in annual leave entitlement, meal allowance and
rewarding employees that don’t take any sick leave. “With the implementation of
the salary increase, bonus payout, welfare optimization and new rewarding system, we express our gratitude towards our employees and enhance the team spirit and loyalty,” said Louis Ng, SJM’s director and chief operating of cer.
JANUARY 2012
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