Melco Resorts and Entertainment joins support for Macau’s retirement plan to mitigate the impact of a cutback in public welfare program.
It is reported that the system of optional central reserve funds was launched back in January last year – then the Macau authorities announced that participation in the implementation of this plan for casinos operating in the territory is voluntary, however, as practice has shown, these discussions were repeatedly raised in thematic government discussions.
Representatives of Melco Resorts and Entertainment intend to join this program in July of this year – employees registered in this company will have a choice – whether their current status will be maintained or there will be a transition to a state pension program.
Meanwhile, the company’s chief executive said he would be delighted to support the retirement program set up by the Macau government.