Melco Resorts & Entertainment LTD
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 21, 2025
Contents
D. EMPLOYEES
Employees
We had 21,784, 20,209 and 16,908 employees as of December 31, 2024, 2023 and 2022, respectively. The following table sets forth the number of employees categorized by the areas of operations and as a percentage of our workforce as of December 31, 2024, 2023 and 2022. Staff remuneration packages are determined taking into account market conditions and the performance of the individuals, and are subject to review from time to time.
| As of December 31, | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||
| NumberofEmployees | Percentageof Total | NumberofEmployees | Percentageof Total | NumberofEmployees | Percentageof Total | |
| Mocha Clubs(1) | 548 | 2.5% | 577 | 2.9% | 550 | 3.3% |
| Altira Macau | 968 | 4.4% | 959 | 4.7% | 1,052 | 6.2% |
| City of Dreams | 8,241 | 37.8% | 7,411 | 36.7% | 6,529 | 38.6% |
| Corporate and centralized services(2) | 569 | 2.6% | 540 | 2.7% | 520 | 3.1% |
| Studio City | 5,848 | 26.8% | 5,286 | 26.2% | 3,571 | 21.1% |
| City of Dreams Manila | 3,947 | 18.1% | 3,699 | 18.3% | 3,713 | 22.0% |
| City of Dreams Mediterranean and the Cyprus Casinos | 1,650 | 7.6% | 1,737 | 8.6% | 973 | 5.8% |
| Sri Lanka | 13 | 0.1% | — | — | — | — |
| Total | 21,784 | 100.0% | 20,209 | 100.0% | 16,908 | 100.0% |
| (1) | For the purposes of this table, figures include employees at Grand Dragon Casino described under “Item 4. Information on the Company — B. Business Overview — Our Land and Premises — Mocha Clubs.” |
| (2) | For the purposes of this table, figures as of December 31, 2022 include employees at our ski resort in Nagano, Japan (disposed in late December 2022). |
Other than therank-and-file employees of the (a) Table Games Division and (b) Gaming Technology Services Department of City of Dreams Manila, none of our employees are members of any other certified labor union; and except for the collective bargaining agreement with the Table Games Division of City of Dreams Manila, we are not a party to any other collective bargaining or similar agreement with our employees. See “Item 3. Key Information — D. Risk Factors — Risks Relating to Our Business and Operations — The success of our business depends on our ability to attract and retain an adequate number of qualified personnel. A limited labor supply, increased competition and any increase in demands from our employees could cause labor costs to increase.”
We have implemented a number of employee attraction and retention initiatives over recent years for the benefit of our employees and their families. These initiatives include, among others, a uniquein-house learning academy (which provides curriculum across multi-functional tracks such as technical training — gaming andnon-gaming, sales and marketing, legal, finance, human resources, computer application, language, service, leadership and lifestyle), a foundation acceleration program designed to enhance our employees’ understanding of business perspectives beyond their own jobs, an on-site high school diploma program and Diploma in Casino Management and Advanced Diploma in Gaming Management (a collaboration with The University of Macau), the Diploma in Hospitality Management (a collaboration with the Institute for Tourism Studies), scholarship awards to encourage the concept of life-long learning, as well as ample internal promotion and transfer opportunities. In September 2015, we launched the Melco You-niversity program with the Edinburgh Napier University, an overseas institution based in the United Kingdom, to bring a bachelor degree program in-house.
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