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Ho Shares Profits with Employees

MACAU – As reported by the Xinhua: "Macau's casino czar Stanley Ho has pledged to pass 5 percent of his 2005 net profit worth 4 billion patacas (US$500 million) to the employees, local media reported Monday.

"…Ho also announced on Friday a pay rise of 30 percent for his casino staff, according to the newspaper.

"Local analysts viewed Ho's action as a response to the competition imposed in the local labor market by Galaxy and Venetian, the other two casino operators in Macao…"

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