MGM Concludes a Week of Macau SME Initiatives
Jun 30, 2017
[June 30, 2017, Macau] MGM and Macau Youth Entrepreneur Association (MYEA) co-organized the “Young Entrepreneur Forum 2017” today at MGM MACAU’s Grand Ballroom. The Forum welcomed more than 200 participants, including government officials, young entrepreneurs, representatives from local small and medium enterprises (SMEs), as well as the senior procurement executives from MGM’s parent company, MGM Resorts International.
The Forum aimed to offer local young entrepreneurs business insights through the inspiring stories of the road-to-success of three entrepreneurs from Hangzhou, Hong Kong and Macau. Keynote speakers were Mr. Zhu Heng, Co-Founder of Feelingtouch Inc. from Hangzhou, China; Mr. Eric Yeung, Executive Director of Skyzer VC Group from Hong Kong; and Mr. Roy Long, President of Royalex Group from Macau. Mr. Ho Ka Lon, President of MYEA, said at the event, “This initiative marks the second youth entrepreneurship-focus collaboration between MGM and MYEA. By working closely with the Government and the local community, we hope to provide more opportunities and exchange platforms for local entrepreneurs based in Macau or abroad.”
The U.S.-based MGM Resorts International’s senior procurement executives, including Ms. Stacey Taylor, Senior Vice President & Chief Procurement Officer of Global Procurement and Mr. Joseph Federici, Vice President of Retail, were invited to this Forum to gain an in-depth understanding of the business environments in those three cities. During their weeklong stay in Macau, MGM organized several business matching sessions for them to meet with local SMEs and look into opportunities for recruiting new vendors for MGM Resorts worldwide. They also visited the showrooms and retail stores of local SMEs, and arranged an industry luncheon with members of the MGM SME Committee, exchanging ideas on business strategies and the future development of SMEs in Macau.
Ms. Stacey Taylor said, “At the end of 2016, we made a pledge to purchase from Macau SMEs and take them to the global market via MGM. Ever since our first deal in the beginning of this year, we have been pursuing Macau vendors and are impressed with their innovative products. It is our goal to expand our procurement activities with Macau SMEs and are looking for relationships that offer both quality and value. After a series of meetings as well as today’s participation in this Forum, we have a better understanding of the Macau SME environment and we are confident that we will make more deals with local SMEs very soon.”
Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited, said, “The global MGM family allows us to help our local SME vendors to expand their horizons beyond Macau. It is a three-win cooperation, giving local SMEs access to MGM’s portfolio of best in class hospitality brands in the United States and beyond, while allowing MGM and our global counterparts to act locally and think globally. With our vision to Create a Better Tomorrow Today, we continue to encourage local SMEs and young entrepreneurs to explore more innovative business ideas and opportunities.”
MGM is an abbreviation for MGM China Holdings Limited (HKEx: 2282) and is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and is developing a second resort, MGM COTAI which is expected to more than double our presence in Macau.
MGM MACAU is a Forbes Five-Star luxury integrated resort inspired by the arts with every element of the resort infused with creativity and style. MGM MACAU has approximately 600 guest rooms and suites and boasts a number of distinguishing features, including the architecturally stunning European-inspired Grande Praça, housed under a soaring glass ceiling. MGM MACAU’s world class facilities include the MGM Art Space, dedicating over 5,000 square feet to display authentic works of art, conference and event facilities, spa, and seven signature restaurants and bars to fulfill any gastronomic craving. Our property is conveniently located on prime waterfront on the Macau Peninsula and is directly connected to the luxury retail shopping complex, One Central.
MGM COTAI is the latest addition to the MGM portfolio in China. Designed as the “jewelry box” of Cotai, it plans to offer approximately 1,400 hotel rooms and suites, meeting space, high end spa, retail offerings and food and beverage outlets as well as the first international Mansion at MGM for the ultimate luxury experience. MGM COTAI will offer Asia’s first dynamic theater and a spectacle to wow every guest who steps foot in the resort. MGM COTAI is being developed to drive greater product diversification and bring more advanced and innovative forms of entertainment to Macau as it grows as a global tourist destination. MGM COTAI is the largest property and the first private sector project ever to achieve the China Green Building (Macau) Design Label Certification.
MGM China Holdings Limited is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
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