MGM China, MGM Resorts and Ms. Pansy Ho Team up to Contribute MOP 30Million to Rebuild the Macau Community
Aug 26, 2017
[Macau, August 26, 2017] Today, a collaborative pledge of MOP 30million has been allocated to rebuild Macau following Typhoon Hato by MGM China Holdings Limited, MGM Resorts International, and Ms. Pansy Ho.
The distribution of this pledge will be decided in the coming days and months with guidance from the Macau government based on where the greatest need is. The staff of MGM MACAU and their families’ needs will be considered and included in the allocation of funds.
“The staff of MGM MACAU has been exceptional, contributing their time and efforts in the face of this challenge. We stand ready to utilize our resources in any manner we can for a swift and sustainable recovery of our local community,” said Ms. Pansy Ho, Co-chairperson & Executive Director of MGM China Holdings Limited.
Mr. Jim Murren, Chairman and CEO of MGM Resorts International and Chairperson and Executive Director of MGM China Holdings Limited, said, “My condolences to the people of Macau on behalf of the entire MGM family. Our company has experienced and overcome similar challenges in the past and I pledge the resources of the entire MGM family to work for a complete recovery. From our experience this will take time, but MGM will be there all the way with the government and people of Macau.”
The pledge of MOP$30m is composed of commitments from MGM China Holdings Limited, MGM Resorts International and Ms. Pansy Ho.
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.
Expected to open in Q4 of 2017, 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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