MGM Partners with Macao Chamber of Commerce to Organize SME Business Matching Session
Creating More Business Opportunities for Local SMEs
The MGM SME Business Matching Session co-hosted by MGM and the Macao Chamber of Commerce (MCC) was held yesterday at MGM COTAI. With the support of the Macao Economic Bureau (DSE), Macao Trade and Investment Promotion Institute (IPIM), and the Macau Productivity and Technology Transfer Centre (CPTTM), the event focused on cultivating three key local SME segments: “Micro SMEs”, “Made in Macau” and “Young Entrepreneurs”, to create more business opportunities for local SMEs and to facilitate their business growth.
The business matching session received an overwhelming response as it attracted over 110 SMEs. Each SME was arranged for a meeting with an MGM representative from the user department to ensure a productive business matching opportunity. Some participants were also invited to MGM’s back-of-house area in deepening their understanding of the supply chain operations of an integrated resort. The tour included Receiving Dock, Garde Manger, Butchery, Hot Kitchen, Pastry and Bakery Kitchen, and the Employee Dining Room. In addition, four leading Macau banks: Bank of China Macau Branch, Industrial and Commercial Bank of China (Macau), Banco Nacional Ultramarino, and China Construction Bank Macau Branch, participated in the event to provide financial services to SME vendors on-site.
As the first integrated resort operator in Macau establishing the SME committee, MGM has a strong focus on building a platform for the development of local SMEs and enhancing business relationships for future opportunities. Testament to its approach, over 90% of MGM’s procurement is with local Macau businesses. Recently, MGM welcomed members of the Macau Union Suppliers Association to MGM COTAI to discuss on how to strengthen their cooperation in developing a sustainable supply chain, as part of its engagement efforts with local SME community that will increase competitiveness of Macau.
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 MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles 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 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 offers 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 also offers Asia’s first dynamic theater and a spectacle to wow every guest who steps foot in the resort. MGM COTAI is 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 mega-size complex project in Macau to achieve the China Green Building Design Label Three-Star 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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