MGM co-organized a seminar on "Post-COVID-19 Economic Recovery and Development in Macau" with Macau Development Strategy Research Centre for over 200 team members. Loi Hoi Ngan, Vice President of Macau Development Strategy Research Centre, was invited to give an insight of how the pandemic affects local and global economies. He also shared his views on the potential opportunities for local tourism industry and how MGM team members can contribute to tourism industry recovery.
The "Post-COVID-19 Economic Recovery and Development in Macau" seminar took place at MGM COTAI, and was attended by guests of honor including Chan Chi Fong, Vice President and Secretary General of Macau Development Strategy Research Centre; Lao Wa Chon, Director; Hubert Wang, President & Chief Operating Officer of MGM; and Wendy Yu, Executive Vice President of Human Resources.
Loi stated that COVID-19 pandemic continues to weaken the global economy, which led Macau into the third economic recession since its handover that posted severe challenges to the local tourism industry. While the world is suffering from economic recession, China’s economy is gradually recovering to the level before the pandemic, and Macau should grasp the opportunities in the process while taking citizens’ health and safety as its top priority. Macau can accelerate the transformation of its economy, reinforce trainings that encourage economic diversification, and lastly, increase urban resilience by enhancing city planning.
Loi also shared his thoughts, “This seminar allowed me to exchange ideas with industry experts through the platform of Macau Development Strategy Research Centre, and this also marked our first collaboration with integrated resort operator. COVID-19 is having a tremendous impact on tourism industry globally, which certainly concerns every walk of life. Amid this challenging time, I think large enterprises shall connect with non-governmental institutions and organizations and together learn more about the situation of our community, which eventually would help the city to overcome this hardship.”
Team member Lam Tai Hang from Food and Beverage, said, “We got to understand more about the impact of this pandemic on our tourism industry through data presented during the seminar, and that our nation’s economy is recovering well from the pandemic at the same time. We hope our industry will recover soon as the border reopens. Loi’s sharing also allowed us to reconsider ways to upgrade our services for better customer experiences and prepare well for the industry’s recovery.”
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 integrated resort of MGM in China. Designed as the “jewelry box” of Cotai, it offers approximately 1,400 hotel rooms and suites, Asia’s first dynamic theater, 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. The Spectacle at MGM COTAI becomes the record holder of the largest free-span gridshell glazed roof (self-supporting) on January 19, 2019, making it the first architectural and structural GUINNESS WORLD RECORDS™ title for Macau, China. 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 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.
For media enquiries, please contact:
Director of Public Relations
Tel: (853) 8806 3412
Public Relations Manager
Tel: (853) 8806 3421