[Macau – October 7, 2015] MGM China is dedicated to supporting local Small and Medium Sized Enterprises (SMEs) and cultivating sustainable partnerships with the community. At today’s “Local SME Procurement Collaboration Press Conference” co-hosted with Macao Chamber of Commerce (MCC) and supported by the Macao Trade and Investment Promotion Institute (IPIM), the Company announced two major SME initiatives: The first ‘MGM SME Business Matching Session’ to be held on November 30 at MGM MACAU and plans to establish an MGM SME Committee.
MGM China has consistently invested in the development of local SMEs since its opening 2007, nurturing and working with local emerging businesses to uphold its vision of “Creating a Better Macau Today.” In fact, in 2014 over 80% of MGM China’s purchases went to local Macau businesses. In an effort to expand this initiative as MGM’s procurement needs are increasing ahead of the MGM COTAI opening in 2016, the company has collaborated with MCC to focus on key local SME segments: Micro SMEs with 15 or less employees in Macau, Young Entrepreneurs under the age of 45, and those that are Made in Macau.
Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited said: “Local SMEs are important to the Macau economy and MGM China has been developing business relationships with Macau SMEs since 2007. To achieve further success it is crucial for us to all work together and with the support of the Macau government and the Macao Chamber of Commerce, MGM is focused on expanding its SME program. Macau’s success will be made by the people of Macau.”
On October 7th, a press conference was held at the Macao Chamber of Commerce Building. Representatives attending the conference include Mr. Kou Hoi In, President of Board of Directors; Mr. Chui Yuk Lam and Mr. U Kin Cho, both Vice-President of Board of Directors from MCC; Mr. Agostinho Vong, Senior Manager of Investor Service Department of IPIM; Mr. Grant Bowie, Chief Executive Officer and Executive Director; Mr. Hubert Wang, Chief Financial Officer; Mr. Gary Chung, Vice President of Supply Chain Services; Mr. Simon Leong, Director of Purchasing from MGM China.
The Company announced that it will host the first “MGM SME Business Matching Session” on November 30 at MGM MACAU. At this event the Company will provide business owners with at least 10 minutes per matching session to allow them to introduce their products and services. The company also indicated that at this event it will provide a list of items it will make available for purchasing from local companies. As this is a long term initiative for the Company, going forward MGM China will host quarterly industry-specific matching events to develop sector specific relationships and focus on near-term opportunities. MGM China also announced plans to establish an MGM SME Committee composed of prominent local
business leaders and MGM China executives to collaborate on initiatives aimed at improving and broadening MGM’s relationships with local SMEs leading to increased sourcing and purchases.
Macao Chamber of Commerce President Mr. Kou Hoi In said: ”MGM China has been socially responsible thanks to their diversified business and they have added Micro SMEs, Made in Macau and Young Entrepreneurs into their SME program, which extends the opportunities offered to local small and micro enterprises. This is beneficial to Macau’s economic diversification and nurtures local micro enterprises and young people who are willing to create business. ”
About MGM China
MGM China (HKEx: 2282) 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 the world’s largest gaming market, Macau.
MGM MACAU is a 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 an Art Space dedicating over 8,000 square feet to display authentic works of art, conference and event facilities, an award-winning spa, and nine 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 designed as the “jewelry box” of Cotai, plans to offer approximately 1,500 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 our 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. The US$3 billion project is expected to open in the fourth quarter of 2016.
MGM China 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 more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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