[February 23, 2016, Macau] MGM Resorts International (NYSE: MGM) has been named among FORTUNE's 2016 list of the World's Most Admired Companies, available online at www.FORTUNE.com.
The annual list is compiled on behalf of FORTUNE by the Korn Ferry Hay Group, a global management consulting firm that surveyed thousands of executives, directors, and securities analysts to determine the results.
"Our focus is delivering premium guest experiences through iconic resort environments, with employees who are passionate for excellence," said Jim Murren, Chairman & CEO of MGM Resorts International. "The recognition that we are a FORTUNE 'Most Admired Company' encourages us to endlessly strive for continuous innovation, and to be a leader in socially responsible behavior in all we do."
The Most Admired Companies list is a leading report card on corporate reputations. Korn Ferry Hay Group started with approximately 1,500 companies: the FORTUNE 1,000—the 1,000 largest U.S. companies ranked by revenue—and non-U.S. companies in FORTUNE's Global 500 database with revenues of $10 billion or more. Korn Ferry Hay Group then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 652 companies from 30 countries. To create the 54 industry lists, Korn Ferry Hay Group asked 4,000 executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed.
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 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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