MGM Promotes the Entry of SMEs in Portuguese-speaking Countries into Macau Market
Apr 16, 2019
MGM signed a letter of intent today with representatives of both Ceará Industrial Centre of Brazil and Vang Kei Hong Trading Co., Ltd. on the purchasing of certified food and agricultural products, in the business matching session of the “Work Hand-in-hand to Explore Greater Bay Area Opportunities 2019” event organized by the Industry and Commerce Association of Macau. The agreement aims to facilitate the access of Macau and the Greater Bay Area market for Brazilian SMEs, leveraging the city’s unique positioning as a service platform for trade cooperation between China and Portuguese-speaking countries.
MGM always hopes to establish cooperation with Portuguese-speaking countries. In addition to MGM’s purchasing department, MGM SME vendors and members of Macao Young Entrepreneur Incubation Centre, representatives from the Brazilian Service of Support for Micro and Small Enterprises (SEBRAE) and Ceará Industrial Centre travelled all the way from Brazil to participate in today’s business matching session to promote Brazilian products and to initiate cooperation talks with enterprises from Macau and the Greater Bay Area (GBA). As a result, Mr. Hubert Wang, Senior Vice President of Finance & Chief Financial Officer of MGM; Mr. André de Freitas Siqueira, President of Ceará Industrial Centre; and Mr. Vincent Ip, Marketing Director of Vang Kei Hong Trading Co., Ltd., signed the letter of intent under the witness of Ms. Irene Lau, Acting President of Macao Trade and Investment Promotion Institute; Dr. Shuen Ka Hung, Director-General of Macau Productivity and Technology Transfer Center; Ms. Chan Hoi Si, Business and Commerce Support Division Head of Macao Economic Bureau; Mr. Yu Kin Chor, Vice Chairman of Macau Chamber of Commerce; Mr. Kevin Ho, President of The Industry and Commerce Association of Macau; and Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Ltd.
Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Ltd, says: “MGM always supports to strengthen Macau’s position as ‘One Centre, One Platform’. While we are constantly bringing innovative art and entertainment experience to contribute in making Macau a World Center of Tourism and Leisure, we also actively promote exchange between Portuguese-speaking countries, Macau and the GBA, allowing us to explore the opportunities brought by the GBA together, which is instrumental to our local SMEs. The signing of this agreement is a great example of MGM’s commitment to facilitating the development of local enterprises and bringing in products of Portuguese-speaking countries to Macau.”
Mr. Vincent Ip, Marketing Director of Vang Kei Hong Trading Co., Ltd., expressed his sincere gratitude to MGM for providing such a precious opportunity to expand cooperation with Portuguese-speaking countries. He said that SMEs and young entrepreneurs would benefit greatly from today’s business matching session. Mr. André de Freitas Siqueira, President of Ceará Industrial Centre, said that MGM provided a great opportunity for Brazil to tap into the markets of Macau and the Greater Bay Area.
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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