MGM Helps Local SMEs to Fight the Epidemic
Extending Rent-free Period and Helping to Maintain High Hygiene Standard
Feb 24, 2020
MGM is launching the “MGM SME Anti-Epidemic Support” program, which helped Food Mac to clean their warehouse, office and shop.
The challenges to local economy are still in place as the impact of coronavirus epidemic has yet to subside, and it has posed one of the most difficult times especially to the local small and medium enterprises (SMEs). As the epidemic has also raised concern over the hygiene of public areas, it is important for all businesses to maintain a high standard of hygiene in order to restore the confidence of customers and employees. To fulfil its corporate social responsibility, MGM is launching the “MGM SME Anti-Epidemic Support” program, a win-win initiative engaging a local SME cleaning company to carry out cleaning and sterilizing work for the city’s SMEs to create a clean environment for a fresh start, which will significantly help them get their business back on track. The Company targets to help clean the shops, offices, warehouses and even business vehicles of 120 local SMEs in the next two months. In addition, hand sanitizers and wipes will be distributed to them, which will come in handy for their staff’s good personal hygiene.
Earlier this month, MGM became the first integrated resort to answer the government’s call to waive retail rents, announcing a 15-day rent-free period for its retail tenants. Recently, MGM offered to extend the rent-free period for tenants in need to help them ride out the adversity. The Company will continue to support its SME tenants for as long as necessary, easing their rental and operational stress to ensure that their business will stand a good chance to recovery.
Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited said, “SMEs are the backbone of our economy. MGM has been particularly keeping a close eye on their operating situation, so that we can provide them with the most appropriate and sufficient support. As we can see, the economy will not pick up so soon, therefore we are ready to continue with our effort in launching initiatives to help them recover from the epidemic in the long run.”
Chloe Wong, Operation Manager of Food Mac, a frozen meat vendor that has maintained a solid business partnership with MGM since its opening in 2007, expressed her gratitude towards this program, “We are thrilled to hear that our long-term business partner MGM is offering such heartening service to us. Business hasn’t been easy recently, and like many SMEs in town, we are suffering from this epidemic situation and plagued by a long list of problems. It is generous of MGM to give a helping hand and clean 10,000 square feet of space encompassing our warehouse, office and shop. As part of the supply chain, I believe the entire chain will benefit from this program”
Jackie Lei, Managing Director of Long Cheong Hong, a local dry seafood vendor, said, “As a food supplier and retailer, it is really important to keep our business environment clean to gain customers’ trust, especially at a time of great anxiety. We have been working with MGM after attending their business matching session in 2018. Although we are not long into partnership, we are grateful to have a business partner that keeps us on their mind and provide thoughtful and timely support at this difficult time.”
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.
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