MGM MIRAGE Presents Its Annual Diversity Report in Biloxi, Mississippi
08 Junho 2007 - 9:28PM
PR Newswire (US)
Company announces a total of $200,000 to be distributed to four
local organizations BILOXI, Miss., June 8 /PRNewswire-FirstCall/ --
MGM MIRAGE executives today presented the company's Annual
Diversity Report at its Beau Rivage Resort and Casino in Biloxi.
For the last six years, the company has annually reported its
diversity performance at its headquarters in Las Vegas, Nevada, to
demonstrate transparency and accountability in the key areas of
construction, human resources, procurement and philanthropy. This
marks the first time the report has been presented in Mississippi.
(Photo: NewsCom:
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-a
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-b
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http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-d
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-e) "A hallmark
of diversity is the opportunity it creates for success that
transforms the lives of our employees, our suppliers, our business
partners, and our communities," said MGM MIRAGE Chairman and CEO
Terry Lanni. "Our success in inclusion of minority-owned,
women-owned and disadvantaged business enterprises (MWDBEs) in the
rebuilding of Beau Rivage is a powerful example of our Diversity
Initiative at work." As part of its ongoing commitment to the
Biloxi community, the employee-funded MGM MIRAGE Voice Foundation
presented $100,000 to four Mississippi non-profit organizations to
close out its Katrina Recovery Fund, which raised $4.1 million
dollars for those affected by Hurricane Katrina. City Team
Ministries; Rebuild Jackson County; Mississippi Protection &
Advocacy System, Katrina Aid Today; and Hands on USA each received
$25,000. At the end of the presentation, Lanni committed an
additional $100,000 on behalf of MGM MIRAGE to be distributed to
the same organizations. "MGM MIRAGE is not only committed to Beau
Rivage and our employees, it is also committed to our community and
its well being," said George Corchis, President and Chief Operating
Officer of MGM MIRAGE's Mississippi resorts. "We remain committed
to uplifting lives through the engagement of our employees in
volunteer activities and our contributions to deserving
organizations across the Gulf Coast." Immediately following the
presentation, prospective vendors and suppliers were invited to the
Diversity Business Expo which included booths staffed by company
executives from MGM MIRAGE's Mississippi-based properties, Beau
Rivage and the Gold Strike Casino and Resort in Tunica. More than
200 suppliers, contractors, and business leaders from around the
U.S. registered to participate in the Expo. Summarized below are
the company-wide 2006 diversity performance results: Human
Resources In 2006, the company's minority employee representation
totaled 56.18 percent. Women comprise over half of employees at
50.67 percent. By ethnicity, the workforce comprises: 11.36 percent
African-American; 15.87 percent is Asian; 27.63 percent Hispanic;
and 0.55 percent Native American. As for minority managers and
above: 9.83 percent is African American; 10.4 percent is Hispanic;
10.18 percent is Asian; and 0.5 percent is Native American.
Purchasing MGM MIRAGE reports success in broadening the base of
MWDBEs with which it works. In 2006, the number of registered
MWDBEs in the MGM MIRAGE Supplier Diversity program continued to
expand. The company's overall purchasing spend remained strong and
the total expenditures with MWDBEs increased. For purchasing in
2006, the company spent $1.3 billion in biddable goods and
services. Of this amount, a total of $150 million in biddable goods
and services was spent with minority enterprises. This reflects an
increase of $7 million from $143 million in 2005. A total of $34
million in biddable goods and services was spent with women-owned
companies. By ethnicity, of minority-owned enterprises: 23.02
percent was spent with Asian enterprises; 23.17 percent was spent
with African American enterprises; 17.96 percent was spent with
Hispanic-owned enterprises; and 4.87 percent was spent with Native
American enterprises. Construction MGM MIRAGE's outreach spans the
nation to ensure that MWDBEs have opportunity to contract with its
myriad of development and capital improvement projects. As a
result, in 2006, construction expenditures totaled $1.3 billion, of
which $276 million was spent with MWDBEs, and of that amount, $71
million was spent with women-owned businesses. Philanthropy MGM
MIRAGE takes a leadership role in corporate citizenship through its
employee-funded Voice Foundation and corporate philanthropy. In
2006, of the total donations from the Voice Foundation, grants to
nonprofits serving diverse communities and organizations increased
by 16 percent over the previous year. Since its inception in 2002,
the Voice Foundation has dispersed more than $17 million in
employee donations to charities and places where MGM MIRAGE does
business. Corporate charitable diversity-related contributions
increased to $3.8 million. About MGM MIRAGE: MGM MIRAGE (NYSE:MGM),
one of the world's leading and most respected hotel and gaming
companies, owns and operates 17 properties located in Nevada,
Mississippi and Michigan, and has investments in three other
properties in Nevada, New Jersey and Illinois. In addition, the
Company has major new developments under construction in Nevada,
Michigan and Macau S.A.R. CityCenter is a multi-billion dollar
mixed-use urban development in the heart of the Las Vegas Strip; a
new MGM Grand hotel and casino complex is being built in downtown
Detroit; and the Company has a 50% interest in MGM Grand Macau, a
hotel-casino resort currently under construction in Macau S.A.R.
MGM MIRAGE supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its properties. MGM MIRAGE also has been the recipient of
numerous awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. Forward-Looking Statements This news
release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, including statements about future financial and
operating results. These statements are based on management's
current expectations and beliefs and are subject to a number of
risks, uncertainties and assumptions that could cause actual
results to differ materially from those described in the
forward-looking statements. The pertinent risk factors for each
company can be found in its Form 10-K on file with the SEC.
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-a
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-b
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-c
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-d
http://www.newscom.com/cgi-bin/prnh/20070608/LAF050-e
http://photoarchive.ap.org/ DATASOURCE: MGM MIRAGE CONTACT: Debra
Nelson, Vice President - Corporate Diversity, Communications &
Community Affairs, +1-702-650-7439, , or Laura Garcia, Public
Relations Specialist, , both of MGM MIRAGE Web site:
http://www.mgmmirage.com/
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