LAS VEGAS, Oct. 1 /PRNewswire/ -- MGM Resorts International
(NYSE: MGM) Chairman and Chief Executive Officer James J. Murren and Alexis Herman, Chair of the Company's Diversity
and Community Affairs Committee of the Board, today presented the
latest results of the Company's Diversity and Philanthropy
Initiatives at its formal Annual Diversity & Philanthropy
Meeting held at ARIA Resort & Casino. The event marked
the 10th anniversary of the Diversity Initiative since it was
launched in 2000.
Mr. Murren and Ms. Herman provided information about the
progress of the Diversity Initiative, which showed outstanding
results in the areas of supplier diversity, construction diversity
and employment.
"It has become more important than ever, particularly in today's
recessionary economy, that we foster an inclusive culture of
excellence aligned with our business mission," said Ms. Herman.
"As a result, we have emerged as a more cohesive, more
productive and more effective Company."
Mr. Murren and Ms. Herman also provided information about the
Company's philanthropic giving and employee giving programs.
The Company's Corporate Charitable Giving Program is committed
to supporting basic human needs, access to health care, education
and the cultural arts in the communities where the Company operates
and employees live and work.
The MGM Resorts Foundation is the public foundation that
collects and disburses employee donations to nonprofit charities
and causes designated by its employees. Since its inception
in 2002, MGM Resorts has disbursed more than $35 million in employee donations.
"Our Company and our employees have donated enormous financial
resources and countless hours to a myriad of organizations and
causes to advance our host regions," said Ms. Herman.
The Diversity and Philanthropy benchmarks presented today
included:
- Since the start of the Company's two-day Diversity Champion
Training Workshop, MGM Resorts has graduated more than 11,000
Diversity Champions.
- About 61 percent of the Company's 62,000 employees are
minorities. In the management ranks, about 44 percent of
employees in the supervisory ranks are women, and 36 percent of
employees in the supervisory ranks are minorities.
- Since 2001, MGM Resorts has expended a cumulative total of
more than $1 billion with Minority-
and Women-Owned Business Development Enterprises (MWBDE) suppliers,
which is nearly 11 percent of the Company's total biddable spend
for goods and services.
- Since 2001, MGM Resorts has expended a cumulative total of
more than $1.5 billion with MWBDEs in
construction work, including professional consultants and
contractors.
- Since the MGM Resorts Foundation's employee giving program was
established in 2002, employees have donated more than $35 million to support host communities.
- Corporate giving to diverse organizations and individuals
increased from 15 percent in 2002 to 51.51 percent in 2009.
Employee giving to diverse organizations increased from 37
percent in 2002 to 76.75 percent in 2009.
The Company also presented information about its newest plans,
including a new goal set this year to train and graduate 4,000
employees from its Diversity Champions training program by the end
of next year, and the recent introduction of the Chairman's
Diversity Roundtable sessions with employees.
MGM Resorts International (NYSE: MGM) is one of the world's
leading global hospitality companies, operating a peerless
portfolio of destination resort brands, including Bellagio, MGM
Grand, Mandalay Bay and The Mirage. The Company has
significant holdings in gaming, hospitality and entertainment, owns
and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four
other properties in Nevada,
Illinois and Macau. One of those investments is CityCenter,
an unprecedented urban resort destination on the Las Vegas Strip
featuring its centerpiece ARIA Resort & Casino. Through
its hospitality management subsidiary, the Company holds a growing
number of development and management agreements for casino and
non-casino resort projects around the world. MGM Resorts
International supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its gaming properties. The Company has been honored with
numerous awards and recognitions for its industry-leading Diversity
Initiative, its community philanthropy programs and the Company's
commitment to sustainable development and operations. For
more information about MGM Resorts International, visit the
Company's website at www.mgmresorts.com.
SOURCE MGM Resorts International
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