LAS VEGAS, Aug. 22, 2018 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts") and the Nevada System of
Higher Education (NSHE) will seek approval from the Board of
Regents on September 7 for a program designed to make
education affordable and accessible for its employees in
Nevada and throughout the
country.
Based on a partnership with NSHE, the College Opportunity
Program strengthens MGM Resorts' commitment to professional
development and offers the company's employees an online education
through NSHE schools, free of charge for all credit hours. This
program will provide high-quality educational opportunities for MGM
Resorts employees in Nevada and
throughout the country. The schools include University of Nevada Las Vegas, University of Nevada Reno, Nevada State College, Great
Basin College, Western
Nevada College, College of Southern Nevada and Truckee Meadows Community
College. By offering up several no-cost opportunities for entry and
promotion into the middle class workforce, this historic
partnership will also further the work of the MGM Resorts Public
Policy Institute at UNLV, which is
examining the future of work in the
United States.
"As the American workforce continues to evolve, I believe in
higher education as a pathway to the middle class. MGM Resorts is
committed to expanding those pathways and investing in its
employees and communities in which we operate," said Jim Murren, Chairman and CEO of MGM Resorts. "We
are focused on reducing the financial burden on our employees while
increasing access to professional growth opportunities."
Additional information on the College Opportunity Program will
be made available after the Board of Regents meeting in Reno on September
7.
Also, today MGM Resorts announces an increase to its existing
tuition assistance benefit while launching a new Student Loan
Repayment Plan. Effective January
2019, MGM Resorts will increase its tuition assistance
benefit to a maximum of $4,000 per
year. Also in 2019, MGM Resorts will offer a new benefit featuring
a Student Loan Repayment Plan, which will match a portion of
monthly student loan debt payments to accelerate full loan
repayment. Each program will give employees additional
opportunities for vibrant careers and assist them with achieving
their educational and professional goals.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 28 unique hotel offerings including some of
the most recognizable resort brands in the industry. Expanding
throughout the U.S. and around the world, the company in 2018
opened MGM COTAI in Macau and the
first Bellagio-branded hotel in Shanghai. It also is developing MGM
Springfield in Massachusetts. The
78,000 global employees of MGM Resorts are proud of their company
for being recognized as one of FORTUNE® Magazine's World's Most
Admired Companies®. For more information visit us at
www.mgmresorts.com.
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties, including those described
in MGM Resorts' public filings with the SEC. MGM Resorts has
based forward-looking statements on management's current
expectations and assumptions and not on historical facts. Examples
of these statements include, but are not limited to, statements
regarding the expected benefits to be achieved as a result of the
formation of the joint venture and the expected market opportunity.
Among the important factors that could cause actual results to
differ materially from those indicated in such forward-looking
statements include effects of economic conditions and market
conditions in the markets in which MGM Resorts and GVC operate and
competition with other destination travel locations
throughout the United States and the world, the design,
timing and costs of expansion projects, risks relating to
international operations, permits, licenses, financings, approvals
and other contingencies in connection with growth in new or
existing jurisdictions and additional risks and uncertainties
described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports
(including all amendments to those reports). In providing
forward-looking statements, MGM Resorts is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If MGM Resorts updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates
with respect to those other forward-looking statements.
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SOURCE MGM Resorts International