RENO, Nev., Sept. 7, 2018 /PRNewswire/ -- The Nevada
Board of Regents on Friday approved a partnership between the
Nevada System of Higher Education (NSHE) and MGM Resorts
International that will make higher education affordable and
accessible to its nearly 72,000 employees throughout the U.S.
The MGM College Opportunity Program marks the first time a
Fortune 500 company is partnering with an entire system of higher
education. MGM employees can receive online education through NSHE
schools, free of charge for all credit hours. The institutions
include UNLV, the University of
Nevada, Reno, Nevada State College, Great Basin
College, Western Nevada College, the College
of Southern Nevada, and Truckee Meadows Community
College.
"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."
The program, set to begin in the Fall of 2019, will emphasize
degree completion; helping employees focus on taking the right
classes to achieve their goals. MGM employees must enroll and
get accepted into a certificate or degree program. Employees can
join certificate, associates, bachelors, or graduate degree online
programs at any of NSHE's seven degree granting institutions. They
will receive academic and financial counseling and MGM will pay the
cost for the degrees/certificates after all financial aid the
employee is eligible for is exhausted.
"This partnership will change the lives of these employees and
their families, many of who are first-generation students," said
NSHE Chancellor Thom Reilly. "And
the partnership will push NSHE institutions to offer more on-line
degrees, an area in which we need to improve."
Board of Regents Chair Kevin J.
Page said the program will be an entry point into higher
education for many of MGM's employees.
"MGM is forward thinking when it comes to the future of working
in America. Mr. Murren and his team recognize the importance of
having a highly skilled workforce and how that can improve the
company and individual employee lives," Page said. "I'm proud of
this partnership and thank everyone involved who helped make it
happen."
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 Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in
Shanghai. The 81,000 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 of this program and the increased
access to professional growth opportunities. 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 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