LAS VEGAS, Jan. 7, 2019 /PRNewswire/ -- For 2018
BLACK ENTERPRISE (BE) magazine has
named MGM Resorts International (NYSE: MGM) one of the "Best
Companies for Diversity" in the U.S. based on MGM Resorts'
diversity and inclusion practices.
The 50 companies featured in the publication's special report
demonstrate a commitment to diversity in one or more of four key
areas, including: Board of Directors mix, employee diversity,
senior management mix and supplier diversity.
"We are incredibly honored to achieve this recognition from
BLACK ENTERPRISE. As a
responsible corporation we strive daily to embed diversity and
inclusion into the core of our company's culture and operations for
the empowerment it brings to our employees and the strength it
brings to our business," said Phyllis A.
James, Chief Diversity and Corporate Responsibility Officer
for MGM Resorts International. "We salute BLACK ENTERPRISE for this effort that
continues to send a strong message of the moral imperative,
business necessity and transformational value of diversity and
inclusion in America."
In compiling this year's list, the BE research team sent surveys
to more than 1,000 of the largest publicly traded companies and
global companies with significant U.S. operations. Companies were
also chosen based on programs created to nurture and maintain a
diverse professional space. Surveys did not simply focus on black
inclusion, but ethnic minority groups as defined by the U.S. Census
Bureau. The complete report, including methodology and
selection criteria, is available in the November/December 2018 issue of BE.
In 2000, MGM Resorts pioneered the gaming industry's first
voluntary Diversity and Inclusion initiative. That year the Company
installed a policy requiring minority business enterprise ("MBE")
participation in all construction bids, followed in 2003 by a
policy mandating MBE participation in all biddable commodity
procurement contracts and purchases exceeding $1,000.
Since the establishment of those policies, the Company has spent
more than $4.5 billion with certified
diverse-owned (including minority- and women-owned) business
enterprises. MGM has become not only the industry pacesetter but
also a widely-acclaimed corporate leader of Diversity and Inclusion
in corporate America. Some of the Company's recent highlights
include:
- MGM Resorts is an employer of choice with robust talent
recruitment and development initiatives. MGM's workforce is richly
diverse, with minorities comprising more than 68% and women more
than 51% of employees. More than 42% of management is
minority; more than 44% of managers are women. [Based on 2017
data]
- In 2017, MGM Resorts' expenditures with certified diverse-owned
(including women-owned) business enterprises in procurement and
construction exceeded $323
million.
- In 2017, MGM Resorts earned top accolades for its diversity
best practices from national benchmarks, including: No. 3 of Top
Regional Companies (DiversityInc Magazine) and America's Top
Corporations for Women's Business Enterprises (Women's Business
Enterprise National Council).
About BLACK
ENTERPRISE
BLACK ENTERPRISE, your ultimate source for wealth creation, is
the premier business, investing, and wealth-building resource for
African Americans. Since 1970, BE has provided essential business
information and advice to professionals, corporate executives,
entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE
magazine provides 6 million readers with information on
entrepreneurship, careers, and financial management. As a
multimedia company, BLACK ENTERPRISE produces television
programming, business and lifestyle events, web content and digital
media. BLACK ENTERPRISE is the definitive source of information for
and about African American business markets and leaders, and the
authority on black business news and trends.
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.
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SOURCE MGM Resorts International