Sep 28, 2021
MGM Resorts International has entered into a definitive agreement with New York-based private equity behemoth Blackstone Group to acquire the casino and hotel operating rights of The Cosmopolitan of Las Vegas for just over $1.6 billion.
Announced Sept. 27, the deal coincides with Blackstone’s sale of the 3,032-room Strip resort to a group of buyers for about $5.6 billion, nearly tripling its investment in the Strip property seven years after acquiring it from Deutsche Bank for just over $1.7 billion and spending $500 million on capital improvements.
According to Blackstone officials, a… more
Sep 23, 2021
Guests attending or exhibiting at trade shows held at the Hong Kong Convention and Exhibition Centre (HKCEC) are going to notice a futuristic presence in their midst: a 5G smart robot combining 5G network and artificial intelligence technologies designed to enhance security and operational efficiency at the massive facility.
Deployed during the Hong Kong Computer & Communications Festival, held Aug. 20-23, “Captain C” is equipped with a 360-degree 4K high-definition surveillance camera, an infrared detection camera and a sensor system for detecting smoke and fire.
According to HKCEC (… more
Sep 10, 2021
While the pandemic may have sidelined events at convention centers and other venues for a while, several made great use of the downtime to continue constructing new venues or expanding existing facilities. Check out five of the most notable new developments in 2021.
Oklahoma City Convention Center
Oklahoma City significantly elevated its capacity for hosting meetings, conventions, tradeshows and other events with the opening of the $288 million Oklahoma City Convention Center and adjacent 605-room Omni Oklahoma City headquarters hotel early this year.
“The new venues and infrastructure… more
Sep 08, 2021
Ellen Schwartz isn’t exactly afraid to speak her mind. In fact, being outspoken is more like her superpower. A dynamic yet down-to-Earth industry professional who has worked for more than 40 years in the trade show and events industry, she exudes the kind of confidence that comes from years of experience and the wisdom gained from working her way up the ranks in show management, convention center sales and marketing roles and finally, venue management.
In this first edition of our new interview series about women in leading roles in the meetings and events industry, TSNN had the privilege… more
Aug 24, 2021
To help promote racial equity and overcome underrepresentation in its local travel and tourism industry, Experience Columbus and the Greater Columbus Sports Commission are partnering with Tourism Diversity Matters, a tourism and events industry resource for diversity expertise, to launch the Diversity Apprenticeship Program (DAP).
Designed to help close the significant racial equity gap in the Central Ohio hospitality community, the new apprenticeship program will provide hands-on experience and job opportunities to local students, recent graduates and professionals who identify as BIPOC (… more
Aug 19, 2021
The Orange County Convention Center (OCCC) in Orlando, Fla., has become the first facility of its kind to receive GBAC STAR Facility Re-accreditation from the Global Biorisk Advisory Council (GBAC), a division of ISSA, the worldwide cleaning industry association.
The OCCC was one of the first convention centers to receive initial GBAC STAR Facility Accreditation when the program was launched in 2020, and the re-accreditation comes following one year of successfully hosting events amid the COVID-19 pandemic.
“Our GBAC STAR re-accreditation on outbreak prevention, response and recovery is… more
Aug 16, 2021
As the trade show industry continues to forge ahead with health and safety still very much top-of-mind, major shows across the U.S. have been pulling off successful in-person iterations. Here are two significant events that happened in Chicago and Orlando recently.
ASI Show
As the first trade show to take place at McCormick Place since Chicago’s shutdown, the ASI Show was also the first large, in-person show for the $20.7 billion promotional products industry in more than 15 months.
Held July 14-15 and hosted by the Advertising Specialty Institute, the show’s attendance exceeded… more
Aug 10, 2021
While many entities have been stumbling over major hurdles with employee retention and engagement throughout the COVID-19 pandemic, New Orleans’ Ernest N. Morial Convention Center (ENMCC) strode forward—by leaps and bounds.
The center, already decorated with several “Top Workplaces” awards, including two this year, launched the Innovation Lab in July, aimed at even further improving company culture and, ultimately, customer satisfaction by placing ownership of the initiative in the hands of employees.
Employees will set goals, provide timelines and drive strategy and content for the… more
Aug 03, 2021
One of the many effects of the pandemic was the movement of many city residents to nearby suburbs. The same reasons for the mini-exodus, namely cost and convenience, could also lead more events to make similar leaps.
If any region is capable of a shift in event locations, it’s the surrounding areas outside the nation’s capital. Beyond being home to the federal government, Washington, D.C. and its neighboring counties are the hub of many national associations. Marriott International makes its home in nearby Bethesda, Maryland (where its new headquarters will also be located) and Hilton’s… more
Jul 23, 2021
Life at one of the busiest convention centers in the U.S. has been anything but idle over the past 18 months of the COVID-19 pandemic. New York City’s Javits Center closed for events last year, but it has been humming with other activity ever since, playing a key role in the recovery of the Empire State while operating as a COVID-19 field hospital then as the largest vaccination site in the U.S., administering more than 600,000 shots.
Behind the scenes, it was also busy working on the final phase of a $1.5 billion expansion that was completed in May, adding 1.2 million square feet of total… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.