Pico Far East’s Revenues Down 4 Percent in 2017

Hong Kong-listed Pico Far East announced its annual results, for the year ended Oct. 31, 2017.

The company reported total revenues of US$510 million, down by 4 percent year-on-year. The company attributed the decline to the end of two non-recurring mega projects in the previous year.

The company’s net profit fell 6.3 percent during the year, down to US$36 million. Diluted earnings per share for the year were HK$0.2286 (US$0.029).

More than 80 percent of Pico’s revenues were generated from its exhibition & event marketing services, amounting to US$409 million.

Big Game, Big Transformation: How Minneapolis Became Super Bowl City

Submitted by lpsavas@tsnn.com on Tue, 02/13/2018 - 10:15

Whether you’re a fan or not, it’s hard to miss the hype around the biggest football championship of the year. And this year’s coverage has been particularly interesting with a spotlight on first-time host, Minneapolis. Unlike previous metropolises like Houston and San Francisco, Minneapolis/St. Paul had some hurdles, including fewer traditional event space options and frosty conditions. But the Twin Cities capitalized on its “Bold North” strengths to become the ultimate Super Bowl hub with a wide lineup of memorable experiences in and outside the big game.

6 Event Marketing Trends for 2018

Submitted by lpsavas@tsnn.com on Fri, 02/09/2018 - 09:48

Whether it’s making a list and checking it twice or end-of-year recaps and wrap-ups, winter is the season of lists. At Derse, much like when it comes to events, we’re all about preparation. So, we’ve scoured the internet for opinions and predictions on event marketing trends for the coming year.

These predictions from Chief Marketer, Entrepreneur, Forbes and more, combined with our knowledge from the past year and our expertise in aiding companies with events, exhibits and experiences led to our own list.

Viacom Acquires VidCon, Marking a Focus on Live Events

Viacom, owner of MTV, VH-1, Nickelodeon and BET, to name a few, has acquired VidCon, host of the world’s largest multi-day conference for the global online community.

The move will accelerate its participation and investment in next-generation platforms and expand its focus on live events, according to Viacom officials.

VidCon will remain a stand-alone entity and retain its senior leadership team.

Show Growth Was Hot on the Menu at MetroCooking DC

Washington D.C.’s largest consumer culinary show, MetroCooking DC, concluded its 12th edition with a positive boost in attendance and size.

Held Dec. 9-10 at the Walter E. Washington Convention Center, the popular gourmand shopping event saw an attendance uptick of more than 12 percent, compared with the year before, with more than 10,000 foodies shopping, sipping and sampling from an abundance of specialty food companies, local restaurants, breweries and wineries.

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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.   
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