IMPACT Invests in New Facilities
January 25, 2016
The IMPACT Exhibition & Convention Center in Bangkok unveiled a “new facilities enhancement plan,” which involves an investment of more than 3.5 billion Baht (US$96 million) over the next two to three years.
Paul Kanjanapas, managing director of Impact Exhibition Management Co., commented: “In the near future, we are going to see some of the biggest investments in mega projects in Impact’s history including a 200-million-baht [US$5.5 million] theme park sitting along the shore of the lake.” The theme park is expected to be completed by late 2017 or early 2018.
IMPACT also plans to boost hotel room capacity availability around the venue. Ibis Hotel will add 585 rooms to its site in 2016, a substantial addition to the current hotel property, Novotel Bangkok Impact. The Eastin Lakeside Hotel Kanjanapas will be transformed into a 300-room Pullman Hotel which is expected to be completed by early 2017.
Another large-scale investment is a “marina” which will include mooring facilities, a movie theatre, restaurants and shops. The development plan also includes a five-storey retail building, with shops and restaurants over more than 8,000 m2 as well as 12 badminton courts and a swimming pool at the planned Impact Sports Complex.
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.
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