News
Jul 11, 2011
Hong Kong-listed Pico Far East Holdings has announced interim results for the six months ended April 30. The company’s turnover was $180 million, a decrease of 4.5 percent, compared with the same period last year. Profits during the period were $10.6 million – essentially the same at the $10.5 million recorded in the same period last year. Dilute earnings per share during the period were HK$0.0677.
Pico’s exhibitions and event marketing services business unit generated 81 percent of the company’s revenues ($146 million), representing a drop of 7.8 percent. The… more
Jul 11, 2011
Reed Exhibitions China’s inaugural Green Lighting Shanghai concluded with the attendance of just under 5,000 visitors. Exhibitors participating included those specializing in manufacturing environment friendly equipment, materials and applications in LED lighting technologies and products. The three-day trade show was held at Intex Shanghai May 11-13.
Reed also reported this week the conclusion of NEPCON China (Shanghai), an electronics manufacturing trade show, with more than 14,000 visitors. Reed reports that space sold at the event was up 21 percent, compared with the previous… more
Jul 11, 2011
The development of two new MICE venues in Seoul reportedly is underway to better serve the Korean capital as the demand for more event space has exceeded the current supply. The Dongdaemun Design Plaza and Exhibition Centre has a planned opening date on April 5, 2013, and will be located in Seoul's leading fashion district. Similarly, the Seoul Station Convention Centre, or Korail Centre, also will open in 2015 with a 7,500 capacity convention centre and a 26,500 square meter exhibition hall.
According to local MICE industry officials, the problem with a lack of space is not limited… more
Jul 11, 2011
U.S.-based business-to-buisness media and information company PennWell Corporation has entered a joint venture partnership with trade show organizer Shenzhen Dresche Exhibition & Planning Co. to organize the annual Asia SOLAREXPO convention and exhibition. The 7th edition of the solar event will take place from Dec. 3-5 at the Shenzhen Convention and Exhibition Center. Asia SOLAREXPO reported the attendance of 60,100 visitors in its 2010 edition.
Under the reported terms of the joint venture, PennWell will act as the international organizer of Asia SOLAREXPO, with the opportunity to… more
Jul 11, 2011
Hong Kong-listed Sino Resources Group, formerly Kenfair International, has released its results for the year ended March 31. The company posted a turnover of $11 million, down 5.7 percent from 2010’s figure. Losses attributed to shareholders this year were greatly reduced from a loss of $108 million in 2010 to $4.4 million this year.
All revenues were reported to have been generated from the company’s exhibitions business. In particular, more than 90 percent ($9.8 million) came from the Mega Show Part 1 and Part 2 held in October 2010 in Hong Kong. The remaining revenues ($828… more
Jul 11, 2011
One of the venues of the Taipei International Flora Exposition, the EXPO Dome, located in Yuanshan Park Area, has been turned into a convention and exhibition centre. There were no specifics reported in terms of size and layout of the venue. However, the first event held at EXPO Dome, the Taipei Food Festival World Championship of Cookery, reportedly occupied 10,006 sq. m. of exhibition space, with 104 booths and a total of 16,000 attendees.
EXPO Dome is managed by the Industrial Development Board (IDB) of the Taipei City government. IDB claims the venue’s event calendar is fully… more
Jun 20, 2011
UBM Asia’s INTERMACH, SUBCON Thailand and Sheet Metal Asia 2011 drew 33,016 attendees to this year’s show, a 20-percent increase, compared with the previous show.
In addition, international attendance also saw a huge jump this year, with a 25-percent increase, compared with the previous show.
All three collocated events, held May 19-21 at the Bangkok International Trade & Exhibition Centre, are now considered a “driving force behind dozens of new business partnerships, which are making a significant contribution to the booming Thai economy,” according to UBM… more
Jun 20, 2011
Dallas-based Freeman bought all three companies owned by San Francisco-based Wheelhouse Solutions – Champion Exposition Services, George Fern Exposition & Services and Immersa Marketing – for an undisclosed sum. The transaction closes June 21.
Joe Popolo, CEO of Freeman, said the company always is looking to expand its business, and acquiring all three companies is not only a strategic fit, but also a cultural fit.
“Champion is known for great creative and technology … we believe we will also have the best team of employees,” he added. “We… more
Jun 20, 2011
The New Zealand government chose SKYCITY Entertainment to develop the New Zealand International Convention Centre on a three acre site.
SKYCITY Chief Executive Nigel Morrison said this is an important and long anticipated development for both Auckland and the New Zealand convention and tourism industries.
“SKYCITY is excited to be involved in this development, and we welcome the opportunity,” said SKYCITY CEO Nigel Morrison. “We envisage that the New Zealand International Convention Centre on this site will be an iconic building in the heart of Auckland, central to… more
Jun 20, 2011
The Hong Kong Exhibition and Convention Industry Association had good news to announce during its June 17 Annual General Meeting: the number of trade exhibitions, visitors, exhibiting companies and showfloor space all showed increases, some with double-digit percentages.
In 2010, more than 648,000 visitors from outside of Hong Kong attended trade exhibitions, representing an increase of more than 13 percent from 2009.
This significant leap was fueled by a strong comeback of international visitors, a jump of 18 percent to 214,000, surpassing the pre-financial crisis level.
Visitors… 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.