LAS VEGAS, July 1 /PRNewswire-FirstCall/ -- For the fourth consecutive
year, Black Enterprise (BE) magazine has named MGM MIRAGE one of the "40
Best Companies for Diversity" in the U.S. MGM MIRAGE is the only company in
the gaming industry named to the list.
"MGM MIRAGE clearly takes its diversity efforts seriously," said BE
Editorial Director Sonia Alleyne. "Having fostered an environment where
diversity is an imperative, they have excelled in all four key areas:
supplier diversity, senior management, board involvement, and employee
base. We congratulate the company as one of only two companies to hit this
target in 2008."
Black Enterprise praised MGM MIRAGE for developing the Diversity
Champion Training Program, the first in-depth educational program of its
kind in the gaming industry. The company was also one of two on the Top 40
list to outperform its peers in each of the evaluated categories: supplier
diversity, senior management, corporate governance and employee population.
In order to select the best companies, BE surveyed diversity executives
and CEOs of the top 1,000 publicly traded companies in the U.S., as well as
diversity executives of the top 50 global companies with strong U.S.
operations. Each company had the opportunity to respond to questions about
their diversity practices. The companies were ranked following evaluation
and consultation by the BE editorial staff.
Over the past several years MGM MIRAGE has experienced success in
integrating diversity into its core business practices. In 2000, MGM MIRAGE
became the gaming industry's first company to implement a voluntary
diversity initiative.
MGM MIRAGE recently presented its Annual Diversity Report that
highlighted the company's diversity performance in 2007. Last year, the
company spent $1.7 billion on biddable goods and services with minority,
women and disadvantaged enterprises (MWDBEs). In construction alone, of the
$2.1 billion in expenditures, $362 million was spent with MWDBEs and $73
million was spent with women-owned businesses. Internally, the company's
minority employee representation totaled more than half of the workforce at
60.8 percent. African Americans represent 12.4 percent of the workforce.
The complete list of BE's "40 Best Companies for Diversity" is featured
in the July issue.
About MGM MIRAGE:
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected
development companies with significant holdings in gaming, hospitality and
entertainment, owns and operates 17 properties located in Nevada,
Mississippi and Michigan, and has 50% investments in four other properties
in Nevada, New Jersey, Illinois and Macau. MGM MIRAGE is developing major
casino and non-casino resorts, separately and with partners in Las Vegas,
Atlantic City, the People's Republic of China and Abu Dhabi, U.A.E. MGM
MIRAGE supports responsible gaming and has implemented the American Gaming
Association's Code of Conduct for Responsible Gaming at its properties. MGM
MIRAGE has received numerous awards and recognitions for its
industry-leading Diversity Initiative and its community philanthropy
programs. For more information about MGM MIRAGE, please visit the company's
website at http://www.mgmmirage.com.
SOURCE MGM MIRAGE
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Related links:
http://www.mgmmirage.com
CONTACT:
Reggie Burton, +1-702-650-7438,
reburton@mgmmirage.com, or Laura Garcia, +1-702-650-7439,
lgarcia@mgmmirage.com, both of MGM MIRAGE
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