Scientific Game

MGM launches SME relief program in the aftermath of Typhoon Hato

Thursday, 07 September 2017 06:51
Share
Visit us

MGM China has announced a new SME Relief Program to help local businesses affected by the typhoon get back on track and recover from resulting damages.

In a press release issued on Wednesday, MGM said it recognized that its SME vendors have been adversely affected and had conducted a survey to help assess impact on their businesses.  The survey covered over 220 of MGM’s SME vendors, all under the categories of micro SMEs, young entrepreneurs and Made-in-Macau “as they are most susceptible to losses brought by the typhoon.”

MGM’s SME Committee then held a meeting to review the survey results and formulated the MGM SME Relief Program, which aims to provide continuous support and reduce operating pressure of those affected. During the meeting, individual members of the committee also provided industry and sector updates on the impact of the typhoon and offered recommendations to maximize benefits for SMEs. 

The program consists of comprehensive measures that addresses short, mid and long-term needs of SMEs. The initiative includes expedited payment processing and upfront payment to alleviate cash flow needs, logistics support and assistance with minor to major damages.  

Mr. Grant Bowie, Chief Executive Officer and Executive Director of MGM China Holdings Limited said, “Through our survey, we understand that over 60% of our SME vendors have suffered losses in this typhoon. The government has been quick to respond to our local SME’s immediate needs, and therefore, we will utilize our collective pledge as additional support since the rebuilding will take time. Through the SME Relief Program, we are able to provide immediate assistance to our vendors, and continue in assisting them in the long-run of a sustainable recovery.”

 

What's new

Japan’s IR Bill likely to become law today after passing Cabinet Committee

Japan’s IR Bill likely to become law today after passing Cabinet Committee Japan’s IR Implementation Bill is expected to finally become law today after passing one last hurdle on Thursday. The IR bill, which allows for the development of Japan’s first integrated resorts in three yet to be specified locations, passed through the Cabinet Committee of the House of Council... Thursday, 19 July 2018 23:58

VIDEO: Week in Review

VIDEO: Week in Review Inside Asian Gaming takes a look back at the biggest stories of the past week. Thursday, 19 July 2018 22:50

Silver Heritage enjoys record quarter as Vietnam, Nepal casinos grow

Silver Heritage enjoys record quarter as Vietnam, Nepal casinos grow Australian-listed Silver Heritage Group has recorded its strongest quarterly gross gaming revenue since listing in 2016, with GGR up 39% to US$11.39 million for the three months to 30 June 2018. The positive results included strong growth at all three of the group’s casinos, with Phoenix Internat... Thursday, 19 July 2018 21:26

Australia’s Tabcorp pays AU$71 million to exit failed UK sportsbook Sun Bets

Australia’s Tabcorp pays AU$71 million to exit failed UK sportsbook Sun Bets Australian wagering giant Tabcorp Holdings Limited has executed an agreement to exit its UK sportsbook Sun Bets following discussions with partner News UK. Sun Bets will cease trading in the coming days with Tabcorp will make a payment to News UK of around AU$71 million to exit the agreement, origi... Thursday, 19 July 2018 21:24

Current Issue

Moving ahead

Moving ahead A year after the deadly attack at Resorts World Manila, management continues to reinvent the property to recover and meet the challenge from Entertainment City rivals. By Muhammad Cohen | Editor-at-Large   The tragic events of 2 June 2017 at Resorts World Manila sent shock waves across the Phili... Friday, 29 June 2018 01:32

"This is not a drill..." Gaming businesses must plan judiciously for emergencies such as the Resorts World Manila attack, natural disasters and accidents so they can respond effectively when best plans fail. By Muhammad Cohen   Arson at Resorts World Manila a year ago, Typhoon Hato battering Macau last August and the La... Friday, 29 June 2018 01:24

Five signs that your organizational culture is toxic to customer experience

Five signs that your organizational culture is toxic to customer experience IAG explains the importance of company culture in achieving exceptional customer experience and the five signs that your culture might be toxic to your customer goals. By Sudhir H. Kalé, Ph.D.   Numerous studies on customer experience (CX) highlight the crucial role company culture plays in del... Friday, 29 June 2018 01:18

Height of Luxury

Height of Luxury With the opening of its new luxury hotel at City of Dreams in June, Melco Resorts is looking to take control of Macau’s lucrative premium mass segment. By Ben Blaschke   “We’re not just opening a new hotel today, we’re opening a whole new chapter. We’ve built a landmark for Macau and a... Friday, 29 June 2018 01:08