U.S.-based casino operator MGM Resorts International announced on Tuesday the appointment of two senior executives that have years of experience in the field of environmental sustainability.
Chris Magee has been promoted internally to be vice president of sustainable facilities, while Yalmaz Siddiqui has joined MGM Resorts as vice president of corporate sustainability, the company said in a press release.
“Implementing efficient, sustainable and morally responsible practices across our operations is a top priority for MGM Resorts. Not only is it the right thing to do, but it also a competitive differentiator,” said Cindy Ortega, MGM Resorts’ senior vice president and chief sustainability officer, in a statement.
MGM Resorts said Mr Magee would be responsible for providing “strategic direction and operational oversight to the development and implementation of large-scale, renewable applications and energy efficiency programmes to reduce the environmental impact of company operations”.
Mr Siddiqui is expected to lead a range of environmental sustainability initiatives for MGM Resorts, including sustainable sourcing, employee engagement, green conventions, food waste reduction and waste management, said the company.
MGM Resorts is the parent company of Macau-based casino operator MGM China Holdings Ltd. The parent company announced on September 1 that it had completed a deal to increase its stake in MGM China to approximately 56 percent, from the 51 percent holding it had previously.
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"We forecast Grand Lisboa Palace will have EBITDA of HKD2.0 billion (US$260 million) with 330 tables by 2022, and HKD3.5 billion with 380 tables by 2023"
Credit rating agency Fitch Ratings