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Press Releases MGM MIRAGE Presents its Annual Diversity Report in Biloxi, Mississippi LAS VEGAS - June 8, 2007 – MGM MIRAGE executives today presented the company’s Annual Diversity Report at its Beau Rivage Resort and Casino in Biloxi. For the last six years, the company has annually reported its diversity performance at its headquarters in Las Vegas, Nevada, to demonstrate transparency and accountability in the key areas of construction, human resources, procurement and philanthropy. This marks the first time the report has been presented in Mississippi. “A hallmark of diversity is the opportunity it creates for success that transforms the lives of our employees, our suppliers, our business partners, and our communities,” said MGM MIRAGE Chairman and CEO Terry Lanni. “Our success in inclusion of minority-owned, women-owned and disadvantaged business enterprises (MWDBEs) in the rebuilding of Beau Rivage is a powerful example of our Diversity Initiative at work.” 
The Honorable Alexis M. Herman, Chair, Diversity Committee, MGM MIRAGE Board of Directors, and former U.S. Secretary of Labor, left, along with George Corchis, Beau Rivage President and COO, and Sara Miller, Beau Rivage Director of Public Affairs, right, present $100,000 from the MGM MIRAGE Voice Foundation’s Katrina Recovery Fund to four local. MGM MIRAGE Chairman and CEO Terry Lanni also committed another $100,000 to the organizations during the company’s Annual Diversity Report.
The Honorable Alexis M. Herman, Chair, Diversity Committee, MGM MIRAGE Board of Directors, and former U.S. Secretary of Labor, applauds the company’s dedication in rebuilding and reopening the Beau Rivage Resort and Casino exactly one year after Hurricane Katrina.
J. Terrence Lanni, MGM MIRAGE Chairman & CEO addresses a crowd of more than 500 at the Annual Diversity Presentation at the company’s Beau Rivage Resort and Casino. He announced the gains the company has experienced as a result of diversity efforts in key areas such as human resources, strategic sourcing, construction and corporate philanthropy.
George P. Corchis, President and COO of Beau Rivage, reports the level of participation by minority, women and disadvantaged business enterprises (MWDBEs) in the rebuilding of the Beau Rivage after Hurricane Katrina. Of the $350 construction total, 21% was spent with MWDBEs.
Hundreds of prospective suppliers, contractors, and business leaders from around the U.S. registered to participate in the MGM MIRAGE Diversity Business Expo at the Beau Rivage Resort and Casino. The expo provided the opportunity for suppliers to meet with key decision-makers from MGM MIRAGE’s Mississippi-based properties, Beau Rivage and the Gold Strike Casino and Resort in Tunica, to learn how to do business with the gaming and hospitality company.
As part of its ongoing commitment to the Biloxi community, the employee-funded MGM MIRAGE Voice Foundation presented $100,000 to four Mississippi non-profit organizations to close out its Katrina Recovery Fund, which raised $4.1 million dollars for those affected by Hurricane Katrina. City Team Ministries; Rebuild Jackson County; Mississippi Protection & Advocacy System, Katrina Aid Today; and Hands on USA each received $25,000. At the end of the presentation, Lanni committed an additional $100,000 on behalf of MGM MIRAGE to be distributed to the same organizations. Immediately following the presentation, prospective vendors and suppliers were invited to the Diversity Business Expo which included booths staffed by company executives from MGM MIRAGE’s Mississippi-based properties, Beau Rivage and the Gold Strike Casino and Resort in Tunica. More than 200 suppliers, contractors, and business leaders from around the U.S. registered to participate in the Expo. Summarized below are the company-wide 2006 diversity performance results: Human Resources Purchasing For purchasing in 2006, the company spent $1.3 billion in biddable goods and services. Of this amount, a total of $150 million in biddable goods and services was spent with minority enterprises. This reflects an increase of $7 million from $143 million in 2005. A total of $34 million in biddable goods and services was spent with women-owned companies. By ethnicity, of minority-owned enterprises: 23.02 percent was spent with Asian enterprises; 23.17 percent was spent with African American enterprises; 17.96 percent was spent with Hispanic-owned enterprises; and 4.87 percent was spent with Native American enterprises. Construction Philanthropy Since its inception in 2002, the Voice Foundation has dispersed more than $17 million in employee donations to charities and places where MGM MIRAGE does business. Corporate charitable diversity-related contributions increased to $3.8 million. Media Contacts: Laura Garcia |