Supplier Diversity

“Success is not a place one arrives, but rather the spirit with which one undertakes and continues the journey.”
                                                                                    Alex Noble

When MGM MIRAGE launched our Diversity Initiative seven years ago, we committed to working with minority-, women- and disadvantaged-business enterprises (MWDBE). Our Company was challenged to identify companies that could provide the desired high-quality products, superior service and competitive prices.

Supplier Diversity Plan
In 2000, MGM MIRAGE hosted our first Minority Supplier Expo to communicate our commitment and identify potential suppliers. Next, we created a full-time professional position to promote minority sourcing and launched a Web site, www.mgmmiragediversity.com, enabling suppliers to register, view and respond to bid solicitations online. This tool created an internal database enabling our buyers to gain quick and easy access to registered MWDBE suppliers.

In 2003, we adopted a formal policy requiring minority bid participation in all contracts and purchases exceeding $1,000. Minority firms seeking contracts with MGM MIRAGE are required to be certified by a partner organization such as the National Minority Supplier Development Council. During this period, we became the first gaming company to report our diversity spending, a process that we are continually enhancing through the creation of new tracking mechanisms.

To further develop the Supplier Diversity Program, we created a Purchasing Diversity Committee comprised of purchasing directors and buyers companywide. The group meets monthly to share ideas and best practices.

MGM MIRAGE participates in numerous trade shows to communicate our Supplier Diversity Program and identify potential suppliers. We are active participants inorganizations such as the United States Hispanic Chamber of Commerce’s Procurement Council and the American Gaming Association’s Purchasing Subcommittee.

MGM MIRAGE has joined with the American Gaming Association in announcing a Tier II Reporting program whereby the top 25 gaming industry suppliers are required to report quarterly on all their expenditures to MWDBE goods and service providers

Sourcing for the Future
In 2006, MGM MIRAGE hosted the third Diversity Expo, an open house where almost 600 prospective vendors and contractors participated in workshops, panel discussions and one-on-one dialogue with our Company’s senior leaders, and procurement and construction teams.

Efforts that are Producing Results
The number of registered MWDBEs in the MGM MIRAGE Supplier Diversity Program continues to expand and the amount of money spent with them has increased. In 2006, $150 million was spent with MWDBE suppliers. Because of this program, many MWDBEs have far exceeded their own expectations, and we have developed a steady and capable portfolio of qualified suppliers and vendors to support our needs. Our future goal is to increase the level of MWDBE participation in all aspects of our business.

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Any employment practices of MGM MIRAGE will be in compliance with Title VII of the Civil Rights Act of 1964,
Title I of the Americans with Disabilities Act, and NRS 613.300 et. seq.