MGM extends Bill Hornbuckle’s CEO contract till 2028
MGM Resorts International has extended CEO and President Bill Hornbuckle’s contract through the end of 2028, securing his leadership for another four years.The deal also...
MGM launches eco-friendly playing card recycling in Macau
MGM is taking a big step toward sustainability by recycling all its used playing cards in Macau. This initiative will keep 3,000 tonnes of waste from being burnt every year.
Partnering with Shenzhen-based Fnetlink Technology, MGM will turn old cards into eco-friendly packaging. This is crucial for Macau, where casinos throw away about 5 tonnes of playing cards daily, releasing harmful chemicals into the air.
Since 2023, MGM and Fnetlink have been working on a smart, automated system to shred and recycle cards without using water. This method is cleaner and more sustainable than traditional recycling.
Keith Lei, Senior Vice President of Human Resources and Sustainability of MGM, said:
“This groundbreaking initiative gives new life to our used playing cards. It empowers the circular economy and supports Macau’s development into a low-carbon, diversified economy. It sets a new standard for sustainable growth in the integrated resort industry. Moving forward, MGM will continue to explore advanced technologies to support China’s dual carbon goals and the Long-term Decarbonisation Strategy of Macao proposed by the local government, helping push the city toward a more sustainable future.”
With this move, MGM becomes the first casino resort in Macau to launch a fully local recycling system, setting a new standard for the industry.
MGM China gets US$3B credit to fund operations
MGM China secured a HKD23.4 billion (about US$3 billion) revolving credit facility to help fund its operations and future growth.The deal, signed with a group of...
