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Stock impact report

Design could be the last surviving competitive advantage [Fortune]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Fortune
There is only one stakeholder that matters. That was evident yesterday in my conversation with Pansy Ho , daughter of the late Stanley Ho and chair and executive director of MGM China. Ho and her fellow gambling moguls faced a mandate last year from the government: reduce Macau's dependence on gaming from 70%-80% of GDP today to 50% a decade from now. In negotiations to renew their licenses, they were required to collectively commit $15 billion over the decade to fund that transition. Here's how Ho described it: “The government last year was going through what they call the tender process, which we all had to take very seriously. I had to come and live here (Macau) for six months in order to prepare. We all thought in the beginning it just meant filling out a form. But they said: ‘No no…We want you to explain and express exactly how you are going to fulfill your commitment.' What the government has made us do is to practically write into the calendar on a monthly and even weekly b Show less Read more
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