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They won the Business Leadership Recycling Award from a organization called American Forest and Paper Association (AFPA for short) for great contributions on saving paper and recycling cardboard (2011

They won the Business Leadership Recycling Award from a organization called American Forest and Paper Association (AF&PA for short) for great contributions on saving paper and recycling cardboard (2011). The MGM Resorts won the national 2011 Business Leadership Recycling Award presented by AF&PA for excellent leadership in helping the paper-based packaging products.

This resort in the Convene Green Alliance which is an organization can response to these desires or concerns for the environment about their members.

It won the award called Friend of Glass Recycling by Glass Packaging Institute (GPI) for wonderful efforts in recycling glass in 2010. The GPI recognized the Resort International for its achievements and innovative efforts toward glass-container recycling in this industry. NY-NY Resorts recycled 3,645 tons (7.2 million pounds) of glass in 2010.

What's more, the Program recycled over 40,000 gallons of cooking oil, power and Water reduction program provides a safer and healthier environment,Energy Management System controlling climates in public area, Cardboard, glass, plastic, paper or metal are recycling ,All public bathrooms with paper saving hand towel dispensers ,Air filters in guestroom changed every 45 days,The Resort also own public foundation that focuses on employees' charitable contributions ,Let staff learn about initiatives and Green Programs,Reduce unnecessary paper waste in guest room with voicemail communication,Commitments is bringing NY-NY to a new level of environmental consciousness. Each of their resorts has taken substantial steps in their commitment to sustainability.

Their environmental responsibility as recognizing and reducing the impacts of their business on the natural environment. We call this the Green Advantage because environmentally responsible actions not only benefit the planet but also result in more efficient operations, lower costs, and enhanced company value. Through a comprehensive, strategic approach, our Green Advantage has become an integral part of our business planning and operations - with focus on the core areas of energy and water use, education and outreach, supply chain, green building and waste and recycling. Concentrated efforts to reduce environmental impacts drive innovation throughout operations and have resulted in implementation of hundreds of best practices that have made our properties greener. MGM Resorts has demonstrated that environmental responsibility and an enhanced guest experience are complementary elements. Our accomplishments in this arena serve as a solid foundation to continue our leadership and exceed the growing expectations of our customers.

From the economic aspect, we can see the details below, at the end of the year 2010, the net revenues ( in thousands, except per share data) is $6,019,233. Operating expenses contain reimbursed costs, casino and hotel operations, general and administrative, preopening and start-up expenses, corporate expense, property transactions, depreciation and amortization. The figures are $3,398,072, $359,470, $1,128,803, $124,241, $4,247, $1,451,474, $633,423 respectively. Total is $7,099,730. Income (loss) from unconsolidated affiliates is $78,434. The operating loss is $1,158,931. The net loss is $1,437,397 and the net loss per share is $3.19.( MGM Annual Report, 2010)

The economy in the U.S. has affected their results of operations negatively in the past several years. The current conditions and recent present in the area of economic surrounding which lead to affect their operating results negatively include several aspects below. First one is the weaknesses in low rate of the employment and high rate in unemployment. Second one comes to the weakness in consumer confidence, Third one is the Weakness in home equity and housing market and the important declines in prices of housing and decreases about Las Vegas' airline capacity.(MGM Annual Report, 2010)

There are many arguments for casino, it often can boils down about social and economic concerns. Many depressed economic places are often occur the arguments about that the casino should offer jobs for people and help in taxes. With the opening of more and more casinos, greater and greater possibilities of the number of pathological gamblers are increased. Another consideration for the gamblers is gambling debts that they incur. The gambling problem can list itself in a form about psychological or physical abuse of children and spouses. In serious cases of force gambling, suicides and divorce are pursued and contemplated. It will leads to some serious social problems such as cheating, obsession, alcoholism& drugs, prostitution, crime, substance abuse, loan sharking, etc.

The IR has to make a long-term sustainability in the industry because it can make a economic profit reasons for the businesses, meanwhile, the IR need to develop a competitive and attractive product for attracting customers.

As we all known, NY-NY is a IR with the casino, though they made a lot of effort on reducing the bad impacts on environment, it still has key issues like noise pollution, litter pollution and so on.

NY-NY has a deep commitment to sustaining the life quality in the communities in which they operate - through volunteer service, in-kind donations, financial contributions and participation in local civic organizations. Sound host communities are vital for employees, customers and therefore business. Over the past years, they combined with employee-directed Foundation has taken a holistic approach to community outreach, supporting a multitude of nonprofit organizations, agencies and causes - from food, shelter and health care for human sustainability, to education and the cultural arts for talent sustainability, to economic development, environmental sustainability, and more.

They view environmental responsibility as recognizing and reducing the impacts of business on the natural environment. They call this the Green Advantage because environmentally responsible actions not only benefit the planet but also result in more efficient operations, lower costs, and enhanced company value.

Through a comprehensive, strategic approach, Green Advantage has become an integral part of their business planning and operations - with focus on the important areas of green building, energy and water use, supply chain, outreach and education, and waste and recycling. Concentrated efforts to reduce environmental impacts drive innovation throughout operations and have resulted in implementation of hundreds of best practices that have made their properties greener. NY-NY has demonstrated that environmental responsibility and an enhanced guest experience are complementary elements. Their accomplishments in this arena serve as a solid foundation to continue the leadership and exceed the growing expectations of customers.

Now, there still got serious noise pollution there, in next five years, they will use the high level technology to manage the mixed-use land such as retail, entertainment, hotels more efficiently and reduce the bad impacts to the lowest.

They raised more than $3 billion of new capital and extended approximately $3.5 billion of their credit facility into 2014. The opportunity for the IR is to use the funds to expand the range of the services to attract more tourists. What's more, it can help NY-NY to climb to a new higher level point in the IR industry. The IR will be the top destination resorts located on Las Vegas.



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