News
Sep 14, 2018
U.K.-based Tarsus Group has bought the remaining 50 percent share of its joint venture in Mexico with E.J. Krause for approximately $18 million, as well as announcing other deals in Southeast Asia and the United Arab Emirates.
With the option to buy exercised, the Mexico deal is expected to close the first week of October.
“Mexico is a large and fast-growing market, and this agreement to acquire the remaining 50 percent interest in EJK Tarsus Mexico, thereby assuming full control of the Mexican business, represents an excellent opportunity for the Group to accelerate its growth,” said… more
Sep 14, 2018
Less than a month after Vancouver became the first city in the world to adopt a comprehensive zero waste strategic plan and the first city in Canada to ban plastic straws and polystyrene containers, the city played host to Sustainable Brands, the annual global flagship conference of one of the leading corporate sustainability communities of brand innovators and sustainability professionals working to shape the future of commerce worldwide.
Held June 4-7 at the Vancouver Convention Centre and for the first time in Canada, Sustainable Brands drew more than 2,300 participants from across the… more
Sep 13, 2018
Event registration and ticketing platform company, Eventbrite, plans to go public. The company filed for an initial public offering (IPO) on Aug. 23, stating that it intends to raise $200 million from sales of its Class A shares.
Goldman Sachs, J.P. Morgan, Allen & Company and RBC Capital Markets are underwriting the IPO and Eventbrite stock will be listed on the New York Stock Exchange (NYSE) with the ticker symbol “EB.”
On Sept.7, Eventbrite announced that it plans to sell 10 million shares priced $19-$21 each, to raise $200 million at the midpoint of that range. The valuation of… more
Sep 13, 2018
A single plastic straw, which might be used for about 15 minutes, will never fully decompose. That depressing fact has inspired two major players in the exhibitions, meetings and hospitality industries to launch a series of sustainability initiatives designed to give single-use plastic waste the boot.
As part of its ongoing commitment to sustainability, the Hong Kong Convention and Exhibition Centre has launched “Think Before Plastic,” an initiative debuted at the start of its new fiscal year on July 1 that features a series of new measures focused on cutting back and eliminating plastic… more
Sep 12, 2018
Private equity firm MidOcean Partners has acquired Questex, a B2B information services provider, from Shamrock Capital. Financial terms of the transaction were not disclosed.
Questex is a global B2B information services company that serves the beauty/spa/wellness, travel/hospitality, life sciences/healthcare and telecommunications/technology sectors.
The Company serves these end markets through leading brands and well-developed capabilities, including more than125 tradeshows (such as the industry leading International Beauty Shows), conferences (including ExL events), and hosted buyer… more
Sep 12, 2018
Several shows have canceled at convention centers expected to be impacted by Hurricane Florence, which is projected to make landfall in the Carolinas as a Category 3 or 4 storm on Friday morning.
The National Rifle Association has canceled the second annual NRA Carry Guard Expo, scheduled for Sept. 14-16, 2018 at the Greater Richmond Convention Center in Richmond, Va., due to the impending threat of severe weather associated with Hurricane Florence.
“The cancellation was made in the interest of public safety due to the forecasted arrival of Category 4 Hurricane Florence in the mid-Atlantic… more
Sep 12, 2018
On Aug. 13, Governor Rick Smith declared a state of emergency in seven counties along the Florida Gulf Coast, and the red tide continues to have a negative impact on the state’s shores and beaches. The toxic algae bloom is responsible for a drop in tourism that many local businesses worry will continue.
The red tide is a natural phenomenon that has been documented since the 1500s. However, this most recent occurrence has been particularly troublesome. The harmful algae bloom (the term that scientists prefer) emits toxic gasses that have killed a vast quantity of marine life. These gasses… more
Sep 11, 2018
C2 Melbourne was originally planned to be held from 17th to 19th October 2018, at Melbourne Convention and Exhibition Centre (MCEC). The event was eventually cancelled following the sudden departure of the event creator and C2’s CEO Asia-Pacific Martin Enault.
It is reported that Enault has cited health reason for his decision. According to the event venue, MCEC, they have invested a lot of marketing capital into the event and it is expected to attract some 2,500 participants. C2 Melbourne has been promoted in various international trade shows recently and Melbourne Convention Bureau (MCB)… more
Sep 11, 2018
Macau’s Statistics and Census Service (DSEC) recently released its MICE statistics for the second quarter of 2018. In the quarter, a total of 327 MICE events were held in Macau, down 6 events compared with the same quarter in 2017. However, the total number of participants increased 1.7% to about 411,000 in the period.
According to DSEC, a total of 316 meetings and conferences were held in quarter, 6 events more than the previous year. The total number of participants was 98,000, representing a significant increase of 121% year-on-year. Nine exhibitions were held in period, down 2… more
Sep 11, 2018
UBM India, a UBM plc subsidiary, opened a new food and hospitality show, Food and Hotel India (FHIn), on 5th September 2018. The inaugural event is held at the Sahara Star Hotel in Mumbai and runs until 7th September.
FHIn is part of the portfolio of food and hospitality shows organised by UBM Allworld. The event is designed to serve as a platform for food and hospitality industry professionals to showcase their products and services in the Indian market.
More than 60 exhibitors from 10 countries including leading Indian and international hospitality chains, consultants, suppliers and… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.