MGM China said it has launched a quarterly newsletter to highlight its ongoing corporate social responsibility efforts in Macau, including a MOP20 million ($2.5 million) donation to help fight the coronavirus pandemic in Hubei, China.
The newsletter is known as MGMshare and details amongst other efforts, the donation of 650,000 masks and the provision of anti-epidemic supplies to the community. The operator has also waived rent for 15 days for all of the retail tenants in its resorts and agreed to a further extension of the waiver for those in need.
Another initiative involves the hiring of a specialist cleaning firm to help small and medium-sized businesses improve their hygiene practices.
Macau’s operators have been stepping up their CSR efforts in response to the crisis, despite revenue having effectively dried up due to strict border controls into the territory.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.