With leadership of Senior Diversity Manager Barbara Holder, strong progress continues on engaging diverse businesses to build luxury casino resort in Maryland
NATIONAL HARBOR, Md., (October 15, 2015) – MGM National Harbor, LLC, a subsidiary of MGM Resorts International (NYSE: MGM), announced today a contract has been awarded to its 100th Minority Business Enterprise (MBE), Parkinson Construction Company, who will provide concrete masonry services as part of the development of the $1.4 billion integrated resort project.
“We are pleased to reach this important milestone for the MGM National Harbor project, which has been accomplished through a strong, dedicated team. It further demonstrates our continued momentum toward embedding diversity in every phase of the development,” said Lorenzo Creighton, President and COO for MGM National Harbor. “We are expanding the economic opportunities within our community through approximately $350 million in spending with MBE contractors. We look forward to sharing more news about our shared successes,” Creighton continued.
Nigel Parkinson Sr., President, Parkinson Construction commented, “We are thrilled to be a part of this exciting project and I am glad to see MGM National Harbor making minority-owned businesses such a priority. For our company, which is the largest African American contractor in the area to provide these services, the National Harbor contract means jobs and the opportunity to work on a high-profile project. It’s a project that comes around once in a lifetime,” Parkinson added.
Parkinson Construction joins a list of esteemed MBEs already working on the project, including Tobar Construction Inc., an Hispanic-American owned construction company headquartered in Prince George’s County, along with Crystal Steel Fabricators, an Asian-American owned metal fabrication company.
“There will be many more minority business contracts yet to come,” Creighton added. “We are committed to spending $350 million on MBEs and in the next year and a half we will continue our march toward that goal."
In addition, MGM National Harbor is investing time, talent and resources to meet its goals on diversity and inclusion. Barbara Holder has been appointed the Senior Diversity Manager for MGM National Harbor. Holder and her team have been working diligently to engage more than 100 MBEs to develop this world-class resort. Holder also has the responsibility for the management, oversight and implementation of all aspects of the Diversity Program, including fulfillment of the Community Benefits Agreement (CBA) with Prince George’s County.
Holder said, “MGM Resorts International has long been the gold standard within the hospitality and entertainment industry for diversity initiatives. I am proud to work on a project that showcases what a true commitment to diversity is all about. I look forward to working together with the community to build a top-flight construction workforce for MGM National Harbor that reflects what’s unique and special about Prince George’s County.”
MGM National Harbor is expected to open in the second half of 2016 as the Greater Washington D.C. region’s first fully-integrated destination gaming resort.
About Parkinson Construction
Parkinson Construction Company Inc. was founded in the early 1980’s by Nigel M. Parkinson. The company has grown from a handful of employees to several hundred at a given time, representing a unique story of success in the local contracting business community, especially with regards to minority-owned businesses. The company has achieved financial strength and stability that have resulted in substantial bonding capacity. As PCC has expanded and enhanced its reputation in the construction arena, it has continued to emphasize giving back to the community, with meaningful involvement in mentoring programs and long-standing outreach and diversity initiatives.
About MGM National Harbor
The newest addition to the MGM Resorts International (NYSE:MGM) portfolio, MGM National Harbor has an unrivaled setting offering stunning panoramic views of the eastern shore of the Potomac River in Maryland. The $1.4 billion LEED® Gold Certified resort, which opened December 8, 2016, sits a short distance from Washington, D.C. to the north and historic sites, including George Washington's Mount Vernon estate across the river in Virginia. The 24-story, 308-room resort features premier amenities and experiences for locals as well as visitors from around the world including a dynamic casino with over 125,000 square feet of space that includes slots, table games and poker; a world-class spa and salon; an entertainment theater with flexible seating for up to 3,000; high-end branded retail; 50,000 square feet of meeting space; and restaurants from renowned local, national and international chefs. For more information and reservations, visit mgmnationalharbor.com.
Statements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. MGM National Harbor has based forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements regarding the timing and development of MGM National Harbor. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include effects of economic and market conditions and competition with other destination travel locations throughout the United States and the world, and the design, timing and costs of the project and additional risks and uncertainties described in the MGM Resorts International Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM National Harbor is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law.