News
Mar 06, 2019
Last month, the Detroit Regional Convention Facility Authority awarded Chemical Bank the exclusive naming rights for Cobo Center via a 22-year, $1.5 million-per-year agreement.
According to Claude Molinari, general manager of the downtown Detroit facility, the DRCFA’s selection of Chemical Bank represents strong financial future and a big move toward Cobo becoming a self-sustaining facility by 2024.
“This unprecedented naming rights agreement is a great win for all parties,” Molinari said. “Chemical Bank makes a strong statement of commitment to the region and secured naming rights to a… more
Mar 05, 2019
Hong Kong-listed Pico Far East reported its annual results for the year ended 31st October 2018. The company posted record-high revenues of US$590 million, up 16% year-on-year. However, the company’s net profit dropped 3.5% during the year down to US$35 million. Diluted earnings per share for the year were HK$0.2198 (US$0.028).
The company attributed the growth in revenue to the effectiveness of its Pico+ strategies which successfully mitigated the knock-on effect created by rising global trade tensions and weakening economic conditions in some key markets. The decrease in profit was… more
Mar 05, 2019
Earlier this week, international exhibition organiser, Messe Düsseldorf, announced management changes. Marius Berlemann will become the General Manager of Messe Düsseldorf Shanghai Limited and Bastian Mingers will serve as the Global Head of Wine & Spirits (including the ProWein trade fair portfolio). Both new roles are effective as of 1st April 2019.
Berlemann will succeed Heiko M. Stutzinger, who officially left the company on 31st January 2019. In his new role, Berlemann will be responsible for all projects and personnel in the portfolio of Messe Düsseldorf China. He is currently… more
Mar 05, 2019
The RELX Group (formerly Reed Elsevier) released its financial results for the year ended 31st December 2018. Total revenues were £7.5 billion (US$9.5 billion), representing an underlying increase of 4%. Adjusted operating profit increased by 6% to £2.3 billion (US$3.0 billion).
Its exhibitions business generated revenues of £1.2 billion (US$1.5 billion), representing underlying revenue growth of 6%. Adjusted operating profit in the exhibitions division increased by 10% reaching £313 million (US$397 million).
According to the company, it launched 44 new events and it also rolled out several… more
Mar 05, 2019
Tourism Australia’s Business Events Bid Fund Programme (BFP) has reportedly doubled the value of business events secured in Australia in the past three months reaching A$187 million (US$134 million).
Since the launch of the BFP in July 2018, a total of 14 new events have been confirmed for Australia. Since the launch of BFP, the number of applications received from the Australian business events industry was almost 80.
According to media reports, the total expenditure by international business events visitors for the year ended September 2018 was A$4.9 billion (US$3.5 billion), an increase… more
Mar 05, 2019
Child Edu & Care Japan, the first and only trade fair for products and services related to childcare and education in Japan, will be launched for the first time June 7-8 at the Shinjuku NS Building in Tokyo.
As one of the largest trade fair organizers in the world, Messe Frankfurt’s subsidiary in Japan is expanding its portfolio by providing the ideal business and communication platform for nursery schools, kindergartens and products, respectively service providers for the childcare industry in Japan.
With an increasing demand for childcare facilities in Japan, the Japanese government… more
Mar 05, 2019
Comexposium has added Indonesia Motorcycle Show (IMOS) to its already successful joint venture partnership with Amara Pameran International (API). IMOS, the biggest motorcycle show in Indonesia will pave a new positive energy under the direction of Seven Event, Indonesia’s renowned professional exhibition organizer (PEO), the joint venture platform of Comexposium and API.
Previously organized by Amara Pameran Internasional (API), Indonesia Motorcycle Show or best known as IMOS were held biennale since 2014 and it has been the place for motorcycle enthusiasts and public that seeks the latest… more
Mar 05, 2019
In a development for China’s textile care market, it’s been announced that the upcoming edition of the new TXCA & CLE show, an international trade fair for textile laundry, leather care, cleaning technology and equipment, will be held Sept. 25-27 at the Shanghai New International Expo Centre, China.
The news comes on the back of a new joint-venture agreement last year between the Texcare Asia show and the China Laundry Expo, meaning the merged shows now serve as the largest international exhibition for laundry equipment and technology in the rapidly evolving Asian market.
Organised by… more
Mar 05, 2019
Reed Exhibitions, a division of RELX, has announced the acquisition of India BIG7.
Launched in 1993, the annual, Mumbai-based event is India's largest trade event for Gifts, Stationery, Writing Instruments, Office Supplies, Gadgets, Houseware, Kitchenware and Home Décor.
With this acquisition, Reed Exhibitions welcomes BIG7 into its portfolio of more than 500 events across 30 countries.
As a global leader in the business of face-to-face events, Reed Exhibitions will bring its expertise, global reach and resources to the benefit of BIG7 brand, its customers and the event team.
Gregory… more
Mar 05, 2019
Connect (formerly known as Collinson Media & Events) will partner with International Association of Exhibitions and Events to host a Women’s Leadership Forum for the first time this year, to continue in 2020 and 2021.
Known as a leader in the meetings, events, travel and tourism industry, Connect will co-locate the forum with its largest reverse-style trade show event, also named Connect. This year’s event will take place Aug. 26-28 in Louisville, Ky.
Programming for the Women’s Leadership Forum will provide the knowledge, strategies, motivation and inspiration needed to help… 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.