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MGM Mirage executives said today the company
will embark on an aggressive capital spending program to upgrade its
newly purchased Mandalay Resort Group casinos by adding noncasino
attractions such as restaurants, retail stores, lounges and
entertainment venues as well as upgrading casino floors and hotel rooms.
After announcing the company's second-quarter earnings report, MGM
Mirage President and Chief Financial Officer Jim Murren said the company
expects to spend "hundreds of millions of dollars" over the next several
years as part of a "long-term commitment" to upgrade the Mandalay
properties.
Executives are "taking input from employees" to evaluate what form the
upgrades will take and will likely have more information in the coming
months, Murren said.
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Hotel Convention
Industry News
The Convention Industry Council (CIC) has released APEX OfficeReady for
Meeting and Event Planning - a user-friendly toolset containing a
collection of more than 200 event management and business templates,
including those developed through APEX (Accepted Practices Exchange) as
the industry standard.
It is designed to interface with the Microsoft Office suite of software
programs, specifically Word, Excel, and PowerPoint.
APEX OfficeReady provides event organizers with a neatly packaged set of
ready-made, highly customizable tools that will help them increase
productivity, promote a professional image, and implement APEX accepted
practices. Simply put, it places easy-to-use APEX templates into the
hands of users.
Some of the tools packaged within APEX OfficeReady include:
• The APEX Industry Glossary - Over 3,900 industry-approved terms,
acronyms and abbreviations and their respective definitions.
• The APEX ESG (Event Specifications Guide) - Driven by wizard
technology, this is the industry's format to use in preparing and
sharing complete instructions and details for events.
• Completed samples of all hard-copy APEX templates for reference.
• All checklists from The Convention Industry Council Manual, 7th
Edition.
• The built-in ability to create an Adobe-compatible PDF file so that
users can distribute secure files via email or post them to a website.
• An automatic profile feature that inserts the users name, address, and
event-related relevant information into new documents automatically.
According to Juli Finnell Jones, vice president of the CIC, there are
three equally important reasons that APEX OfficeReady was developed.
'First, it helps event organizers lead the industry in the
implementation of accepted practices developed by APEX,' said Jones. 'It
also gives customers an incredibly functional product that takes the
hassle out of planning events and offers a great value. It also provides
vital revenue for APEX so that continued refinement and implementation
of accepted practices can be possible for the future.'
One of the most important features of APEX OfficeReady is that, if a
user registers his copy, he will automatically receive updates with new
APEX templates and tools as they are available.
