{"id":261064,"date":"2023-02-22T16:45:40","date_gmt":"2023-02-22T22:45:40","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=261064"},"modified":"2023-02-22T17:07:09","modified_gmt":"2023-02-22T23:07:09","slug":"mgm-resorts-joins-un-ceo-water-mandate","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/","title":{"rendered":"MGM First Casino Company to Sign Onto UN CEO Water Mandate"},"content":{"rendered":"<p>MGM Resorts International (NYSE: MGM) announced that it&#8217;s the first casino operator to join the United Nations\u2019 (UN) CEO Water Mandate &#8212; a collection of multinational companies working to address water shortages and related issues.<\/p>\n<figure id=\"attachment_261065\" aria-describedby=\"caption-attachment-261065\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-261065\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/fountain-142x80.jpg\" alt=\"MGM Water\" width=\"1200\" height=\"675\" \/><figcaption  id=\"caption-attachment-261065\"class=\"text-description\">The fountains at the Bellagio Las Vegas. Operator MGM signed onto the UN CEO Water Mandate. (Image: <em>Vegas Food &amp; Fun<\/em>)<\/figcaption><\/figure>\n<p>Given that it\u2019s a Las Vegas-based company and the largest operator on the Strip, MGM is among the corporate pioneers &#8212; regardless of industry &#8212; in water conservation efforts.<\/p>\n<blockquote class=\"main-blockquote\"><p>Given our environmental conditions, Las Vegas has long been innovative it its approach to water. We are fortunate to do business in a place that has a world-class water management system, and hope to help others learn from successes here,&#8221; said MGM Resorts CEO and President Bill Hornbuckle in a statement.<\/p><\/blockquote>\n<p>The UN\u2019s CEO Water Mandate is currently endorsed by 235 companies from around the world. Familiar US-based firms on the list, in addition to MGM, include Coca-Cola, Ford, General Mills, Facebook parent Meta Platforms, Microsoft, Starbucks, and Whirlpool.<\/p>\n<h2>MGM Prioritizes Water Issues<\/h2>\n<p>MGM joining the UN CEO Water Mandate is the latest sign of the operator\u2019s commitment to water-related issues. Last year, <a href=\"https:\/\/www.casino.org\/news\/mgm-resorts-climate-change-water-security-efforts-paying\/\">the casino giant was lauded<\/a> for its efforts to combat change by environmental nonprofit CDP, earning an \u201cA\u201d grade from that group.<\/p>\n<div class=\"callout\">\n<p>The Mandalay Bay operator was one of just 103 corporations to earn the same mark for its water conservation plans. MGM reached its previously announced 2025 goal to trim water use by 30% per square foot in 2019.<\/p>\n<\/div>\n<p>The company\u2019s water conservation efforts, which have paid off to the tune of 5.6 billion gallons saved, include low-flush toilets, low-flow showerheads, sensors or timers on faucets, and water-efficient appliances.<\/p>\n<p>\u201cIn 2022, MGM Resorts finalized its global water policy, an outline of how water will be resourced and managed across all global operations. Between 2007 and 2021, MGM Resorts reduced water use by 37% and avoided [the] use of 5.6 billion gallons through conservation and water-efficient building and design initiatives,\u201d according to the statement.<\/p>\n<h2>More Water Conservation Efforts<\/h2>\n<p>While MGM operates casino hotels across the US, its home market in drought-stricken Las Vegas represents the bulk of its domestic business. With both <a href=\"https:\/\/www.casino.org\/news\/shocking-new-photos-of-lake-powell-water-loss\/\">Lake Mead and Lake Powell<\/a> at their lowest levels in decades, water conservation is a critical issue for gaming companies.<\/p>\n<p><strong>For its part, MGM is also replacing 200,000 square feet of real grass at its Las Vegas properties with less water-intensive landscaping.<\/strong><\/p>\n<p>Those moves and others come at a time when water issues are catching the eyes of politicians across the US. In Nevada, a Republican assembly member recently proposed a bill that would bar restaurants <a href=\"https:\/\/www.casino.org\/news\/las-vegas-restaurants-might-only-offer-water-upon-request\/\">from offering water<\/a> to patrons unless they request it. That practice is already in place at many Las Vegas-area eateries, including those inside casino hotels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International (NYSE: MGM) announced that it&#8217;s the first casino operator to join the United Nations\u2019 (UN) CEO Water Mandate &#8212; a collection of multinational companies working to address water shortages and related issues. Given that it\u2019s a Las Vegas-based company and the largest operator on the Strip, MGM is among the corporate pioneers [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":261065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[82013,33810,81886],"tags":[83417,81898,23],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM Resorts Joins UN CEO Water Mandate<\/title>\n<meta name=\"description\" content=\"MGM first casino firm to join UN CEO Water Mandate.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Resorts Joins UN CEO Water Mandate\" \/>\n<meta property=\"og:description\" content=\"MGM first casino firm to join UN CEO Water Mandate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-22T22:45:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-22T23:07:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/fountain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/\",\"name\":\"MGM Resorts Joins UN CEO Water Mandate\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/fountain.jpg\",\"datePublished\":\"2023-02-22T22:45:40+00:00\",\"dateModified\":\"2023-02-22T23:07:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM first casino firm to join UN CEO Water Mandate.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/fountain.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/fountain.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Bellagio Las Vegas. An analyst is bullish on MGM stock. (Image: Vegas Food & Fun)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gaming Business\",\"item\":\"https:\/\/www.casino.org\/news\/gaming-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM First Casino Company to Sign Onto UN CEO Water Mandate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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An analyst is bullish on MGM stock. (Image: Vegas Food & Fun)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-resorts-joins-un-ceo-water-mandate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Gaming Business","item":"https:\/\/www.casino.org\/news\/gaming-business\/"},{"@type":"ListItem","position":3,"name":"MGM First Casino Company to Sign Onto UN CEO Water Mandate"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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