MGM MIRAGE Draws Hispanic Praise

. October 14, 2008

LAS VEAGS, NV, September 29, 2006. In recognition of the company's outreach to the Hispanic community, Latin Business magazine has recently named MGM MIRAGE to the third annual "2006 Corporate Diversity Honor Roll."

MGM MIRAGE, one of 21 recognized companies, is the only gaming company on the list. Latin Business evaluated more than 80 companies which had received diversity recognition from other publications and organizations in order to determine this year's "Honor Roll." Companies were surveyed on Hispanic and minority representation at all levels of employment, supplier diversity programs and minority outreach, retention, promotion and marketing efforts.

Also, MGM MIRAGE was recognized as one of the "Top 50 Companies for Hispanics" by Hispanic Business magazine. This marks the second consecutive year that the company was named to the list.

To identify its "Top Companies," Hispanic Business gathered information from all Fortune 500 companies, American subsidiaries of Global 500 companies and other large U.S. public and private corporations. Selected companies were chosen based on criteria including Hispanic and minority representation on the board of directors and executive-level management; minority recruitment efforts; employee retention and promotion programs; marketing and community outreach; and supplier diversity programs.

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Hotel Law: A Labor Crisis and Cyber Security

According to a recent study, the hospitality industry accounted for 2.9 trillion dollars in sales and in the U.S. alone, was responsible for 1 in 9 jobs. In an industry of that scope and dimension, legal issues touch every aspect of a hotel's operation, and legal services are required in order to conform to all prevailing laws and regulations. Though not all hotels face the same issues, there are some industry-wide subjects that are of concern more broadly. One of those matters is the issue of immigration and how it affects the ability of hotels to recruit qualified employees. The hotel industry is currently facing a labor crisis; the U.S. Labor Department estimates that there are 600,000 unfilled jobs in the industry. Part of the problem contributing to this labor shortage is the lack of H2B visas for low-skilled workers, combined with the difficulty in obtaining J-1 visas for temporary workers. Because comprehensive immigration reform is not being addressed politically, hotel managers expect things are going to get worse before they get better. Corporate cyber security is another major legal issue the industry must address. Hotels are under enormous pressure in this area given the large volume of customer financial transactions they handle daily. Recently, a federal court ruled that the Federal Trade Commission had the power to regulate corporate cyber security, so it is incumbent on hotels to establish data security programs in order to prevent data breaches. The lack of such programs could cause hotels to face legal threats from government agencies, class action lawsuits, and damage to their brand image if a data breach should occur. These are just two of the critical issues that the December issue of Hotel Business Review will examine in the area of hotel law.