MGM launches SME relief programme

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MGM China Holdings Limited has announced it has launched an SME relief programme to help local businesses affected by Typhoon Hato.
The relief programme comprises a series of measures to address the short, mid and long-term needs of SMEs, such as expediting payment processing and upfront payments to alleviate cash flow needs, logistics support, and assistance with minor to major damage.
According to the release, MGM China conducted a survey to help assess the typhoon’s impact on 220 of MGM’s SME vendors under the categories of micro SMEs, young entrepreneurs and Made-in-Macau, considered to be the most susceptible to losses caused by the typhoon.
“Through our survey, we understand that over 60 per cent of our SME vendors have suffered losses in this typhoon (…) We will utilise our collective pledge as additional support since the rebuilding will take time,” the Chief Executive Officer and Executive Director of MGM China, Grant Bowie, stated.
Mr. Bowie added that through the SME Relief Programme the gaming operator will be able to offer immediate assistance to its vendors, while assisting with their long-term sustainable recovery.