Boston, MA 04/23/2014 (wallstreetpr) – The hospitality company MGM Resorts International (NYSE:MGM) is ready to set their target for non-gaming resorts and apartments, as the latest business strategy. However, the company on April 17, 2014 was globally recognized for the inventive concept of lighting.
LEEP awarded for innovative idea of MGM:
LEEP or Lighting Energy Efficiency in Parking campaign organized an award ceremony in Las Vegas on April 15, 2014. MGM Resorts International (NYSE:MGM) was nominated for their innovative energy efficient as well as sustainable lighting system. In recent times, the company has been awarded twice for their outstanding idea. The first one goes for ‘Highest Absolute Annual Savings in a Retrofit at a Single Parking Structure’ (at MGM Grand Detroit) and the other for ‘Largest Percentage of Facilities Upgraded’ (for MGM facilities in Nevada and Michigan).
From the desk of Chief Sustainability Officer of MGM:
Cindy Ortega, Chief Sustainability Officer of MGM stated that the outdoor lighting projects of the company are truly commendable and are planned for future usage as sustainability index. He also added that both the effective Detroit project as well as the Las Vegas project allowed the global market to reap benefits. While explaining the advantages of MGM’s innovative lighting system, Kathleen Hogan, Deputy Assistant Secretary of Energy Efficiency said that, these cost-effective lighting solutions have changed the scenario of parking lots and garages.
Outstanding feature to save electricity and cut down expense:
However, besides the cost cutting advantage, the lights are also capable of saving huge amount of energy. In 2013, MGM Grand Detroit installed LED lights in parking garages that reduced 80% of annual energy consumption. Similarly, the Nevada and Michigan project reduced the energy usage by 70%, company announced. The environment friendly lighting process is undoubtedly a great gift from the MGM.
MGM Resorts International (NYSE:MGM) is about to release their 1Q2014 financial report by April 29, 2014 through a conference call. However, it’s time for the investors and common people to stay tuned till end of April for the report!
