MGM Grand, Inc. Promotes Richard Sturm To President Of Entertainment And Sports

MGM Grand, Inc. (NYSE: MGG) today
announced the promotion of Richard Sturm to President of MGM Grand
Entertainment and Sports, Inc.  Sturm will be responsible for overseeing
entertainment and sports events at all MGM Grand properties.

“Richard`s promotion is in recognition of 30 years of negotiating and
developing some of the highest-profile entertainment projects in Las Vegas
history, as well as being instrumental in redefining the Las Vegas property as
The City of Entertainment,” said J. Terrence Lanni, Chairman and Chief
Executive Officer of MGM Grand, Inc.

Sturm may be best known for negotiating the return of Barbra Streisand to
the MGM Grand in 1993 after her 20-year hiatus.  Streisand will return to the
MGM and usher in the “New Millennium” for New Year`s Eve, an engagement that
has been designated by Ticketmaster as “a one-day, single performance sales
record.”  Sturm has helped differentiate MGM Grand in a competitive
marketplace with the highest quality of entertainment, with such stars as
Aerosmith, The Artist, Backstreet Boys, Jimmy Buffet, Eric Clapton, Phil
Collins, Neil Diamond, Fleetwood Mac, Lauryn Hill, Janet Jackson, Billy Joel,
Elton John, N`Sync, The Rolling Stones, Sting and The Who; and extended
seasonal runs for such artists as Rodney Dangerfield, Tom Jones, Wayne Newton
and Penn & Teller.

The many special events that Sturm has negotiated for MGM Grand include
the current Elvis Presley auction, visits of “The Tonight Show with Jay Leno”
and the annual Billboard Music Awards show.  Sturm also executive-produced MGM
Grand`s long running, $45 million theatrical/special effects extravaganza EFX,
which has featured such notable Broadway and recording stars as Michael
Crawford, David Cassidy and currently, nine-time Tony Award winner Tommy Tune.
The deal Sturm negotiated to bring “Michael Flatley`s Lord of the Dance” to
New York - New York Hotel Casino is in its second successful year.  In
addition, Sturm has arranged numerous television broadcasts from MGM Grand,
including HBO`s recent Cher concert, “Dennis Miller Live,” a recent rare U.S.
appearance of The Bee Gees and the Bette Midler special.