With the completion of the historic
acquisition of Mirage Resorts, Incorporated (NYSE: MIR) by MGM Grand, Inc.
(NYSE: MGG), Terry Lanni, Chairman of the combined companies today announced
its new executive team.
The company will be headquartered in Las Vegas at offices in both the
Bellagio and MGM Grand hotels.
MGM Grand, Inc. Co-CEO John T. Redmond will be responsible for the MGM
Grand Hotel and Casino - The City of Entertainment and New York - New York
Hotel and Casino in Las Vegas, the resorts in Primm, Nevada, the MGM Grand
Detroit Casino and future development in Atlantic City.
Mirage Resorts President and CEO Robert H. Baldwin will be responsible for
Bellagio, The Mirage, Treasure Island, the Boardwalk Hotel and Casino and The
Golden Nugget all in Las Vegas, The Golden Nugget in Laughlin, Nevada and Beau
Rivage in Biloxi, Mississippi. Mr. Baldwin will also continue to serve as
President and COO of Bellagio, a position he has held since its opening in
October of 1998.
Daniel M. Wade, Co-CEO of MGM Grand, Inc. will be responsible for several
major corporate functions including public affairs, entertainment, corporate
security and regulatory compliance. Mr. Wade will also be principally
responsible for developing synergies within the combined company and for the
sale of non-strategic assets resulting from the acquisition.
James J. Murren, MGM Grand, Inc. President and CFO, will oversee all
corporate finance functions including capital markets, investor relations,
internal audit as well as lender relations. In addition, Mr. Murren will be
responsible for the Company`s international operations in Australia and South
The Company also announced today the appointment of Gary N. Jacobs to
Executive Vice-President - General Counsel. Mr. Jacobs comes to MGM Grand
from the Los Angeles law firm of Christensen, Miller, Fink, Jacobs, Glaser,
Weil & Shapiro, LLP where he served as a partner.
“This structure allows us to combine our executive teams strategically,
providing optimum support to the operating entities,” said Mr. Lanni. “We
will place a priority on the successful combination of our assets and continue
to explore additional development opportunities.”