MGM MIRAGE Announces New Management Titles

MGM MIRAGE (NYSE: MGG) announced today
that J. Terrence Lanni has formally assumed the position of Chief Executive
Officer in addition to his role as the Company`s Chairman.  Daniel M. Wade has
been named Vice Chairman of the Company and John Redmond President and Chief
Executive Officer of MGM Grand Resorts.

Robert Baldwin, President and Chief Executive Officer of Mirage Resorts,
James Murren, President and Chief Financial Officer of MGM Mirage, and Gary
Jacobs, Executive Vice President and General Counsel of MGM Mirage, continue
in their respective roles.

Mr. Lanni said: “These new titles do not indicate any changes in the
responsibilities of our senior management team.  However, they better reflect
our actual operational structure since last year`s acquisition of Mirage