MGM MIRAGE`s Board Approves Ten Million Share Repurchase Program

29th Aug 2001

MGM MIRAGE (NYSE: MGG) today announced
that its Board of Directors has approved a stock repurchase program
authorizing the Company to purchase up to 10,000,000 shares of the Company`s
common stock.  The purchases will be made from time to time in the open market
or through privately negotiated third party transactions as market conditions



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