Juliano Resigns As President Of The MGM MIRAGE Atlantic City Project

Mark Juliano resigned today
as President and Chief Operating Officer of the MGM MIRAGE Atlantic City
Project.

“I am delighted to have participated in the project`s development to this
point and look forward to its completion,” Mr. Juliano said.  “However, given
the time frame for opening, I decided to pursue more immediate opportunities.”

In accepting the resignation, John Redmond, Chief Executive Officer of MGM
Grand Resorts said, “Mark has done a splendid job for us and we wish him well
in his new ventures.”

Plans for the new MGM MIRAGE project are on schedule and unchanged said
Mr. Redmond.  “We expect MGM MIRAGE`s new casino resort, located at
Renaissance Pointe, to be completed in 2005.”

Mr. Juliano began his career with Mirage Resorts, Inc. in 1999.  In March
2001, the company was acquired by MGM Grand, Inc., becoming MGM MIRAGE.

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