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Borgata Opens $200 Million Expansion Project

ATLANTIC CITY, New Jersey – (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) and MGM Mirage (NYSE: MGM) today announced the opening of its public space expansion at the Borgata Hotel Casino and Spa, located at Renaissance Pointe in Atlantic City. The newly opened expansion is anchored by three new signature restaurants led by Bobby Flay, Michael Mina and Wolfgang Puck and adds additional casino games, an 85-table poker room, and a second nightclub experience called mur.mur.

Borgata's next expansion is already underway and will include a second hotel adjoining the property. The Water Club at Borgata is scheduled to open in the fourth quarter 2007. The second hotel will feature approximately 800 guest rooms and suites with its own porte cochere and entrance, along with four swimming pools and a spa in the sky.

William S. Boyd, Chairman and Chief Executive Officer of Boyd Gaming, commented on the opening, "We began working on this expansion only five months after we opened Borgata in 2003. We believe this will add considerably to Atlantic City's revitalization as an overnight destination with an abundance of entertainment options."

Terry Lanni, MGM Mirage Chairman and Chief Executive Officer, noted, "We're very excited about how the public has embraced Borgata. These new amenities will further enrich the Borgata experience and herald a new era for Atlantic City as a center for dining, entertainment and leisure on the East Coast."

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