MGM Grand Macau sets grand opening date

LAS VEGAS, Nevada -- (PRESS RELEASE) -- MGM Grand Paradise, a 50/50 joint venture between MGM Mirage (NYSE: MGM) and Pansy Ho Chiu-king, announced today that the much anticipated grand opening of the MGM Grand Macau resort casino has been scheduled for Tuesday, December 18th, marking the powerful partnership's first venture into the rapidly growing Macau gaming market.

"We believe December 18th will mark the beginning of a new era in Macau," said Terry Lanni, Chairman and CEO of MGM Mirage. "We have long anticipated our Macau debut and, most importantly, the opportunity to demonstrate the combined capabilities of our partnership. Many dedicated and talented individuals have spent months in preparation for this one moment. We look forward to opening the doors and letting Macau and the rest of the world see what we have created."

"The opening of MGM Grand Macau is a banner day for Macau, its economy and its residents," said Pansy Ho Chiu-king, Managing Director of MGM Grand Paradise. "The unparalleled international reputation of MGM Grand will further propel the new prosperity enjoyed by the city, attracting additional tourist visits for longer stays and creating many new jobs. We are excited to play an important part of the continued growth of Macau. This resort represents the first of many projects our partnership looks forward to creating to further Macau's growth."

Located on a prime site on the Macau peninsula, MGM Grand Macau will be a stylish icon at the center of the Macau gaming industry. The new resort will feature 600 rooms, suites and villas; a grand casino offering approximately 375 table games, 900 slot machines and 16 private gaming salons for preferred customers; and the signature Grande Praca showcasing Portuguese-inspired architecture, dramatic landscapes and a glass ceiling rising 25 meters (82 feet) above the floor of the resort.

The 35-story resort will also include convertible convention space, world-class spa and swimming pool facilities, and a variety or restaurants that continue in the MGM Grand tradition of culinary talents celebrating the diversity of international tastes and influences. These unique elements, combined with the high-quality service provided by its 6,000 employees will define this new resort.

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