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MGM Mirage Plans Online Sports Betting Site Based in UK

9 January 2002

LAS VEGAS -- Jan. 8, 2001 -- As reported by VU Net: ``The world's second largest gambling company is set to enter the UK market in the coming months with the launch of an online betting business.

``MGM Mirage, which owns 20 casinos including the MGM Grand and Treasure Island establishments on the Las Vegas Strip, is to apply for a licence to operate the business next month with a view to getting the site up and running before this summer's World Cup in Japan and South Korea.

``The company said that it had shelved plans to operate in partnership with other UK bookies, opting instead to run the business as a wholly owned subsidiary. The group expects to employ around 70 people..."

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