LAS VEGAS, June 15 /PRNewswire/ -- MGM Grand, Inc. (NYSE: MGG) today
announced the election of Robert H. Baldwin to its Board of Directors and
Executive Committee.
Robert H. Baldwin began his career in the gaming industry in 1982 as a
consultant at the Golden Nugget. After a rapid succession of promotions
within the organization, in 1984 he was appointed President of downtown's only
four-star resort.
In 1987, Mr. Baldwin was appointed President and CEO of The Mirage. He
and his executive management team redefined the standards by which Las Vegas
properties are judged and engineered one of the most successful destination
resort openings in the hospitality industry.
Mr. Baldwin is currently President and CEO of Mirage Resorts,
Incorporated, a wholly owned subsidiary of MGM Grand, Inc. In addition, Mr.
Baldwin continues to serve as President and CEO of Bellagio, a position he has
held since October of 1998.
"We are pleased to recognize Bobby's tremendous talents through this
appointment. Our Company has assembled a dream combination of assets and
people, that creates unquestionably the premier company in the industry," said
J. Terrence Lanni, Chairman of MGM Grand, Inc.
The Mirage Resorts subsidiary consists of Bellagio, The Mirage, Treasure
Island, the Boardwalk Hotel and Casino, and The Golden Nugget all in Las
Vegas, The Golden Nugget in Laughlin, Nevada and Beau Rivage in Biloxi,
Mississippi.
MGM Grand, Inc. is an entertainment, hotel and gaming company
headquartered in Las Vegas, Nevada, which owns and/or operates through
subsidiaries 18 casino properties on three continents. Its U.S. holdings
include: the MGM Grand Hotel and Casino -- The City of Entertainment,
Bellagio, The Mirage, Treasure Island, New York -- New York Hotel and Casino,
the Boardwalk Hotel and Casino and 50% of Monte Carlo, all located on the Las
Vegas Strip; The Golden Nugget in Downtown Las Vegas; Whiskey Pete's, Buffalo
Bill's and the Primm Valley Resort in Primm, Nevada as well as two
championship golf courses at the California/Nevada stateline; The Golden
Nugget in Laughlin, Nevada; the Beau Rivage resort on the Mississippi Gulf
Coast; and the MGM Grand Detroit Casino in Detroit, Michigan. The Company is
a joint venture partner on a resort under development in Atlantic City, New
Jersey and also controls several development sites in the ocean-front resort
community. Internationally, MGM Grand owns and operates the MGM Grand Hotel
and Casino in Darwin, Australia and manages casinos in Nelspruit, Witbank and
Johannesburg, Republic of South Africa.
For more information on MGM Grand, Inc. and its operating subsidiaries,
visit our websites at http://www.mgmgrand.com and http://www.mirageresorts.com.
Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.
SOURCE MGM Grand, Inc.
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Related links:
http://www.mgmgrand.com
Company News On-Call:
http://www.prnewswire.com/comp/000725.html or fax,
800-758-5804, ext. 000725
CONTACT:
Alan M. Feldman, 702-693-7147, for MGM Grand,
Inc.
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