LAS VEGAS, Feb 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- MGM MIRAGE (NYSE: MGG)
announced that the Nevada Gaming Commission unanimously approved the proposed
merger between MGM MIRAGE and Mandalay Resort Group yesterday.
The transaction is subject to customary closing conditions and
satisfaction of regulatory requirements in Illinois and Michigan. MGM MIRAGE
anticipates the transaction will be completed in the first quarter of 2005.
"We are very pleased with the Commission's unanimous approval and we are
working diligently to complete the remaining steps of the merger prior to the
end of March," said Terry Lanni, Chairman and Chief Executive Officer of MGM
About MGM MIRAGE
MGM MIRAGE (NYSE: MGG), headquartered in Las Vegas, Nevada, is one of the
world's leading and most respected hotel and gaming companies. The Company
owns and operates 11 casino resorts located in Nevada, Mississippi and
Michigan, and has investments in three other casino resorts in Nevada, New
Jersey and the United Kingdom. For more information about MGM MIRAGE, please
visit the company's website at http://www.mgmmirage.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 MIRAGE
Investors, James Murren, President and Chief Financial Officer, +1-702-693-8877, or
Media, Alan Feldman, Senior Vice President of Public Affairs, +1-702-891-7147, both
of MGM MIRAGE