For the fifth consecutive year, MGM MIRAGE has been named one of "America's Most Admired Companies" by Fortune Magazine. This recognition follows the magazine's annual survey that evaluates the reputation of companies with large U.S. operations.
To identify "America's Most Admired Companies" for 2006, Fortune asked 10,000 executives, directors and securities analysts to rate companies based on criteria including investment value, innovation, financial soundness, employee talent, quality of management and social responsibility. MGM MIRAGE was ranked in the category comprised of hotels, casinos and resorts.
Also, Hispanic Trends Magazine named MGM MIRAGE to its "Top 50 Companies for Supplier Diversity" list. According to Hispanic Trends, the list is comprised of large U.S. corporations that offer minority business owners the best supplier diversity opportunities. MGM MIRAGE has adopted a formal policy requiring minority bid participation in all contracts and purchases exceeding $1,000. In 2004, MGM MIRAGE spent more than $77 million on commodities sold by minority-owned enterprises.
Hispanic Trends, co-published by the United States Hispanic Chamber of Commerce, is one of the leading publications for Hispanic business and corporate leaders.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected hotel and gaming companies, owns and operates 23 properties located in Nevada, Mississippi and Michigan, and has investments in three other properties in Nevada, New Jersey and Illinois. MGM MIRAGE has also announced plans to develop Project CityCenter, a multi-billion dollar mixed-use urban development project in the heart of Las Vegas, and has a 50 percent interest in MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE also has been the recipient of numerous awards and recognitions for its industry-leading Diversity Initiative and its community philanthropy programs. For more information about MGM MIRAGE, please visit the company's website at www.mgmmirage.com.
SOURCE: MGM MIRAGE
CONTACT: Media, Reggie Burton, +1-702-650-7438, reburton@mgmmirage.com,
or Laura Garcia, +1-702-650-7439, lgarcia@mgmmirage.com, both of MGM MIRAGE
Web site: http://www.mgmmirage.com/