Television and Entertainment Industry Executive Roland Hernandez Elected to MGM MIRAGE Board of Directors

October 15, 2002
PRNewswire-FirstCall
LAS VEGAS

MGM MIRAGE (NYSE: MGG), one of the world's most respected entertainment, hotel and gaming companies, today announced the election of Roland Hernandez, a television and entertainment industry executive, to its Board of Directors.

Mr. Hernandez currently owns and manages media holdings in Texas and most recently served as Chairman of the Board and Chief Executive Officer of Telemundo Group, Inc., a Spanish language television and entertainment company that was recently sold to NBC, an affiliate of General Electric. Prior to that, Mr. Hernandez was Founder and President of Interspan Communications, a company engaged in a variety of services related to Spanish media.

"Our company has embarked on a renewed effort to diversify our board's membership by seeking candidates who possess broad, strategic strengths," said MGM MIRAGE Chairman and Chief Executive Officer J. Terrence Lanni. "Roland Hernandez is an excellent addition to our board. He brings to MGM MIRAGE years of national entertainment and media experience, and we are pleased that he is making this commitment to our company."

Mr. Hernandez added, "MGM MIRAGE is a dynamic company with a wealth of future opportunities for growth. I look forward to helping the company continue to serve its customers and shareholders at the highest level."

He also serves on the Board of Directors of Wal-Mart Stores, Inc., where he is Chairman of the Audit Committee, and the Ryland Group, a California- based home builder and mortgage finance company. Mr. Hernandez is also on the board of privately held Inter-Con Security Systems, Inc., a large, international security firm.

Mr. Hernandez devotes considerable time to non-profit work, and serves on the Boards of Harvard University's Rockefeller Center for Latin American Studies, Harvard Law School's Board of Advisors and Yale University's President's Council on International Activities. In addition, he is a Director of the University of Southern California's Annenberg School of Communications.

Mr. Hernandez is the recipient of both J.D. and Bachelor of Arts Degrees from Harvard University.

MGM MIRAGE is an entertainment, hotel and gaming company headquartered in Las Vegas, Nevada, which owns and/or operates through subsidiaries 15 casino properties. Its U.S. holdings include: Bellagio, the MGM Grand Hotel and Casino -- The City of Entertainment, 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, the Primm Valley Resort and two championship golf courses at the California/Nevada state line; the exclusive Shadow Creek golf course in North Las Vegas; 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 in Borgata at Renaissance Pointe, a resort under development in Atlantic City, New Jersey. Internationally, MGM MIRAGE owns and operates the MGM Grand Hotel and Casino in Darwin, Australia.

For more information on MGM MIRAGE and its operating subsidiaries, visit our website at 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.

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SOURCE: MGM MIRAGE

CONTACT: investment community, James J. Murren, President & CFO,
+1-702-693-8877, or media, Shelley Mansholt, VP, Corporate Communications,
+1-702-891-3715, both of MGM MIRAGE

Web site: http://www.mgmmirage.com/

Company News On-Call: http://www.prnewswire.com/comp/000725.html