MGM MIRAGE Hospitality Readies for Global Development by Naming New Executive Appointments

December 18, 2007
Stuart Fearnley appointed Executive Vice President of Development - Design and Construction
Tobias Mattstedt promoted to Senior Vice President of Development and Operations
David Van Kalsbeek promoted to Executive Vice President of Sales and Marketing

With the recently announced agreement to develop MGM Grand Abu Dhabi and several additional development opportunities under discussion around the world, MGM MIRAGE Hospitality (MMH) today announced the appointment of three top executives to its management team.


MMH, formed in May 2007, is a wholly-owned subsidiary of MGM MIRAGE (NYSE: MGM). It is principally focused on extending the Company's renowned hotel brands and developing new luxury hotel brand concepts for destinations in the U.S. and abroad.

"I am pleased to announce the new team that will provide sales and marketing, as well as construction and development expertise as we build our portfolio of luxury brands around the world," said Gamal Aziz, President and Chief Executive Officer of MMH. "These executives bring a level of experience in international operations that supports our vision to create quality resort products and pursue the most attractive global opportunities."

Stuart Fearnley has been named Executive Vice President of Development - Design and Construction for MMH. In this role, he is responsible for overseeing all aspects of project development, including design, construction and purchasing management for the subsidiary's branded properties worldwide. He will play a key role in the development of the recently announced MGM Grand Abu Dhabi, a 50-acre mixed-use development on the downtown waterfront that will serve as an iconic gateway to Abu Dhabi.

Most recently, Mr. Fearnley served as President and CEO of Alderock Development Corporation, a real estate development company focused on large resort projects in North America and Europe. Fearnley spent 16 years with Four Seasons Hotels and Resorts in executive leadership roles, including his highest ranking position as Senior Vice President of Design and Construction.

He graduated from the University of Western Ontario, in London, Ontario, with a Bachelor of Engineering Science in Civil Engineering.

Tobias Mattstedt has been named Senior Vice President of Development and Operations for MMH. He will oversee the conceptualization, project development, budgeting, design, and operational planning of the company's new hospitality ventures.

Mattstedt has been an executive with MGM MIRAGE since April, 2001, most recently serving as Vice President of Corporate Development and International Operations. He also previously served in the positions of Vice President of Development and Vice President of Food and Beverage at MGM Grand Las Vegas.

Prior to joining the company, Tobias was employed by Ritz Carlton Kapalua, Maui, where he held the position of Executive Assistant Manager. He also spent four years as a Food and Beverage executive with the Peninsula Group in Hong Kong. His experience in Europe includes positions at the Atlantic Hotel Kempinski, Hamburg, Germany; The Hyde Park Hotel, London, England; Suvretta House, St. Moritz, Switzerland; and the Carlton Inter-Continental in Cannes, France.

His initial hotel education was in Garmisch-Partenkirchen, Germany, as well as the School of Hotel Administration at Cornell University, in Ithaca, New York.

David Van Kalsbeek has been named Senior Vice President of Sales and Marketing for MMH. In his new position, Van Kalsbeek will oversee international brand development, customer communications and recognition programs, global sales, channel management, advertising and marketing.

He joined MGM MIRAGE in 2002 as Senior Vice President of Sales and Marketing for MGM Grand Las Vegas.

Prior to joining the company, he was CEO of e-Travel Management Solutions, LLC, in Darien, Conn. He also worked for Starwood Hotels and Resorts where he was in charge of six brands, including St. Regis, W, and The Luxury Collection. Van Kalsbeek also spent 15 years with ITT Sheraton Corporation, responsible for sales and marketing for 360 hotels and resorts worldwide.

Van Kalsbeek graduated from Yale University with a Bachelor of Science degree in Economics. He attended Duke University's Fuqua School of Business, Executive Education Program.

In their new positions, Fearnley, Mattstedt and Van Kalsbeek will report to Mr. Aziz.

MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected development companies with significant holdings in gaming, hospitality and entertainment, owns and operates 17 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, New Jersey, Illinois and Macau. MGM MIRAGE is developing major casino and non-casino resorts, separately and with partners in Las Vegas, Atlantic City, the People's Republic of China and Abu Dhabi, U.A.E. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE has received 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

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.

First Call Analyst:
FCMN Contact:

Photo: NewsCom:
AP Archive:
AP PhotoExpress Network: PRN2, 3, 4
PRN Photo Desk,


CONTACT: Investment Community, DAN D'ARRIGO, Chief Financial Officer,
+1-702-693-8895, or Media, ALAN M. FELDMAN, Senior Vice President of Public
Affairs, +1-702-891-7147,, both of MGM MIRAGE

Web site: