MGM Grand Ho Tram will anchor the $4.2 billion multi-property Ho TramStrip resort complex being developed by ACDL along the pristine beaches of theSouth China Sea. The Ho Tram Strip is set on a 2.2 kilometer strip of whitesand located in the Ba Ria Vung Tau Province of southwest Vietnam, eightymiles from Ho Chi Minh City. MGM Grand Ho Tram will be the first component ofwhat is planned to be the largest tourism complex in Vietnam. MGM Grand HoTram itself will feature 1,100 rooms, a world-class gaming and entertainmentfacility, luxury retail, chef-driven restaurants, high-tech meeting space,live entertainment stages, stunning nightlife, destination spa services, andan exclusive VIP area, as well as a variety of beach-front recreationactivities.

"The MGM Grand brand is internationally recognized for its energy,excitement and ability to provide the broadest array of luxury hotel, resortand gaming amenities, all under one roof," said Gamal Aziz, CEO of MGM MIRAGEHospitality. "MGM Grand Ho Tram's prime beach-front location affords us aneven greater opportunity to provide our guests with a spectacular experience.Our international gaming development team, led by Lloyd Nathan, Executive VicePresident of MGM MIRAGE Global Gaming Development, will, with theircounterparts at ACDL, make MGM Grand Ho Tram a showplace for the furtherdevelopment of high-end international tourism in Vietnam."

ACDL, an international development and real estate company specializing inintegrated resort destinations, has already broken ground for the MGM Grandresort. MGM Grand Ho Tram, expected to open in 2011, will be surrounded by an18-hole, Greg Norman designed, PGA champion level golf course. It is plannedto be the first of five stunning resorts being developed by ACDL along the HoTram Strip.

"This is a landmark project not just for our company, but for the peopleof Vietnam," said Mike Aymong, Chairman of ACDL. "By creating partnershipswith world-class operators such as MGM MIRAGE, this burgeoning destination ispoised to transform Vietnam's tourist industry and designed to compete withintegrated resorts in neighboring China, Malaysia and Singapore. Our goal isto develop a five-star coastal paradise that attracts tourists year-round withits temperate climate, breath-taking views, and concentration of high-qualityresorts and entertainment."

"We are extremely pleased to welcome MGM MIRAGE, one of the world'sleading hospitality brands, to the Ho Tram Strip team," added David Subotic,CEO of Asian Coast Development Ltd. "MGM MIRAGE's involvement with the Ho TramStrip will add significant value for the shareholders of ACDL whilesolidifying the development's position as one of the most exciting new touristdestinations in South East Asia."

The Ho Tram Strip is centrally located in Southeast Asia and is beingmaster-planned by the renowned architectural firm Steelman Partners tohighlight the beauty of the natural surroundings and the unique culture of theVietnamese people.

About MGM MIRAGE:

MGM MIRAGE (NYSE: MGM), one of the world's leading and most respecteddevelopment companies with significant holdings in gaming, hospitality andentertainment, owns and operates 17 properties located in Nevada, Mississippiand Michigan, and has 50% investments in four other properties in Nevada, NewJersey, Illinois and Macau. MGM MIRAGE is developing major casino andnon-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 supportsresponsible gaming and has implemented the American Gaming Association's Codeof Conduct for Responsible Gaming at its properties. MGM MIRAGE has receivednumerous awards and recognitions for its industry-leading Diversity Initiativeand its community philanthropy programs. For more information about MGMMIRAGE, please visit the company's website at http://www.mgmmirage.com

About ACDL:

Asian Coast Development Canada Ltd. (ACDL) is an international developmentand real estate company specializing in integrated resort destinations. ACDLis the developer of the Ho Tram Strip, a group of integrated resorts to belocated on more than two kilometers of white-sand beach in southern Vietnam.With a focus on providing a personalized blend of relaxation and excitement,the Ho Tram Strip will feature something for everyone, from lavish Vegas-stylegaming rooms and theatres to acres of premium shopping and exceptionalrecreational facilities. Phase I of the development, scheduled to be open in2011, includes Vietnam's first Las Vegas-style gaming facility, an 1100-roomfive star MGM Grand hotel, and a championship golf course designed by GregNorman. For more information about ACDL, please visit the company's website athttp://www.asiancoastdevelopment.com

SOURCE MGM MIRAGE; Asian Coast Development Ltd.