MGM MIRAGE and Newcastle United PLC Announce Joint Venture Agreement New Mixed-Use Development to be Built Alongside Football Stadium

    LAS VEGAS, Nov. 19 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE:   MGG), the
 most respected U.S. based hotel and gaming company, and Newcastle United PLC
 today announced a 50:50 joint venture agreement to build a major new mixed-use
 development on a prime site above St. James' Metro Station, which is in the
 heart of Newcastle's city centre and adjacent to Newcastle United's football
     Newcastle United is one of the leading English Premier League (Soccer)
 clubs, finishing 3rd and 4th in the Premier League in the past two seasons.
     The site will be used to build an exciting new complex, which could house
 commercial and retail outlets, residential apartments, a hotel, leisure and
 entertainment facilities and a Las Vegas style casino of approximately 100,000
 square feet.  The complex, completion of which is contingent upon timely
 implementation of proposed gaming law reforms and obtaining required planning
 approvals, is expected to become a major new landmark for the city.
     The 50:50 joint venture involves Newcastle United PLC providing the land
 and MGM MIRAGE an equity investment together with its unrivalled knowledge and
 experience in the gaming and leisure industries to lead the development and
 management of the new complex.  The casino would be owned and operated by MGM
 MIRAGE in facilities leased from the joint venture.
     Commenting on the announcement, Terry Lanni, Chairman and CEO of MGM
 MIRAGE, said:  "We have ambitious plans for the UK -- deregulation and
 taxation levels permitting -- and we are looking at other opportunities across
 the country to develop casino facilities of varying sizes, including, where
 market conditions warrant, large scale hotel/casino destination resorts.  Our
 proposed joint venture with Newcastle United, adjacent to its football
 stadium, has considerable promise and will contribute to the many positive
 developments already taking place in the City."
     Freddy Shepherd, Chairman of Newcastle United, said:  "This is a very
 exciting opportunity for Newcastle, its people and for Newcastle United
 Football Club.  Situated alongside St. James' Park, we hope that the
 development will become a focal point for the city of Newcastle, and create a
 vibrant mixed-use development at the heart of the city. We are delighted to be
 playing a leading role in the transformation of Newcastle into a city that the
 people of the North East can be proud of. "
     Lloyd C. Nathan, Managing Director of MGM MIRAGE Development, Europe,
 added:  "Through our research, we have been very impressed by the developments
 that have taken place in Newcastle over the last decade and we are excited at
 the prospect of contributing to this further.  The joint venture complex
 promises to create a number of significant new opportunities for Newcastle
 from jobs to leisure activities, as well as tourist attractions.  We look
 forward to working with the City's people and representatives as the project
 moves forward and to creating a dynamic entertainment and leisure complex."
     Information on MGM MIRAGE
     MGM MIRAGE (NYSE:   MGG), one of the world's leading and most respected
 hotel and gaming companies, owns and operates 14 casino resorts located in
 Nevada, Mississippi, Michigan and Australia, and has investments in two other
 casino resorts in Nevada and New Jersey.
     The company is headquartered in Las Vegas, Nevada, and offers an unmatched
 collection of casino resorts with a limitless range of choices for guests.
 Guest satisfaction is paramount, and the company has approximately 43,000
 employees committed to that result. Its portfolio of brands include AAA Five
 Diamond award-winner Bellagio, MGM Grand Las Vegas -- The City of
 Entertainment, The Mirage, Treasure Island, New York -- New York, Boardwalk
 Hotel and Casino and 50 percent of Monte Carlo, all located on the Las Vegas
 Strip; Whiskey Pete's, Buffalo Bill's, Primm Valley Resort and two
 championship golf courses at the California/Nevada state line; the exclusive
 Shadow Creek golf course in North Las Vegas; Beau Rivage on the Mississippi
 Gulf Coast; and MGM Grand Detroit Casino in Detroit, Michigan.
     The Company has entered an agreement to sell Golden Nugget Las Vegas and
 Golden Nugget Laughlin pending finalization. The Company is also a 50-percent
 owner of Borgata, a destination casino resort at Renaissance Pointe in
 Atlantic City, New Jersey. Internationally, MGM MIRAGE owns and operates MGM
 Grand Australia in Darwin, Australia, and holds a 25 percent interest in
 casino developer Metro Casinos Limited of Great Britain.
     For more information about MGM MIRAGE, please visit the company's website
 at .
     Information on Newcastle United Football Club
     Newcastle United PLC is the holding company for Newcastle United Football
 Club, which was formed in 1892. Newcastle United is one of the leading English
 Premier League clubs, finishing 3rd and 4th in the Premier League in the past
 two seasons and having qualified for European competitions in seven out of the
 last ten seasons. The Club's home is St. James' Park, which has recently been
 extended and, with a capacity of over 52,000, is the second largest football
 stadium in the Premier League.
     Newcastle United PLC recently reported record financial results with
 turnover of 96.4 million pounds sterling up 36 per cent. and operating profit
 before player trading and amortisation up 80 per cent. to 27.6 million pounds
 sterling in the year ended 31 July 2003.
     Statements in this release which are not historical facts are "forward
 looking" statements and "safe harbour 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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