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William Velardo Named President and COO of the MGM MIRAGE/Kerzner
Multi-billion dollar Integrated Resort Property on the Las Vegas Strip

LAS VEGAS and PARADISE ISLAND, Bahamas, Nov. 16, 2007 - -- MGM MIRAGE (NYSE: MGM) and Kerzner International Holdings Limited ("Kerzner" or "Kerzner International") announced today that the companies have appointed William Velardo as President and Chief Operating Officer of their 50/50 joint venture to develop a multi-billion dollar integrated resort property on the Las Vegas Strip. 

Velardo, who most recently led the Fontainebleau Las Vegas as President and COO, is a 30 year veteran in the casino business, having gained industry accolades in his role as President and CEO of the Mohegan Tribal Gaming Authority, one of the most profitable casinos in North America. He will be based in Las Vegas and report directly to the Board of the joint venture.

Sol Kerzner, Chairman and CEO of Kerzner International, observed: "I have known Bill for many years and am confident we've chosen the best leader for what we believe will become one of the most extraordinary projects in Las Vegas. When we opened the doors of The Mohegan Sun, back in 1996, Bill's talent and leadership led to unprecedented response from guests and players. Thus began many years of incredible success and an industry model that many still follow today. Bill is a true pro."
"We are very happy to have Bill Velardo on our team as we develop what we believe will be one of the most exciting projects on the strip come 2012," said Terry Lanni, Chairman and CEO of MGM MIRAGE. "Bill's reputation for successful development and operations of casinos from Las Vegas to Connecticut to Atlantic City, gives us great confidence that his oversight on this project will yield tremendous results and growth for the joint venture."
Velardo began his gaming career as Vice President for Table Game Operations at Mirage Resorts in 1989 followed by tenure as Senior Vice President of Casino Operations and then President and Chief Operating Officer for Trump Plaza in Atlantic City, New Jersey from 1991-1994. He served as General Manager for the River City Joint Venture in New Orleans before serving as President at the Mohegan Tribal Gaming Authority for ten years, where he remained until 2006.
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 investments in three other properties in Nevada, New Jersey and Illinois. MGM MIRAGE is the largest landholder on the Las Vegas Strip, with significant undeveloped landholdings in both Las Vegas and Atlantic City.
KERZNER INTERNATIONAL HOLDINGS LIMITED, through its subsidiaries, is a leading international developer and operator of destination resorts, casinos and luxury hotels. Kerzner's flagship brand is Atlantis, which includes Atlantis, Paradise Island, a 3,700-room ocean-themed destination resort in The Bahamas.
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.



Also See: William J. Velardo Resigns as Chief Executive of the Mohegan Tribal Gaming Authority; Led Mohegan Sun to a billion dollar Corporation / May 2006


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