The temporary casino, located within the Sundome in Johannesburg, includes 1,700 slots and 50 table games. Planning for the permanent casino in Johannesburg is underway with an anticipated 30-month construction period. The permanent resort facility will be designed with an Italian/Mediterranean theme incorporating a casino with approximately 2,000 slot machines and 75 table games. The permanent complex is planned to include extensive non-gaming amenities including a hotel, restaurants, a variety of entertainment facilities, retail and adjacent residential and business components.

"The Johannesburg casino represents a strong additional source of earnings for MGM Grand as the Company continues to diversify its operations," said J. Terrence Lanni, Chairman and Chief Executive Officer of MGM Grand, Inc.

"Such management and development contracts provide high margin revenues at no financial risk to the Company, and we are exploring other such management opportunities around the world," said Alex Yemenidjian, President and Chief Operating Officer of MGM Grand, Inc.

The temporary casino in Johannesburg represents the third gaming facility in South Africa to be managed by the Company, on behalf of the Company's partner in South Africa, Tsogo Sun Gaming Entertainment. The Nelspruit temporary casino, which opened October 1997, has 275 slots and 10 table games. The Witbank temporary casino, which opened March 1998, has 375 slots and 13 table games. Bids for additional licenses have been submitted in Pietersburg, Capetown and Durban. It is anticipated that further bids will be submitted by the Company and its partners for casino licenses throughout the remaining provinces of the Republic of South Africa. Tsogo Sun will provide all project costs, and MGM Grand, Inc. will earn fees for the development and management of the casino.

MGM Grand, Inc. is an entertainment, hotel and gaming company with headquarters in Las Vegas, Nevada. The Company operates MGM Grand Hotel/Casino in Las Vegas, the MGM Grand Hotel/Casino in Darwin, Australia and owns a 50% interest in the New York-New York Hotel/Casino in Las Vegas, Nevada. MGM Grand plans to develop a temporary casino in Detroit, Michigan, which is anticipated to open in mid-1999, followed by the permanent hotel/casino resort thereafter. The company also has announced plans to develop a hotel/casino resort in Atlantic City, New Jersey.

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 described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1997.