MGM MIRAGE DEFINES MOMENTUM
BELLAGIO SPA TOWER 
The quintessential luxury
hotel is now even more
opulent. This expansion
includes 928 rooms and
suites, 80,000 square feet
of convention space, retail
outlets, and restaurants. 
TO OUR SHAREHOLDERS
rom its roots some 35 years ago with the opening
of the International Hotel, we have played a 
leading role in continuously redefining the Las
Vegas experience.
We announced two significant initiatives in 2004 that,
taken together, give your company unrivaled momentum 
to set industry standards for creativity, performance and
responsibility for decades to come. 
Defining Momentum for Las Vegas
Our merger agreement with Mandalay Resort Group
and our plans to develop Project CityCenter on the Las
Vegas Strip are among the most significant announcements
in Las Vegas history. As this fabled city begins its second
hundred years, MGM MIRAGE is positioned like no other
company to take advantage of unsurpassed growth oppor-
tunities in the most dynamic gaming and entertainment
market in the world.
Project CityCenter will uniquely re-position Las Vegas
like no other project before it. Far more than simply
another casino-hotel, Project CityCenter encompasses a
myriad of elements that will propel Las Vegas into a new
generation of urban sophistication.
While additional details of this extraordinary develop-
ment will come in the months ahead, I am pleased to tell
you that we have secured the services of the internationally
acclaimed architect Cesar Pelli to design our anchor resort
at the heart of Project CityCenter.
Cesar Pelli & Associates has worked with corporate,
government and private clients to design major public
spaces, museums, airports, research centers, performing arts
centers, academic buildings, hotels, office and residential
towers and mixed-use projects.
The work of Cesar Pelli is not constrained by a personal
style or a signature that would limit his architecture; instead,
it celebrates the unique characteristics of each project. Using
this approach, he has designed several exceptional buildings
in the United States and abroad. 
We are very excited about our partnership with Mr.
Pelli and his colleagues and believe they will deliver for
MGM MIRAGE and the residents of Southern Nevada 
a building of iconic stature around the world.
F
“Your company has undergone several defining moments throughout its history.”
J. TERRENCE LANNI Chairman & Chief Executive Officer
SHIBUYA MGM GRAND
Designed by superstar team
Yabu Pushelberg, Shibuya 
features stellar sushi and the
widest sake selection this
side of the Pacific, all served
in a sleek, airy ambiance.
CRAVINGS THE MIRAGE
The zenith of all-you-can-eat.
Designed by Adam Tihany, Cravings
boasts 11 cooking stations, a
street of unique restaurants, 
and an array of temptations in
what’s unquestionably the ultimate
buffet dining experience. 
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