Reports of Independent Registered Public Accounting Firm 41
To the Board of Directors and Stockholders of MGM MIRAGE
We have audited the accompanying consolidated balance sheets of MGM MIRAGE (a Delaware corporation) and subsidiaries (the “Comp any”) as of December 31, 2004 and
2003, and the related consolidated statements of income, stockholders’ equity, and cash flows for each of the three years in the period ended December 31, 2004. These 
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Thos e standards require that we plan and 
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An a udit includes examining, on a test basis, 
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting pr inciples used and significant estimates made 
by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasona ble basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2004 and 2003, and
the results of its operations and its cash flows for each of the three years in the period ended December 31, 2004, in conformi ty with accounting principles generally accepted
in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the ef fectiveness of the Company’s internal 
control over financial reporting as of December 31, 2004, based on the criteria established in Internal Control—Integrated Fram ework issued by the Committee of Sponsoring
Organizations of the T readway Commission and our report dated March 10, 2005 expressed an unqualified opinion on management’s assessment of the effectiveness of the
Company’s internal control over financial reporting and an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
Las Vegas, Nevada
March 10, 2005