he Mandalay merger will create a powerful 
combination of assets and people positioned 
to compete far more strongly than either 
company individually.
With ever-increasing competition from tribal 
gaming in California as well as the continuing growth 
of gaming across the country and abroad, we are 
positioned to grow through improved performance at
existing properties and development of strategic real
estate obtained in the merger.
MGM MIRAGE and Mandalay combined will
create an unmatched collection of the world’s most
famous resorts in the gaming, entertainment and travel
markets. Customers will benefit from choices in all
market segments. Lastly, of significance in determin-
ing the value of this transaction for shareholders, the
merger with Mandalay will be immediately accretive.
Extraordinary choices for our customers, unrivaled
opportunities for our employees and outstanding returns
for our shareholders all add up to make the merger with
Mandalay a defining moment in company history.
T
WISELY