text: In October 2002, we announced the suspension of our development activities on our 
  wholly-owned project on the Renaissance Pointe land in Atlantic City. We must 
  apply for and receive numerous governmental permits and satisfy other conditions 
  before construction of a new resort on the Renaissance Pointe site could begin. No 
  assurance can be given that we will develop a casino resort in New Jersey, or its 
  ultimate schedule, size, configuration or cost if we do develop a casino resort. 
  
  **Detroit, Michigan.**MGM Grand Detroit, LLC, in which we hold a controlling 
  interest, has operated an interim casino facility in Detroit, Michigan since July 1999. 
  In August 2002, the Detroit City Council approved revised development agreements 
  with us and two other developers. The revised development agreement released us and 
  the City from certain of the obligations under the original agreement and significantly 
  changed other provisions of the original agreement. We are currently in the process of 
  obtaining land and developing plans for the permanent facility. The design, budget 
  and schedule of the permanent facility are not finalized, and the ultimate timing, cost 
  and scope of the facility are subject to risks attendant to large-scale projects. 
  
  The ability to construct the permanent casino facility is currently subject to resolu- 
  tion of the Lac Vieux litigation. The 6th Circuit Court of Appeals has issued an 
  injunction prohibiting the City and the developers from commencing construction 
  pending further action of the 6th Circuit Court. Therefore, we do not know when 
  we will be able to commence construction of, or complete, the permanent facility. 