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              [html]<thead><tr><td>At December 31 ( In thousands )</td><td>2004</td><td>2003</td></tr></thead><tbody><tr><td>Victoria Partners – Monte Carlo ( 50 %)</td><td>$</td><td>424.683</td></tr><tr><td>$ 420.853</td><td>Marina District Development Company – Borgata ( 50 %)......</td><td>405.322</td></tr><tr><td>335.159</td><td>MGM Grand Newcastle ( Holdings ) Ltd. ( 50 %)</td><td>9.633</td></tr><tr><td>—</td><td>MGM Grand Paradise Limited – Macau ( 50 %).</td><td>3.002</td></tr></tbody>
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