text: In 2004, there were no material unusual property transactions. In 2003, we sold 315 
  acres of land in North Las Vegas, Nevada near Shadow Creek for approximately 
  $55 million, resulting in the $37 million gain reflected above. Prior to 2003, we 
  classified gains and losses on routine assets sales or disposals as a non-operating item at 
  some resorts and as an operating item at other resorts. We believe the preferable pres- 
  entation of these items is as an element of operating income. Prior period statements 
  have not been reclassified as such transactions were not material in periods prior to 
  2003. Until 2003, demolition costs were typically capitalized as part of new construc- 
  tion. We began expensing demolition costs on major construction projects as incurred 
  on January 1, 2003, and are accounting for this change in policy prospectively. 
  Demolition costs were not material in periods prior to 2003. Demolition costs in 
  2004 and 2003 related primarily to preparation for the Bellagio standard room 
  remodel, Bellagio expansion and new theatre at MGM Grand Las Vegas. Impairments 
  of assets to be disposed of in 2003 consisted primarily of assets related to the former 
  EFX! show and restaurants closed during 2003 at MGM Grand Las Vegas. 