MGM Resorts International – ‘SC 13E4/A’ on 8/6/99 re: MGM Resorts International – EX-99.(A)(11)

On:  Friday, 8/6/99   ·   Accession #:  944209-99-1271   ·   File #:  5-40054

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Amendment to Tender-Offer Statement — Issuer Tender Offer   —   Schedule 13E-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13E4/A   Amendment No. 1 to Schedule 13E-4/A                    4     16K 
 2: EX-99.(A)(10)  Press Release Dated July 26, 1999                   2      9K 
 3: EX-99.(A)(11)  Press Release Dated July 30, 1999                   2      8K 
 4: EX-99.(A)(12)  Press Release Dated August 5, 1999                  1      7K 
 5: EX-99.(G)(4)  Selected Text of Mgm Grand's 10-Q for 6/30/1999     16     87K 

EX-99.(A)(11)   —   Press Release Dated July 30, 1999

EX-99.(A)(11)
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                                                                 EXHIBIT (a)(11)

MGM Grand Announces Final Results of the Company's $50 Cash Tender Offer        

LAS VEGAS, July 30 /PRNewswire/ -- MGM Grand, Inc. (NYSE: MGG) today  
                                                 ---
announced the final results of the Company's tender offer to purchase 6,000,000 
shares at $50 per share, which expired Friday, July 23, 1999 at 5:00 P.M. EDT.  

     A total of 15,069,589 shares of the Company's common stock were tendered,of
which the Company has accepted 6,000,000 shares for payment. Included in the    
total amount of shares tendered were 1,513,591 shares delivered pursuant to     
guaranteed delivery procedures. The Company had received Notices of Guaranteed  
Delivery for approximately 1,762,000 shares. Since more shares were tendered    
than the 6,000,000 sought in the tender offer, those shares to be purchased are 
subject to proration. Based on the final count, the proration of shares to be   
purchased is approximately 39.6% of the shares tendered, excluding odd lot      
shares. Payment for the shares properly tendered and accepted will be made      
promptly.                                                                       

  As set forth in the Company's Offer to Purchase dated June 17, 1999, the
tender completes the 12,000,000 share repurchase program which was previously   
announced in June, 1998.                                                        

     MGM Grand, Inc. is an entertainment, hotel and gaming company headquartered
in Las Vegas, Nevada. MGM Grand, Inc. owns and operates: the MGM Grand Hotel and
Casino - The City of Entertainment and New York - New York Hotel and Casino in  
Las Vegas; Whiskey Pete's, Buffalo Bill's and the Primm Valley Resort in Primm, 
Nevada; the MGM Grand Detroit Casino in Detroit, Michigan; the MGM Grand Hotel  
and Casino in Darwin, Australia; manages casinos in Nelspruit, Witbank and      
Johannesburg, Republic of South Africa; and owns two championship golf courses  
at the California/Nevada border. MGM Grand is in the early stages of developing 
a permanent hotel and casino complex in Detroit, Michigan. The Company also has 
announced plans to develop a hotel and casino resort in Atlantic City, New      
Jersey.                                                                         

EX-99.(A)(11)
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Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" under the Private Securities   
Litigation Reform Act of 1995 that involve risks and/or uncertainties, including
risks and/or uncertainties as described in the Company's public filings with the
Securities and Exchange Commission.                                             

SOURCE  MGM Grand, Inc.                                                         

Company News On Call:                                                           
http://www.prnewswire.com/comp/000725.html or fax, 800-758-5804, ext. 000725    
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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13E4/A’ Filing		Date		First		Last			Other Filings
Filed on:		8/6/99
		7/23/99		1
		6/17/99		1					8-K,  SC 13E4
									List all Filings