Peebles-Led Team Launches Website Detailing Vision for Aqueduct Racetrack

24 June 2009

Peebles-led team unveils www.TheAqueductCasino.com, an informative website unveiling their vision for development at Aqueduct Racetrack

MIAMI, June 23 /PRNewswire/ -- R. Donahue Peebles, the largest African American real estate developer in the country, today unveiled www.TheAqueductCasino.com as an informative online resource further detailing the team's bold vision for economic development of the Aqueduct Racetrack in Queens, New York.

The website highlights Peebles' proposed Aqueduct project that would feature an MGM Grand gaming and entertainment venue with 4,500 Video Lottery Terminals, multiple fine-dining options and entertainment lounges; as well as the extensive benefits to be generated for the surrounding Queens community, New York State and the horseracing industry.

"We have received an incredible amount of interest from the community about our team's bid for a gaming and mixed-used development at Aqueduct. A website was the most accessible way to communicate our vision for creating an MGM Grand facility which will emerge as one of the most vibrant gaming and entertainment destinations on the East Coast," said Don Peebles. "Our team has extensive experience in developing entertainment destinations, an intricate knowledge of public/private partnerships and a dedication to fostering growth of local and diverse businesses. This is one simple step in giving the community a sense of who we are and what we are thinking."

At www.TheAqueductCasino.com, visitors can view project renderings, obtain listings of the economic and community benefits as well as communicate with the Peebles-led team to obtain information.

About Peebles

Recognized as one of the most successful entrepreneurs in the nation, R. Donahue Peebles is the President and CEO of The Peebles Corporation. The firm has a $4 billion development portfolio of projects completed, underway and planned across the US in cities such as Washington, D.C., Miami Beach, San Francisco and Las Vegas. It is widely regarded as the country's largest African-American real estate development company. In June of 2009, Mr. Peebles was named by Forbes as one of the country's ten richest African Americans.

An active developer for nearly 25 years, Mr. Peebles has been a visionary in contributing to the economic revitalization of Washington, D.C. and Miami Beach, Florida before it became popular. He and his firm focus on urban revitalization, mixed-use development and public-private partnerships. He has a track record of working with community groups and government organizations to successfully complete large-scale projects.

Mr. Peebles appears regularly on CNN, CNBC and FOX to advise on real estate, economic and political issues. He has been featured in publications like The New York Times, The Washington Post, The Wall Street Journal, Black Enterprise, Ebony and Forbes. Mr. Peebles is also the top selling author of The Peebles Principles and The Peebles Path to Real Estate Wealth. For more information about R. Donahue Peebles and his company, please visit http://www.peeblescorp.com.

About MGM MIRAGE

MGM MIRAGE, one of the world's leading and most respected companies with significant holdings in gaming, hospitality and entertainment, owns and operates 16 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, New Jersey, Illinois and Macau. CityCenter, an unprecedented urban metropolis on the Las Vegas Strip scheduled to open in late 2009, is a joint venture between MGM MIRAGE and Infinity World Development Corp, a subsidiary of Dubai World. MGM MIRAGE Hospitality has entered into management agreements for future casino and non-casino resorts in the People's Republic of China, Abu Dhabi, U.A.E. and Vietnam. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE has received numerous awards and recognitions for its industry-leading Diversity Initiative and its community philanthropy programs. For more information, visit www.mgmmirage.com.

    Press Contact:    Kendall Pryles    kpryles@peeblescorp.com

SOURCE The Peebles Corporation

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