EXHIBIT 21 MGM GRAND, INC. LIST OF SUBSIDIARIES DECEMBER 31, 1996 STATE OF NAME INCORPORATION -------------------------- ------------- PARENT: MGM Grand, Inc. Delaware SUBSIDIARIES: MGM Grand Hotel, Inc. Nevada MGM Grand Hotel Finance Corp. Nevada Destron, Inc. Nevada MGM Grand Australia Pty, Ltd. Australia MGM Grand Merchandising, Inc. Nevada MGM Grand Development, Inc. Nevada MGM Grand Atlantic City, Inc. New Jersey