UBS & Deutsche Bank Gaming Investment Forum September 29, 2014 Dan D’Arrigo Executive Vice President, CFO & Treasurer LAS VEGAS MARKET OVERVIEW (YTD August 2014)

Strip Visitation +4% GGR +2% Convention Attendance +4% McCarran Passengers +2% International Passengers +12% MGM RESORTS WHOLLY OWNED STRIP OVERVIEW (YTD June 30, 2014)

Improving Operating Results: Net Revenue +8% Yoy Revpar +10% Yoy EBITDA +14% Yoy Strong Convention Calendar Investing For Future Growth

Park / Plaza / Entertainment Zone

MACAU MARKET OVERVIEW (YTD August 2014) Visitation +8% GGR +8% VIP -2% Mass Table +30% Slots +7% Penetration Remains Low: Mass Market Represents 0.17% Of GDP Vs U.S. Mass Market 0.41% Of GDP Visitation To Macau Represents Approximately 2% Of China’s Urban Population Vs. 13% Of The U.S. Visiting Las Vegas MGM CHINA OVERVIEW (YTD June 30, 2014)

Improving Profitability: Net Revenue +12% EBITDA +17% Mass Contribution >75% Of EBITDA Continuing To Outperform The Market MGM MASS GROWTH OUTPERFORMED MARKET

50% Mass Table Games Win Growth yoy% 44.5% 41.1% 40.0% 39.7%

37% 33.5%

29.0%

23%

17.7% 14.4%

MGM Market MGM Market MGM Market MGM Market 10% 2014 Q1 2014 Q2 2014 July 2014 August Source: Company data & market data MGM MASS TABLE YIELD OUTPERFORMED MARKET

USD Mass Table Games Win per Unit per Day 20K First Half 2014 18K 17K 16K 15K

13K 12K

11K 9K

6K

MGM Macau Wynn Macau Galaxy Macau Venetian Macao Source: Company data & market data Sands Central ABILITY TO IMPROVE YIELD WITH LIMITED CAPACITY

MGM Macau Mass Table Games Win per Unit per Day USD 18K 18K

% 14K 13K CAGR +42 10K 9K 7K 5K 5K

0K 2010 2011 2012 2013 2014 1H

Source: Company data MGM MACAU REINVENTION

Gaming Supreme Gaming Lounge Upgrade & Expansion Mass Gaming Floor Complete Redesign VIP Gaming Area Level Two Redesign

Hospitality Retail Space Expansion F&B New Concepts & Upgrades Hotel Room Refurbishment

MGM COTAI CONSTRUCTION STATUS MGM COTAI CONSTRUCTION STATUS MGM COTAI - MANSION ADDITIONAL DEVELOPMENT OPPORTUNITIES

MGM National Harbor MGM Springfield International Gaming Japan South Korea Online Gaming MGM NATIONAL HARBOR MGM SPRINGFIELD MGM JAPAN

Osaka MGM JAPAN

Osaka SAFE HARBOR Cautionary Statement Concerning Forward-Looking Statements: Statements In This Presentation That Are Not Historical Facts Are Forward-Looking Statements, Within The Meaning Of The Private Securities Litigation Reform Act Of 1995 And Involve Risks And/Or Uncertainties, Including Those Described In The Company’s Public Filings With The Securities And Exchange Commission. The Company Has Based Forward-Looking Statements On Management’s Current Expectations And Assumptions And Not On Historical Facts. Examples Of These Statements Include, But Are Not Limited To, Statements Regarding Our Development Projects. Among The Important Factors That Could Cause Actual Results To Differ Materially From Those Indicated In Such Forward-Looking Statements Include Effects Of Economic Conditions And Market Conditions In The Markets In Which The Company Operates And Competition With Other Destination Travel Locations Throughout The United States And The World, The Design, Timing And Costs Of Expansion Projects, Risks Relating To International Operations, Permits, Licenses, Financings, Approvals And Other Contingencies In Connection With Growth In New Or Existing Jurisdictions And Additional Risks And Uncertainties Described In The Company’s Form 10-K, Form 10-Q And Form 8-K Reports (Including All Amendments To Those Reports). In Providing Forward-Looking Statements, The Company Is Not Undertaking Any Duty Or Obligation To Update These Statements Publicly As A Result Of New Information, Future Events Or Otherwise, Except As Required By Law. If The Company Updates One Or More Forward-Looking Statements, No Inference Should Be Drawn That It Will Make Additional Updates With Respect To Those Other Forward-Looking Statements.

Non-Gaap Financial Measures: The Financial Information Included In This Presentation Includes Non-Gaap Financial Measures. The Company’s Management Uses Non-Gaap Financial Measures To Evaluate The Company’s Performance And Provides Them To Investors As A Supplement To The Company’s Reported Results, As They Believe This Information Provides Additional Insight Into The Company’s Operating Performance By Disregarding Certain Non-Recurring Items. Reconciliations Can Be Found In The Financial Schedules Accompanying The Company’s Earnings Releases.