SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL STATEMENT INFORMATION:

As of December 31, 2011, substantially all of the Authority's outstanding debt, including its Bank Credit Facility, 2009 Second Lien Senior Secured Notes, 2005 Senior Unsecured Notes, 2002 Senior Subordinated Notes, 2004 Senior Subordinated Notes and 2005 Senior Subordinated Notes, is fully and unconditionally guaranteed, on a joint and several basis, by the following 100% owned subsidiaries of the Authority: the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming. The Authority's 2001 8³/8% Senior Subordinated Notes, which were repaid at maturity on July 1, 2011, were fully and unconditionally guaranteed by MBC. In September 2010, Mohegan Ventures, LLC, a subsidiary of the Tribe, surrendered its membership interest in WTG to MVW. Accordingly, MVW now holds 100% membership interest in WTG. Separate financial statements and other disclosures concerning the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming are not presented below because the Authority believes that the summarized financial information provided below and in Note 8 are adequate for investor analysis of these subsidiaries. Condensed consolidating financial statement information for the Authority, its guarantor subsidiaries and non-guarantor entities as of December 31, 2011 and September 30, 2011 and for the three months ended December 31, 2011 and 2010 is as follows (in thousands):

CONDENSED CONSOLIDATING BALANCE SHEETS



	December 31, 2011
	Authority		Total Guarantor Subsidiaries (1)		Total Non Guarantor Entities (2)		Consolidating/ Eliminating Adjustments			Consolidated
ASSETS
Property and equipment, net	$	1,259,623	$	244,162	$	19,951	$	—		$	1,523,736
Intercompany receivables	513,368		13,104		—		(526,472		)	—
Investment in subsidiaries	72,946		2,064		—		(75,010		)	—
Other intangible assets, net	120,708		285,527		—		—			406,235
Other assets, net	149,638		73,774		27,550		—			250,962
Total assets	$	2,116,283	$	618,631	$	47,501	$	(601,482	)	$	2,180,933
LIABILITIES AND CAPITAL
Current liabilities	$	986,005	$	32,630	$	18,940	$	—		$	1,037,575
Due to Mohegan Tribe	—		—		11,250		—			11,250
Long-term debt and capital leases, net of current portions	823,832		—		—		—			823,832
Relinquishment liability, net of current portion	98,964		—		—		—			98,964
Intercompany payables	—		513,369		13,103		(526,472		)	—
Other long-term liabilities	2,762		—		—		—			2,762
Total liabilities	1,911,563		545,999		43,293		(526,472		)	1,974,383
Mohegan Tribal Gaming Authority capital	204,720		72,632		4,208		(77,156		)	204,404
Non-controlling interests	—		—		—		2,146			2,146
Total liabilities and capital	$	2,116,283	$	618,631	$	47,501	$	(601,482	)	$	2,180,933

___________

(1) Includes the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.

(2) Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.



	September 30, 2011
	Authority		Total Guarantor Subsidiaries (1)		Total Non Guarantor Entities (2)		Consolidating/ Eliminating Adjustments			Consolidated
ASSETS
Property and equipment, net	$	1,263,876	$	245,768	$	19,951	$	—		$	1,529,595
Intercompany receivables	509,799		12,909		—		(522,708		)	—
Investment in subsidiaries	77,028		2,233		—		(79,261		)	—
Other intangible assets, net	120,737		285,601		—		—			406,338
Other assets, net	168,178		71,951		27,134		—			267,263
Total assets	$	2,139,618	$	618,462	$	47,085	$	(601,969	)	$	2,203,196
LIABILITIES AND CAPITAL
Current liabilities	$	1,006,018	$	31,950	$	18,773	$	—		$	1,056,741
Due to Mohegan Tribe	—		—		10,850		—			10,850
Long-term debt and capital leases, net of current portions	823,951		—		—		—			823,951
Relinquishment liability, net of current portion	110,348		—		—		—			110,348
Intercompany payables	—		509,799		12,909		(522,708		)	—
Other long-term liabilities	2,582		—		—		—			2,582
Total liabilities	1,942,899		541,749		42,532		(522,708		)	2,004,472
Mohegan Tribal Gaming Authority capital	196,719		76,713		4,553		(81,582		)	196,403
Non-controlling interests	—		—		—		2,321			2,321
Total liabilities and capital	$	2,139,618	$	618,462	$	47,085	$	(601,969	)	$	2,203,196

___________


(1)	Includes the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.


(2)	Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME



	For the Three Months Ended December 31, 2011
	Authority			Total Guarantor Subsidiaries (1)			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net revenues	$	273,781		$	78,096		$	—		$	(1	)	$	351,876
Operating costs and expenses:
Gaming and other operations	167,132			56,583			—			(1		)	223,714
Advertising, general and administrative	44,803			8,012			676			—			53,491
Depreciation and amortization	16,886			4,017			—			—			20,903
(Gain) loss on disposition of assets	(21		)	279			—			—			258
Total operating costs and expenses	228,800			68,891			676			(1		)	298,366
Income (loss) from operations	44,981			9,205			(676		)	—			53,510
Accretion of discount to the relinquishment liability	(2,062		)	—			—			—			(2,062		)
Interest expense	(14,507		)	(13,737		)	(736		)	171			(28,809		)
Loss on interests in subsidiaries	(4,671		)	(316		)	—			4,987			—
Other income, net	261			177			767			(171		)	1,034
Net income (loss)	24,002			(4,671		)	(645		)	4,987			23,673
Loss attributable to non-controlling interests	—			—			—			329			329
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	24,002		$	(4,671	)	$	(645	)	$	5,316		$	24,002

___________


(1)	Includes the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.


(2)	Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.



	For the Three Months Ended December 31, 2010
	Authority			MBC 100% Owned Guarantor Subsidiary			Other 100% Owned Guarantor Subsidiaries (1)			Total Guarantor Subsidiaries			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net revenues	$	263,821		$	10		$	71,775		$	71,785		$	—		$	(1	)	$	335,605
Operating costs and expenses:
Gaming and other operations	160,061			324			52,371			52,695			—			(1		)	212,755
Advertising, general and administrative	45,843			186			7,888			8,074			913			—			54,830
Depreciation and amortization	17,758			47			5,410			5,457			—			—			23,215
Severance	521			—			—			—			—			—			521
Total operating costs and expenses	224,183			557			65,669			66,226			913			(1		)	291,321
Income (loss) from operations	39,638			(547		)	6,106			5,559			(913		)	—			44,284
Accretion of discount to the relinquishment liability	(2,842		)	—			—			—			—			—			(2,842		)
Interest expense	(15,684		)	(5		)	(13,526		)	(13,531		)	(693		)	162			(29,746		)
Loss on interests in subsidiaries	(8,234		)	—			(432		)	(432		)	—			8,666			—
Other income, net	52			—			170			170			725			(162		)	785
Net income (loss)	12,930			(552		)	(7,682		)	(8,234		)	(881		)	8,666			12,481
Loss attributable to non-controlling interests	—			—			—			—			—			449			449
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	12,930		$	(552	)	$	(7,682	)	$	(8,234	)	$	(881	)	$	9,115		$	12,930

___________


(1)	Includes the Pennsylvania Entities, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.


(2)	Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	For the Three Months Ended December 31, 2011
	Authority			Total Guarantor Subsidiaries (1)			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net cash flows provided by (used in) operating activities	$	31,434		$	16,631		$	(584	)	$	—		$	47,481
Cash flows provided by (used in) investing activities:
Purchases of property and equipment	(16,060		)	(2,654		)	—			—			(18,714		)
Other cash flows provided by (used in) investing activities	10,060			(627		)	(173		)	(9,943		)	(683		)
Net cash flows used in investing activities	(6,000		)	(3,281		)	(173		)	(9,943		)	(19,397		)
Cash flows provided by (used in) financing activities:
Bank Credit Facility borrowings—revolving loan	67,000			—			—			—			67,000
Bank Credit Facility repayments—revolving loan	(97,000		)	—			—			—			(97,000		)
Line of Credit borrowings	139,827			—			—			—			139,827
Line of Credit repayments	(132,726		)	—			—			—			(132,726		)
Principal portion of relinquishment liability payments	(5,909		)	—			—			—			(5,909		)
Distributions to Mohegan Tribe	(17,969		)	—			—			—			(17,969		)
Other cash flows provided by (used in) financing activities	(2,489		)	(9,918		)	725			9,943			(1,739		)
Net cash flows provided by (used in) financing activities	(49,266		)	(9,918		)	725			9,943			(48,516		)
Net increase (decrease) in cash and cash equivalents	(23,832		)	3,432			(32		)	—			(20,432		)
Cash and cash equivalents at beginning of period	89,018			22,931			225			—			112,174
Cash and cash equivalents at end of period	$	65,186		$	26,363		$	193		$	—		$	91,742

___________


(1)	Includes the Pennsylvania Entities, MBC, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.


(2)	Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.



	For the Three Months Ended December 31, 2010
	Authority			MBC 100% Owned Guarantor Subsidiary			Other 100% Owned Guarantor Subsidiaries (1)			Total Guarantor Subsidiaries			Total Non Guarantor Entities (2)			Consolidating/Eliminating Adjustments			Consolidated
Net cash flows provided by (used in) operating activities	$	25,381		$	(225	)	$	12,572		$	12,347		$	(2,803	)	$	—		$	34,925
Cash flows provided by (used in) investing activities:
Purchases of property and equipment	(9,729		)	—			(6,128		)	(6,128		)	—			—			(15,857		)
Other cash flows provided by (used in) investing activities	2,667			—			(1,370		)	(1,370		)	(196		)	(2,561		)	(1,460		)
Net cash flows used in investing activities	(7,062		)	—			(7,498		)	(7,498		)	(196		)	(2,561		)	(17,317		)
Cash flows provided by (used in) financing activities:
Bank Credit Facility borrowings - revolving loan	96,000			—			—			—			—			—			96,000
Bank Credit Facility repayments - revolving loan	(80,000		)	—			—			—			—			—			(80,000		)
Line of Credit borrowings	137,784			—			—			—			—			—			137,784
Line of Credit repayments	(134,455		)	—			—			—			—			—			(134,455		)
Principal portion of relinquishment liability payments	(5,544		)	—			—			—			—			—			(5,544		)
Distributions to Mohegan Tribe	(4,507		)	—			—			—			—			—			(4,507		)
Other cash flows provided by (used in) financing activities	(1,448		)	261			(2,810		)	(2,549		)	2,804			2,561			1,368
Net cash flows provided by (used in) financing activities	7,830			261			(2,810		)	(2,549		)	2,804			2,561			10,646
Net increase (decrease) in cash and cash equivalents	26,149			36			2,264			2,300			(195		)	—			28,254
Cash and cash equivalents at beginning of period	39,146			(49		)	24,366			24,317			434			—			63,897
Cash and cash equivalents at end of period	$	65,295		$	(13	)	$	26,630		$	26,617		$	239		$	—		$	92,151

___________


(1)	Includes the Pennsylvania Entities, Mohegan Golf, MCV-PA, Mohegan Ventures-NW, MVW, WTG and MTGA Gaming.


(2)	Includes Salishan-Mohegan, MG&H and Mohegan Resorts and subsidiaries.