SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL STATEMENT INFORMATION:

As of June 30, 2012, substantially all of the Authority's outstanding debt 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. 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 7 are adequate for investor analysis of these subsidiaries. Condensed consolidating financial statement information for the Authority, its 100% owned guarantor subsidiaries and its non-guarantor entities as of June 30, 2012 and September 30, 2011 and for the three months and nine months ended June 30, 2012 and 2011 is as follows (in thousands):

CONDENSED CONSOLIDATING BALANCE SHEETS



	June 30, 2012
	Authority		Total Guarantor Subsidiaries (1)		Total Non Guarantor Entities (2)		Consolidating/ Eliminating Adjustments			Consolidated
ASSETS
Property and equipment, net	$	1,244,915	$	236,750	$	19,951	$	—		$	1,501,616
Intercompany receivables	518,639		10,541		—		(529,180		)	—
Investment in subsidiaries	56,512		1,400		—		(57,912		)	—
Other intangible assets, net	120,650		285,380		—		—			406,030
Other assets, net	215,053		74,869		29,155		—			319,077
Total assets	$	2,155,769	$	608,940	$	49,106	$	(587,092	)	$	2,226,723
LIABILITIES AND CAPITAL
Current liabilities	$	262,055	$	34,103	$	4,262	$	—		$	300,420
Due to Mohegan Tribe	—		—		31,450		—			31,450
Long-term debt and capital leases, net of current portions	1,608,647		—		—		—			1,608,647
Relinquishment liability, net of current portion	75,671		—		—		—			75,671
Intercompany payables	—		518,639		10,541		(529,180		)	—
Other long-term liabilities	2,704		—		—		—			2,704
Total liabilities	1,949,077		552,742		46,253		(529,180		)	2,018,892
Mohegan Tribal Gaming Authority capital	206,692		56,198		2,853		(59,367		)	206,376
Non-controlling interests	—		—		—		1,455			1,455
Total liabilities and capital	$	2,155,769	$	608,940	$	49,106	$	(587,092	)	$	2,226,723

___________

(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 June 30, 2012
	Authority			Total Guarantor Subsidiaries (1)			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net revenues	$	263,090		$	82,271		$	—		$	(925	)	$	344,436
Operating costs and expenses:
Gaming and other operations	160,866			58,554			—			(925		)	218,495
Advertising, general and administrative	43,189			8,823			1,369			—			53,381
Depreciation and amortization	17,384			4,309			—			—			21,693
Loss on disposition of assets	18			13			—			—			31
Total operating costs and expenses	221,457			71,699			1,369			(925		)	293,600
Income (loss) from operations	41,633			10,572			(1,369		)	—			50,836
Accretion of discount to the relinquishment liability	(2,062		)	—			—			—			(2,062		)
Interest expense	(20,775		)	(19,974		)	(977		)	145			(41,581		)
Loss on early exchange of debt	(17		)	—			—			—			(17		)
Loss on interests in subsidiaries	(9,451		)	(226		)	—			9,677			—
Other income, net	33			177			1,784			(145		)	1,849
Net income (loss)	9,361			(9,451		)	(562		)	9,677			9,025
Loss attributable to non-controlling interests	—			—			—			336			336
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	9,361		$	(9,451	)	$	(562	)	$	10,013		$	9,361

___________


(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 June 30, 2011
	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	$	283,576		$	1,263		$	77,090		$	78,353		$	—		$	(550	)	$	361,379
Operating costs and expenses:
Gaming and other operations	164,553			895			56,940			57,835			—			(550		)	221,838
Advertising, general and administrative	47,996			552			7,444			7,996			842			—			56,834
Depreciation and amortization	17,264			47			5,310			5,357			—			—			22,621
Severance	(11		)	—			—			—			—			—			(11		)
Total operating costs and expenses	229,802			1,494			69,694			71,188			842			(550		)	301,282
Income (loss) from operations	53,774			(231		)	7,396			7,165			(842		)	—			60,097
Accretion of discount to the relinquishment liability	(2,842		)	—			—			—			—			—			(2,842		)
Interest expense	(15,017		)	—			(13,805		)	(13,805		)	(722		)	166			(29,378		)
Loss on interests in subsidiaries	(6,896		)	—			(462		)	(462		)	—			7,358			—
Other income, net	127			—			206			206			616			(166		)	783
Net income (loss)	29,146			(231		)	(6,665		)	(6,896		)	(948		)	7,358			28,660
Loss attributable to non-controlling interests	—			—			—			—			—			486			486
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	29,146		$	(231	)	$	(6,665	)	$	(6,896	)	$	(948	)	$	7,844		$	29,146

___________


(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.



	For the Nine Months Ended June 30, 2012
	Authority			Total Guarantor Subsidiaries (1)			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net revenues	$	809,936		$	238,457		$	—		$	(927	)	$	1,047,466
Operating costs and expenses:
Gaming and other operations	485,354			171,467			—			(927		)	655,894
Advertising, general and administrative	132,123			24,761			2,955			—			159,839
Depreciation and amortization	51,335			12,742			—			—			64,077
Loss on disposition of assets	36			284			—			—			320
Total operating costs and expenses	668,848			209,254			2,955			(927		)	880,130
Income (loss) from operations	141,088			29,203			(2,955		)	—			167,336
Accretion of discount to the relinquishment liability	(6,186		)	—			—			—			(6,186		)
Interest expense	(51,767		)	(49,379		)	(2,480		)	579			(103,047		)
Loss on early exchange of debt	(14,323		)	—			—			—			(14,323		)
Loss on interests in subsidiaries	(20,640		)	(1,103		)	—			21,743			—
Other income, net	283			639			3,185			(579		)	3,528
Net income (loss)	48,455			(20,640		)	(2,250		)	21,743			47,308
Loss attributable to non-controlling interests	—			—			—			1,147			1,147
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	48,455		$	(20,640	)	$	(2,250	)	$	22,890		$	48,455

___________


(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 Nine Months Ended June 30, 2011
	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	$	821,562		$	1,275		$	222,644		$	223,919		$	—		$	(553	)	$	1,044,928
Operating costs and expenses:
Gaming and other operations	487,172			1,616			163,026			164,642			—			(553		)	651,261
Advertising, general and administrative	137,387			950			22,639			23,589			2,587			—			163,563
Depreciation and amortization	52,243			142			16,066			16,208			—			—			68,451
Severance	244			—			—			—			—			—			244
Total operating costs and expenses	677,046			2,708			201,731			204,439			2,587			(553		)	883,519
Income (loss) from operations	144,516			(1,433		)	20,913			19,480			(2,587		)	—			161,409
Accretion of discount to the relinquishment liability	(8,525		)	—			—			—			—			—			(8,525		)
Interest expense	(46,196		)	(6		)	(41,030		)	(41,036		)	(2,096		)	491			(88,837		)
Loss on interests in subsidiaries	(22,358		)	—			(1,348		)	(1,348		)	—			23,706			—
Other income (expense), net	(153		)	—			546			546			1,935			(491		)	1,837
Net income (loss)	67,284			(1,439		)	(20,919		)	(22,358		)	(2,748		)	23,706			65,884
Loss attributable to non-controlling interests	—			—			—			—			—			1,400			1,400
Net income (loss) attributable to Mohegan Tribal Gaming Authority	$	67,284		$	(1,439	)	$	(20,919	)	$	(22,358	)	$	(2,748	)	$	25,106		$	67,284

___________


(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 Nine Months Ended June 30, 2012
	Authority			Total Guarantor Subsidiaries (1)			Total Non Guarantor Entities (2)			Consolidating/ Eliminating Adjustments			Consolidated
Net cash flows provided by (used in) operating activities	$	103,561		$	43,100		$	(2,370	)	$	—		$	144,291
Cash flows provided by (used in) investing activities:
Purchases of property and equipment	(34,536		)	(6,102		)	—			—			(40,638		)
Other cash flows provided by (used in) investing activities	34,702			5,182			(562		)	(37,384		)	1,938
Net cash flows provided by (used in) investing activities	166			(920		)	(562		)	(37,384		)	(38,700		)
Cash flows provided by (used in) financing activities:
Bank Credit Facility borrowings—revolving loan	154,000			—			—			—			154,000
Bank Credit Facility repayments—revolving loan	(289,000		)	—			—			—			(289,000		)
Bank Credit Facility repayments—term loan	(2,000		)	—			—			—			(2,000		)
Term Loan Facility borrowings, net of discount	220,500			—			—			—			220,500
Salishan-Mohegan Bank Credit Facility repayments—revolving loan	—			—			(15,250		)	—			(15,250		)
Line of Credit borrowings	225,215			—			—			—			225,215
Line of Credit repayments	(225,215		)	—			—			—			(225,215		)
Borrowings from Mohegan Tribe	—			—			20,600			—			20,600
Payments on long-term debt	(66,454		)	—			—			—			(66,454		)
Principal portion of relinquishment liability payments	(28,756		)	—			—			—			(28,756		)
Distributions to Mohegan Tribe	(40,450		)	—			—			—			(40,450		)
Payments of financing fees	(50,178		)	—			—			—			(50,178		)
Other cash flows provided by (used in) financing activities	5,495			(40,754		)	(2,372		)	37,384			(247		)
Net cash flows provided by (used in) financing activities	(96,843		)	(40,754		)	2,978			37,384			(97,235		)
Net increase in cash and cash equivalents	6,884			1,426			46			—			8,356
Cash and cash equivalents at beginning of period	89,018			22,931			225			—			112,174
Cash and cash equivalents at end of period	$	95,902		$	24,357		$	271		$	—		$	120,530

___________


(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 Nine Months Ended June 30, 2011
	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	$	106,396		$	(15	)	$	36,562		$	36,547		$	(3,852	)	$	—		$	139,091
Cash flows provided by (used in) investing activities:
Purchases of property and equipment	(27,586		)	(19		)	(12,096		)	(12,115		)	—			—			(39,701		)
Other cash flows provided by (used in) investing activities	22,306			—			70			70			(519		)	(21,822		)	35
Net cash flows used in investing activities	(5,280		)	(19		)	(12,026		)	(12,045		)	(519		)	(21,822		)	(39,666		)
Cash flows provided by (used in) financing activities:
Bank Credit Facility borrowings - revolving loan	270,000			—			—			—			—			—			270,000
Bank Credit Facility repayments - revolving loan	(318,000		)	—			—			—			—			—			(318,000		)
Line of Credit borrowings	412,909			—			—			—			—			—			412,909
Line of Credit repayments	(411,442		)	—			—			—			—			—			(411,442		)
Principal portion of relinquishment liability payments	(26,354		)	—			—			—			—			—			(26,354		)
Distributions to Mohegan Tribe	(23,669		)	—			—			—			—			—			(23,669		)
Other cash flows provided by (used in) financing activities	(4,419		)	41			(22,845		)	(22,804		)	4,360			21,822			(1,041		)
Net cash flows provided by (used in) financing activities	(100,975		)	41			(22,845		)	(22,804		)	4,360			21,822			(97,597		)
Net increase (decrease) in cash and cash equivalents	141			7			1,691			1,698			(11		)	—			1,828
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	$	39,287		$	(42	)	$	26,057		$	26,015		$	423		$	—		$	65,725

___________


(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.