Exhibit 99.1

MGM RESORTS INTERNATIONAL REPORTS FOURTH QUARTER

AND FULL YEAR FINANCIAL RESULTS

MGM China Board Announces a $400 Million Special Dividend

and Will Recommend a $120 Million Final 2014 Dividend;

Las Vegas Strip REVPAR Increased 7%

Las Vegas, Nevada, February 17, 2015 — MGM Resorts International (NYSE: MGM) today reported financial results for the quarter and year ended December 31, 2014.

“MGM Resorts International reported its best fourth quarter EBITDA since the peak in 2007 and its best full year in six years at its wholly owned domestic resorts. For the full year, CityCenter resort operations and MGM China each achieved record performances,” said Jim Murren, Chairman & CEO of MGM Resorts International. “When I reflect on this year, I am extremely proud of the accomplishments of the MGM Resorts International team and believe that 2015 will be another great year. In fact, we are already off to a good start with strong January results in the U.S.”

Key results for the fourth quarter of 2014 include the following:

• Net revenue at the Company’s wholly owned domestic resorts increased 5% compared to the prior year quarter;

• Rooms revenue at wholly owned domestic resorts increased 6% compared to the prior year quarter;

• The Company’s wholly owned domestic resorts earned Adjusted Property EBITDA⁽¹⁾ of $373 million, a 5% increase compared to the prior year quarter;

• MGM China’s net revenue was $719 million and Adjusted EBITDA was $185 million, each a 22% decrease compared to the prior year quarter; and

• CityCenter earned Adjusted EBITDA related to resort operations of $78 million, a 16% decrease compared to the prior year quarter, due primarily to a decrease in table games hold percentage at Aria.

Fourth Quarter Consolidated Results

Diluted loss per share for the fourth quarter of 2014 was $0.70 compared to diluted loss per share of $0.12 in the prior year fourth quarter. The current year fourth quarter income tax provision was unfavorably impacted by a non-cash charge due to an increase in valuation allowance recorded against the Company’s foreign tax credit deferred tax asset. The Company’s income tax provision per diluted share was $0.67 for the quarter. Absent the impact of the valuation allowance, a small tax benefit would have been recorded in the quarter.

The following table lists certain other items that affect the comparability of the current and prior year quarterly results (approximate EPS impact shown, net of tax, per share; negative amounts represent charges to income):

Three months ended December 31,	2014			2013
Preopening and start-up expenses	$	(0.02	)	$	—
Income (loss) from unconsolidated affiliates:
Harmon-related property transactions, net		(0.02	)		—
Non-operating items from unconsolidated affiliates:
CityCenter loss on retirement of long-term debt		—			(0.09	)
Silver Legacy gain on retirement of long-term debt		—			0.02

Page 1 of 13

Wholly Owned Domestic Resorts

Casino revenue related to wholly owned domestic resorts increased 5% compared to the prior year quarter due to increases in both table games volume and hold percentage. Table games hold percentage in the fourth quarter of 2014 was 21.8% compared to 20.2% in the prior year quarter. Slots revenue increased 5% compared to the prior year quarter, due to slightly higher win along with a reduction in the Company’s accrual for slot points based on a change in estimated point redemption.

Rooms revenue increased 6% with Las Vegas Strip REVPAR⁽²⁾ up 7%. The following table shows key hotel statistics for the Company’s Las Vegas Strip resorts:

Three months ended December 31,	2014			2013
Occupancy %		88	%		85	%
Average Daily Rate (ADR)	$	138		$	133
Revenue per Available Room (REVPAR)	$	121		$	114

Food and beverage revenue increased 6% as a result of increased convention and banquet business and the opening of several new outlets. Operating income for the Company’s wholly owned domestic resorts increased 10% for the fourth quarter of 2014 compared to the prior year quarter.

MGM China

On February 17, 2015, as part of its regular dividend policy, MGM China’s Board of Directors announced it will recommend a final dividend for 2014 of $120 million to MGM China shareholders subject to approval at the MGM China 2015 annual shareholders meeting. If approved, MGM Resorts International will receive $61 million, its 51% share of this dividend. In addition, MGM China’s Board of Directors announced a special dividend of $400 million, which will be paid to shareholders of record as of March 10, 2015 and distributed on or about March 19, 2015. MGM Resorts International will receive $204 million, its 51% share of the special dividend.

Key fourth quarter results for MGM China include the following:

• MGM China earned net revenue of $719 million, a 22% decrease compared to the prior year quarter;

• Main floor table games revenue increased 19% compared to the prior year quarter. Main floor table games volume decreased 4% and hold percentage was 27.2% in the current year quarter compared to 22.2% in the prior year quarter;

• VIP table games revenue decreased 39% due to lower VIP table games turnover of 32% compared to the prior year quarter, as well as hold percentage of 2.6% in the current year quarter compared to 2.8% in the prior year quarter;

• MGM China’s Adjusted EBITDA was $185 million, a 22% decrease compared to the prior year quarter;

• MGM China’s Adjusted EBITDA margin increased by 10 basis points compared to the prior year quarter to 25.8% as a result of an increase in main floor table games mix; and

• Operating income was $109 million compared to $162 million in the prior year quarter.

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Income (Loss) from Unconsolidated Affiliates

The following table summarizes information related to the Company’s share of income from unconsolidated affiliates:

Three months ended December 31,	2014			2013
	(In thousands)
CityCenter	$	(18,114	)	$	12,037
Borgata		11,304			(196	)
Other		4,683			4,069
	$	(2,127	)	$	15,910

In September 2014, the Company was relicensed in the state of New Jersey. As a result, the Company resumed accounting for its 50% interest in Borgata under the equity method and has adjusted its prior period financial statements retroactively as required by generally accepted accounting principles.

Results for CityCenter Holdings, LLC (“CityCenter”) for the fourth quarter of 2014 include the following (see schedules accompanying this release for further detail on CityCenter’s fourth quarter results):

• Net revenue from resort operations decreased by 4% to $289 million compared to $301 million in the prior year quarter, due to lower table games hold and volume at Aria;

• Adjusted EBITDA from resort operations was $78 million, a decrease of 16% compared to the prior year quarter;

• Adjusted EBITDA at Aria decreased by 22% year over year driven primarily by a decrease in table games volume and hold;

• Aria’s table games hold percentage was 21.5% compared to 26.0% in the prior year quarter;

• Aria’s occupancy percentage was 91.1% and its ADR was $217, resulting in REVPAR of $198, a 9% increase compared to the prior year quarter;

• Vdara reported record fourth quarter EBITDA led by a 13% increase in REVPAR; and

• Crystals reported Adjusted EBITDA of $11 million, an increase of 2% from the prior year quarter.

CityCenter reported an operating loss of $58 million for the fourth quarter of 2014 compared to operating income of $26 million in the prior year quarter. The lower fourth quarter result was due to decreased operating results at Aria as discussed above and a property transaction charge of $39 million. The property transaction charge primarily relates to a settlement with an insurer participating in CityCenter’s Owner Controlled Insurance Program in conjunction with the global settlement discussed below. In addition, the prior year quarter included $26 million of income related to property transactions, net, primarily related to a $33 million gain associated with the settlement of insurance claims for errors and omissions with respect to the original construction of CityCenter.

As previously announced, in December 2014, the Company and CityCenter entered into a settlement agreement with Perini Building Company, Inc. (“Perini”), general contractor for CityCenter, the remaining Perini subcontractors and relevant insurers to resolve all outstanding project lien claims and CityCenter’s counterclaims relating to the Harmon Hotel and Spa. The settlement was subject to execution of a global settlement agreement among the parties described above, which was subsequently executed, and CityCenter’s procurement of replacement general liability insurance covering construction of the CityCenter development (which was obtained in January 2015). The proceeds pursuant to such global settlement agreement, combined with certain prior Harmon-related insurance settlement proceeds, will result in a gain of approximately $160 million to be recorded by CityCenter during the first quarter of 2015.

Page 3 of 13

Full Year 2014 Results

Consolidated net revenue for 2014 was $10.1 billion, a 3% increase over 2013, and Adjusted Property EBITDA increased 5% compared to the prior year to $2.5 billion. Net revenue from wholly owned domestic resorts was $6.3 billion, a 5% increase compared to the prior year. Adjusted Property EBITDA from wholly owned domestic resorts increased 5% to $1.5 billion for 2014.

MGM China net revenue was $3.3 billion for 2014, a 1% decrease from 2013, and Adjusted EBITDA was a record $850 million compared to $814 million in the prior year. CityCenter reported net revenue from resort operations of a record $1.2 billion, a 3% increase compared to the prior year, and Adjusted EBITDA related to resort operations of $317 million compared to $316 million in the prior year.

Diluted loss per share attributable to the Company for 2014 was $0.31 compared to diluted loss per share of $0.35 in 2013. The following table lists items that affect the comparability of the current year and prior year annual results (approximate EPS impact shown, net of tax, per share; negative amounts represent charges to income):

Year ended December 31,	2014			2013
Preopening and start-up expenses	$	(0.05	)	$	(0.02	)
Property transactions, net		(0.05	)		(0.17	)
Income (loss) from unconsolidated affiliates:
Harmon-related property transactions, net		(0.02	)		—
Non-operating items from unconsolidated affiliates:
CityCenter loss on retirement of long-term debt		—			(0.09	)
Silver Legacy gain on retirement of long-term debt		—			0.02

The tax provision in 2014 increased $263 million compared to 2013 primarily as a result of an increase in valuation allowance recorded against the Company’s foreign tax credit deferred tax asset in 2014 and realization of deferred tax assets in 2013 that were previously offset by valuation allowance, partially offset by tax expense recognized in 2013 as a result of re-measuring net deferred tax liabilities in Macau.

Financial Position

“As a result of a successful year and our continued focus on our balance sheet, we improved leverage and raised significant capital in 2014,” said Dan D’Arrigo, Executive Vice President, CFO and Treasurer of MGM Resorts International. “We believe that our improved cash flows, the announced dividends from MGM China, $1.25 billion in capital raised in the fourth quarter, along with revolver availability provides us with adequate liquidity to fund our 2015 maturities and growth initiatives.”

The Company’s cash balance at December 31, 2014 was $2.3 billion, which included $546 million at MGM China. At December 31, 2014, the Company had $2.7 billion of borrowings outstanding under its $3.9 billion senior secured credit facility and $553 million outstanding under the $2.0 billion MGM China credit facility.

Conference Call Details

MGM Resorts International will host a conference call at 11:00 a.m. Eastern Time today which will include a brief discussion of these results followed by a question and answer period. The call will be accessible via the Internet through www.mgmresorts.com under the Investors section or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 8870181. A replay of the call will be available through Wednesday, February 25, 2015. The replay may be accessed by dialing 1-877-344-7529 or 1-412-317-0088. The replay access code is 10059516. The call will be archived at www.mgmresorts.com.

Page 4 of 13

1            “Adjusted EBITDA” is earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, preopening and start-up expenses and property transactions, net. “Adjusted Property EBITDA” is Adjusted EBITDA before corporate expense and stock compensation expense related to the MGM Resorts stock option plan, which is not allocated to each property. MGM China recognizes stock compensation expense related to its stock compensation plan which is included in the calculation of Adjusted EBITDA for MGM China. Adjusted EBITDA information is presented solely as a supplemental disclosure to reported GAAP measures because management believes these measures are 1) widely used measures of operating performance in the gaming industry, and 2) a principal basis for valuation of gaming companies.

Management believes that while items excluded from Adjusted EBITDA and Adjusted Property EBITDA may be recurring in nature and should not be disregarded in evaluation of the Company’s earnings performance, it is useful to exclude such items when analyzing current results and trends compared to other periods because these items can vary significantly depending on specific underlying transactions or events that may not be comparable between the periods being presented. Also, management believes excluded items may not relate specifically to current operating trends or be indicative of future results. For example, preopening and start-up expenses will be significantly different in periods when the Company is developing and constructing a major expansion project and will depend on where the current period lies within the development cycle, as well as the size and scope of the project(s). Property transactions, net includes normal recurring disposals, gains and losses on sales of assets related to specific assets within the Company’s resorts, but also includes gains or losses on sales of an entire operating resort or a group of resorts and impairment charges on entire asset groups or investments in unconsolidated affiliates, which may not be comparable period over period.

In addition, capital allocation, tax planning, financing and stock compensation awards are all managed at the corporate level. Therefore, management uses Adjusted Property EBITDA as the primary measure of the Company’s operating resorts’ performance.

Reconciliations of GAAP net income (loss) to Adjusted EBITDA and GAAP operating income (loss) to Adjusted Property EBITDA are included in the financial schedules in this release.

2            REVPAR is hotel revenue per available room.

*        *        *

About MGM Resorts International

MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. For more information about MGM Resorts International, visit the Company’s website at www.mgmresorts.com.

Statements in this release 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 future expected financial results, the Company’s ability to fund its 2015 debt maturities and growth initiatives, the expected gains to CityCenter as a result of the settlement agreements, and amounts the Company expects to receive as a result of the MGM China dividends. These forward-looking statements involve a number of risks and uncertainties. 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.

MGM RESORTS CONTACTS:
Investment Community	News Media
SARAH ROGERS	CLARK DUMONT
Vice President Investor Relations	Senior Vice President of Corporate Communications
(702) 693-8654 or srogers@mgmresorts.com	(702) 692-6888 or cdumont@mgmresorts.com

Page 5 of 13

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31,			December 31,			December 31,			December 31,
	2014			2013			2014			2013
Revenues:
Casino	$	1,399,640		$	1,570,905		$	5,878,775		$	5,875,782
Rooms		419,470			394,283			1,768,012			1,646,303
Food and beverage		366,352			348,465			1,558,937			1,469,582
Entertainment		141,289			142,257			560,116			522,911
Retail		45,204			44,996			191,351			194,602
Other		116,018			115,429			507,639			490,349
Reimbursed costs		94,397			89,649			383,434			364,664
		2,582,370			2,705,984			10,848,264			10,564,193
Less: Promotional allowances		(196,824	)		(192,771	)		(766,280	)		(754,530	)
		2,385,546			2,513,213			10,081,984			9,809,663
Expenses:
Casino		852,053			979,620			3,643,881			3,684,810
Rooms		128,349			122,509			548,993			516,605
Food and beverage		213,427			199,312			908,916			844,431
Entertainment		108,660			104,648			422,115			386,252
Retail		23,741			25,365			99,455			107,249
Other		85,926			84,072			361,904			354,705
Reimbursed costs		94,397			89,649			383,434			364,664
General and administrative		324,532			317,378			1,318,749			1,278,450
Corporate expense		69,458			63,567			238,811			216,745
Preopening and start-up expenses		13,629			3,383			39,257			13,314
Property transactions, net		480			2,012			41,002			124,761
Depreciation and amortization		202,654			207,474			815,765			849,225
		2,117,306			2,198,989			8,822,282			8,741,211
Income (loss) from unconsolidated affiliates		(2,127	)		15,910			63,836			68,829
Operating income		266,113			330,134			1,323,538			1,137,281
Non-operating income (expense):
Interest expense, net of amounts capitalized		(200,903	)		(208,461	)		(817,061	)		(857,347	)
Non-operating items from unconsolidated affiliates		(18,773	)		(93,230	)		(87,794	)		(208,682	)
Other, net		(5,800	)		(2,153	)		(7,797	)		(9,062	)
		(225,476	)		(303,844	)		(912,652	)		(1,075,091	)
Income before income taxes		40,637			26,290			410,886			62,190
Provision for income taxes		(328,109	)		(3,883	)		(283,708	)		(20,816	)
Net income (loss)		(287,472	)		22,407			127,178			41,374
Less: Net income attributable to noncontrolling interests		(54,791	)		(79,212	)		(277,051	)		(213,108	)
Net loss attributable to MGM Resorts International	$	(342,263	)	$	(56,805	)	$	(149,873	)	$	(171,734	)
Per share of common stock:
Basic:
Net loss attributable to MGM Resorts International	$	(0.70	)	$	(0.12	)	$	(0.31	)	$	(0.35	)
Weighted average shares outstanding		491,308			490,185			490,875			489,661
Diluted:
Net loss attributable to MGM Resorts International	$	(0.70	)	$	(0.12	)	$	(0.31	)	$	(0.35	)
Weighted average shares outstanding		491,308			490,185			490,875			489,661

Page 6 of 13

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	December 31,			December 31,
	2014			2013
ASSETS
Current assets:
Cash and cash equivalents	$	2,283,715		$	1,803,669
Accounts receivable, net		473,345			488,217
Inventories		104,011			107,907
Income tax receivable		14,675			—
Deferred income taxes, net		—			80,989
Prepaid expenses and other		151,414			238,657
Total current assets		3,027,160			2,719,439
Property and equipment, net		14,441,542			14,055,212
Other assets:
Investments in and advances to unconsolidated affiliates		1,559,034			1,469,261
Goodwill		2,897,110			2,897,442
Other intangible assets, net		4,364,856			4,511,861
Other long-term assets, net		412,809			431,395
Total other assets		9,233,809			9,309,959
	$	26,702,511		$	26,084,610
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	164,252		$	144,990
Construction payable		170,439			96,202
Income taxes payable		—			14,813
Current portion of long-term debt		1,245,320			—
Deferred income taxes, net		62,142			—
Accrued interest on long-term debt		191,155			188,522
Other accrued liabilities		1,574,617			1,770,801
Total current liabilities		3,407,925			2,215,328
Deferred income taxes		2,621,860			2,419,967
Long-term debt		12,913,882			13,447,230
Other long-term obligations		130,570			141,590
Stockholders’ equity:
Common stock, $.01 par value: authorized 1,000,000,000 shares, issued and outstanding 491,292,117 and 490,360,628 shares		4,913			4,904
Capital in excess of par value		4,180,922			4,156,680
Retained earnings (accumulated deficit)		(107,909	)		41,964
Accumulated other comprehensive income		12,991			12,503
Total MGM Resorts International stockholders’ equity		4,090,917			4,216,051
Noncontrolling interests		3,537,357			3,644,444
Total stockholders’ equity		7,628,274			7,860,495
	$	26,702,511		$	26,084,610

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MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

SUPPLEMENTAL DATA - NET REVENUES

(In thousands)

(Unaudited)

	Three Months Ended				Twelve Months Ended
	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Bellagio	$	294,110	$	298,759	$	1,248,203	$	1,177,402
MGM Grand Las Vegas		292,031		249,765		1,098,642		1,038,346
Mandalay Bay		204,280		197,174		874,126		792,282
The Mirage		141,582		143,347		572,699		576,573
Luxor		86,886		78,503		354,041		325,578
New York-New York		71,507		66,749		286,998		271,572
Excalibur		62,550		60,879		269,486		260,462
Monte Carlo		67,704		62,539		277,845		262,901
Circus Circus Las Vegas		49,254		45,658		209,662		197,885
MGM Grand Detroit		133,235		130,769		530,436		537,994
Beau Rivage		85,115		81,977		344,178		340,814
Gold Strike Tunica		38,118		36,219		157,733		149,186
Other resort operations		28,072		27,009		118,035		121,649
Wholly owned domestic resorts		1,554,444		1,479,347		6,342,084		6,052,644
MGM China		718,688		925,751		3,282,329		3,316,928
Management and other operations		112,414		108,115		457,571		440,091
	$	2,385,546	$	2,513,213	$	10,081,984	$	9,809,663

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

SUPPLEMENTAL DATA - ADJUSTED PROPERTY EBITDA

(In thousands)

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014		December 31, 2013
Bellagio	$	84,514		$	99,547		$	393,702	$	358,759
MGM Grand Las Vegas		84,403			58,394			254,854		236,132
Mandalay Bay		36,827			36,346			175,626		167,154
The Mirage		27,981			32,960			110,154		117,424
Luxor		13,221			12,414			70,084		61,561
New York-New York		24,479			21,400			95,105		89,181
Excalibur		14,933			13,286			68,219		63,502
Monte Carlo		17,736			16,327			71,780		68,941
Circus Circus Las Vegas		5,000			908			23,615		16,609
MGM Grand Detroit		37,196			40,519			144,798		155,689
Beau Rivage		17,078			15,340			70,261		66,937
Gold Strike Tunica		10,066			9,480			40,332		37,487
Other resort operations		(349)			(935)			(223)		3,310
Wholly owned domestic resorts		373,085			355,986			1,518,307		1,442,686
MGM China		185,462			238,067			850,471		814,109
Unconsolidated resorts(1)		(2,127	)		15,910			63,836		68,829
Management and other operations		(1,154	)		(688	)		35,984		25,777
	$	555,266		$	609,275		$	2,468,598	$	2,351,401

(1) Represents the Company’s share of operating income (loss), adjusted for the effect of certain basis differences.

Page 8 of 13

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA AND  ADJUSTED EBITDA

(In thousands)

(Unaudited)

Three Months Ended December 31, 2014

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Bellagio	$	62,677		$	—	$	43		$	21,794	$	84,514
MGM Grand Las Vegas		65,700			—		(910	)		19,613		84,403
Mandalay Bay		17,036			—		462			19,329		36,827
The Mirage		15,488			14		228			12,251		27,981
Luxor		3,242			—		382			9,597		13,221
New York-New York		18,864			630		1			4,984		24,479
Excalibur		11,027			—		141			3,765		14,933
Monte Carlo		12,186			21		114			5,415		17,736
Circus Circus Las Vegas		1,157			7		—			3,836		5,000
MGM Grand Detroit		31,133			—		239			5,824		37,196
Beau Rivage		10,461			—		49			6,568		17,078
Gold Strike Tunica		6,982			—		127			2,957		10,066
Other resort operations		644			—		(1,124	)		131		(349	)
Wholly owned domestic resorts		256,597			672		(248	)		116,064		373,085
MGM China		109,019			2,299		1,497			72,647		185,462
Unconsolidated resorts		(2,907	)		780		—			—		(2,127	)
Management and other operations		(4,001	)		359		414			2,074		(1,154	)
		358,708			4,110		1,663			190,785		555,266
Stock compensation		(8,005	)		—		—			—		(8,005	)
Corporate		(84,590	)		9,519		(1,183	)		11,869		(64,385	)
	$	266,113		$	13,629	$	480		$	202,654	$	482,876

Three Months Ended December 31, 2013

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Bellagio	$	75,967		$	—	$	198		$	23,382	$	99,547
MGM Grand Las Vegas		36,171			—		1,028			21,195		58,394
Mandalay Bay		14,651			353		370			20,972		36,346
The Mirage		20,628			—		397			11,935		32,960
Luxor		3,150			44		(377	)		9,597		12,414
New York-New York		15,680			—		1,117			4,603		21,400
Excalibur		9,908			—		34			3,344		13,286
Monte Carlo		10,531			651		267			4,878		16,327
Circus Circus Las Vegas		(2,871	)		—		31			3,748		908
MGM Grand Detroit		37,171			—		(2,402	)		5,750		40,519
Beau Rivage		8,852			—		45			6,443		15,340
Gold Strike Tunica		5,943			—		156			3,381		9,480
Other resort operations		(1,957	)		—		466			556		(935	)
Wholly owned domestic resorts		233,824			1,048		1,330			119,784		355,986
MGM China		161,699			2,191		25			74,152		238,067
Unconsolidated resorts		15,779			131		—			—		15,910
Management and other operations		(3,634	)		—		—			2,946		(688	)
		407,668			3,370		1,355			196,882		609,275
Stock compensation		(6,955	)		—		—			—		(6,955	)
Corporate		(70,579	)		13		657			10,592		(59,317	)
	$	330,134		$	3,383	$	2,012		$	207,474	$	543,003

Page 9 of 13

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA AND ADJUSTED EBITDA

(In thousands)

(Unaudited)

Twelve Months Ended December 31, 2014

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Bellagio	$	304,144		$	—	$	900		$	88,658	$	393,702
MGM Grand Las Vegas		174,297			197		(667	)		81,027		254,854
Mandalay Bay		95,449			1,133		2,307			76,737		175,626
The Mirage		57,338			452		2,464			49,900		110,154
Luxor		31,801			2		432			37,849		70,084
New York-New York		75,360			732		427			18,586		95,105
Excalibur		52,915			—		500			14,804		68,219
Monte Carlo		48,937			1,507		290			21,046		71,780
Circus Circus Las Vegas		8,135			85		61			15,334		23,615
MGM Grand Detroit		118,755			—		2,728			23,315		144,798
Beau Rivage		43,152			—		1,000			26,109		70,261
Gold Strike Tunica		27,460			—		392			12,480		40,332
Other resort operations		(2,318	)		—		336			1,759		(223	)
Wholly owned domestic resorts		1,035,425			4,108		11,170			467,604		1,518,307
MGM China		547,977			9,091		1,493			291,910		850,471
Unconsolidated resorts		62,919			917		—			—		63,836
Management and other operations		26,152			359		415			9,058		35,984
		1,672,473			14,475		13,078			768,572		2,468,598
Stock compensation		(28,372	)		—		—			—		(28,372	)
Corporate		(320,563	)		24,782		27,924			47,193		(220,664	)
	$	1,323,538		$	39,257	$	41,002		$	815,765	$	2,219,562

Twelve Months Ended December 31, 2013

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Bellagio	$	261,321		$	—	$	470		$	96,968	$	358,759
MGM Grand Las Vegas		149,602			—		2,220			84,310		236,132
Mandalay Bay		78,096			1,903		2,823			84,332		167,154
The Mirage		63,090			—		4,722			49,612		117,424
Luxor		21,730			802		2,177			36,852		61,561
New York-New York		65,006			—		3,533			20,642		89,181
Excalibur		49,184			—		69			14,249		63,502
Monte Carlo		45,597			791		3,773			18,780		68,941
Circus Circus Las Vegas		(1,596	)		—		1,078			17,127		16,609
MGM Grand Detroit		135,516			—		(2,402	)		22,575		155,689
Beau Rivage		38,015			—		(260	)		29,182		66,937
Gold Strike Tunica		22,767			—		1,330			13,390		37,487
Other resort operations		(21,951	)		—		23,018			2,243		3,310
Wholly owned domestic resorts		906,377			3,496		42,551			490,262		1,442,686
MGM China		501,021			9,109		390			303,589		814,109
Unconsolidated resorts		68,322			507		—			—		68,829
Management and other operations		13,749			189		4			11,835		25,777
		1,489,469			13,301		42,945			805,686		2,351,401
Stock compensation		(26,112	)		—		—			—		(26,112	)
Corporate		(326,076	)		13		81,816			43,539		(200,708	)
	$	1,137,281		$	13,314	$	124,761		$	849,225	$	2,124,581

Page 10 of 13

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

RECONCILIATION OF ADJUSTED EBITDA TO NET LOSS ATTRIBUTABLE TO MGM RESORTS INTERNATIONAL

(In thousands)

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014			December 31, 2013
Adjusted EBITDA	$	482,876		$	543,003		$	2,219,562		$	2,124,581
Preopening and start-up expenses		(13,629	)		(3,383	)		(39,257	)		(13,314	)
Property transactions, net		(480	)		(2,012	)		(41,002	)		(124,761	)
Depreciation and amortization		(202,654	)		(207,474	)		(815,765	)		(849,225	)
Operating income		266,113			330,134			1,323,538			1,137,281
Non-operating income (expense):
Interest expense, net of amounts capitalized		(200,903	)		(208,461	)		(817,061	)		(857,347	)
Other, net		(24,573	)		(95,383	)		(95,591	)		(217,744	)
		(225,476	)		(303,844	)		(912,652	)		(1,075,091	)
Income before income taxes		40,637			26,290			410,886			62,190
Provision for income taxes		(328,109	)		(3,883	)		(283,708	)		(20,816	)
Net income (loss)		(287,472	)		22,407			127,178			41,374
Less: Net income attributable to noncontrolling interests		(54,791	)		(79,212	)		(277,051	)		(213,108	)
Net loss attributable to MGM Resorts International	$	(342,263	)	$	(56,805	)	$	(149,873	)	$	(171,734	)

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES

SUPPLEMENTAL DATA - HOTEL STATISTICS - LAS VEGAS STRIP

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014			December 31, 2013
Bellagio
Occupancy %		87.6	%		87.5	%		92.9	%		92.3	%
Average daily rate (ADR)	$	258		$	254		$	254		$	243
Revenue per available room (REVPAR)	$	226		$	223		$	236		$	225
MGM Grand Las Vegas
Occupancy %		93.0	%		89.3	%		96.0	%		93.5	%
ADR	$	149		$	142		$	150		$	142
REVPAR	$	138		$	127		$	144		$	132
Mandalay Bay
Occupancy %		86.8	%		85.8	%		92.0	%		90.1	%
ADR	$	181		$	176		$	191		$	182
REVPAR	$	157		$	151		$	176		$	164
The Mirage
Occupancy %		91.3	%		91.1	%		94.8	%		94.7	%
ADR	$	157		$	151		$	159		$	149
REVPAR	$	143		$	137		$	151		$	141
Luxor
Occupancy %		87.2	%		83.9	%		93.1	%		90.7	%
ADR	$	96		$	90		$	96		$	88
REVPAR	$	84		$	76		$	89		$	80
New York-New York
Occupancy %		95.5	%		93.6	%		97.8	%		96.5	%
ADR	$	119		$	112		$	120		$	112
REVPAR	$	113		$	105		$	118		$	108
Excalibur
Occupancy %		84.7	%		80.7	%		92.0	%		88.5	%
ADR	$	80		$	73		$	79		$	73
REVPAR	$	68		$	59		$	73		$	65
Monte Carlo
Occupancy %		93.6	%		90.3	%		96.8	%		94.8	%
ADR	$	108		$	104		$	110		$	104
REVPAR	$	101		$	94		$	107		$	99
Circus Circus Las Vegas
Occupancy %		77.1	%		71.1	%		80.4	%		78.3	%
ADR	$	61		$	55		$	60		$	55
REVPAR	$	47		$	39		$	49		$	43

Page 11 of 13

CITYCENTER HOLDINGS, LLC

SUPPLEMENTAL DATA - NET REVENUES

(In thousands)

(Unaudited)

	Three Months Ended				Twelve Months Ended
	December 31, 2014		December 31, 2013		December 31, 2014		December 31, 2013
Aria	$	232,622	$	249,620	$	955,563	$	951,727
Vdara		25,195		22,165		103,856		90,444
Crystals		16,392		16,113		66,475		61,184
Mandarin Oriental		14,585		13,530		60,515		53,714
Resort operations		288,794		301,428		1,186,409		1,157,069
Residential operations		6,906		12,365		62,985		99,370
	$	295,700	$	313,793	$	1,249,394	$	1,256,439

CITYCENTER HOLDINGS, LLC

RECONCILIATION OF ADJUSTED EBITDA TO NET LOSS

(In thousands)

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014			December 31, 2013
Adjusted EBITDA	$	68,008		$	86,599		$	298,365		$	307,513
Preopening and start-up expenses		—			—			—			(752	)
Property transactions, net		(39,321	)		25,791			(61,914	)		11,265
Depreciation and amortization		(87,098	)		(86,552	)		(350,926	)		(345,920	)
Operating income (loss)		(58,411	)		25,838			(114,475	)		(27,894	)
Non-operating income (expense):
Interest expense - sponsor notes		—			(4,644	)		—			(82,655	)
Interest expense - other		(17,993	)		(26,928	)		(82,260	)		(156,397	)
Other, net		(1,071	)		(142,777	)		(11,831	)		(176,202	)
		(19,064	)		(174,349	)		(94,091	)		(415,254	)
Net loss	$	(77,475	)	$	(148,511	)	$	(208,566	)	$	(443,148	)

CITYCENTER HOLDINGS, LLC

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED EBITDA

(In thousands)

(Unaudited)

Three Months Ended December 31, 2014

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Aria	$	(11,217	)	$	—	$	4,255		$	66,538	$	59,576
Vdara		(3,558	)		—		7			9,554		6,003
Crystals		3,999			—		(11	)		6,568		10,556
Mandarin Oriental		(2,642	)		—		—			4,182		1,540
Resort operations		(13,418	)		—		4,251			86,842		77,675
Residential operations		583			—		—			41		624
Development and administration		(45,576	)		—		35,070			215		(10,291	)
	$	(58,411	)	$	—	$	39,321		$	87,098	$	68,008

Three Months Ended December 31, 2013

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Aria	$	11,811		$	—	$	222		$	64,653	$	76,686
Vdara		(11,908	)		—		6,682			9,944		4,718
Crystals		3,305			—		—			7,019		10,324
Mandarin Oriental		(3,472	)		—		—			4,719		1,247
Resort operations		(264	)		—		6,904			86,335		92,975
Residential operations		603			—		305			215		1,123
Development and administration		25,499			—		(33,000	)		2		(7,499	)
	$	25,838		$	—	$	(25,791	)	$	86,552	$	86,599

Page 12 of 13

CITYCENTER HOLDINGS, LLC

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED EBITDA

(In thousands)

(Unaudited)

Twelve Months Ended December 31, 2014

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net		Depreciation and amortization		Adjusted EBITDA
Aria	$	(34,515	)	$	—	$	12,858	$	264,447	$	242,790
Vdara		(15,103	)		—		155		40,636		25,688
Crystals		16,384			—		202		26,867		43,453
Mandarin Oriental		(13,349	)		—		44		18,333		5,028
Resort operations		(46,583	)		—		13,259		350,283		316,959
Residential operations		7,835			—		1,115		428		9,378
Development and administration		(75,727	)		—		47,540		215		(27,972	)
	$	(114,475	)	$	—	$	61,914	$	350,926	$	298,365

Twelve Months Ended December 31, 2013

	Operating income (loss)			Preopening and start-up expenses		Property transactions, net			Depreciation and amortization		Adjusted EBITDA
Aria	$	(5,611	)	$	694	$	501		$	257,086	$	252,670
Vdara		(27,611	)		—		6,731			41,530		20,650
Crystals		11,357			58		57			27,240		38,712
Mandarin Oriental		(15,632	)		—		—			19,103		3,471
Resort operations		(37,497	)		752		7,289			344,959		315,503
Residential operations		(208	)		—		14,446			933		15,171
Development and administration		9,811			—		(33,000	)		28		(23,161	)
	$	(27,894	)	$	752	$	(11,265	)	$	345,920	$	307,513

CITYCENTER HOLDINGS, LLC

SUPPLEMENTAL DATA - HOTEL STATISTICS

(Unaudited)

	Three Months Ended						Twelve Months Ended
	December 31, 2014			December 31, 2013			December 31, 2014			December 31, 2013
Aria
Occupancy %		91.1	%		85.2	%		92.9	%		88.8	%
ADR	$	217		$	212		$	217		$	208
REVPAR	$	198		$	181		$	202		$	184
Vdara
Occupancy %		87.8	%		82.1	%		92.0	%		86.7	%
ADR	$	177		$	168		$	174		$	162
REVPAR	$	155		$	138		$	160		$	140

Page 13 of 13