Company Overview of MGM Grand Hotel, LLC

MGM Grand Hotel, LLC reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net revenue of $239,713,000 compared to $243,037,000 a year ago period. Adjusted property EBITDA was $48,378,000 compared to $42,221,000 a year ago period. Operating income was $24,375,000 compared to $22,945,000 a year ago period. For the nine months, the company reported net revenue of $702,589,000 compared to $707,618,000 a year ago period. Adjusted property EBITDA was $114,735,000 compared to $114,646,000 a year ago period. Operating income was $50,796,000 compared to $56,837,000 a year ago period.

Delos, the pioneer of Wellness Real Estate, and MGM Grand Hotel & Casino announced the first-ever STAY WELL Rooms, to be completed in October 2012. The Delos-designed STAY WELL Rooms will integrate the best of medical science and technology to create hotel rooms that optimize and support the physical and emotional health and well-being of guests. With more than 12 health and wellness features in each room, the 42 new STAY WELL Rooms, located in the hotel’s main tower, will help guests reverse jetlag; reset the body’s internal 24-hour clock and regulate melatonin levels to promote better sleep; incorporate an advanced water filtration system which infuses Vitamin C into shower water; and offer healthy food and beverage options. STAY WELL Rooms at MGM Grand will include a $30 per night upgrade above the prevailing room and suite rates.

MGM Grand Hotel, LLC reported unaudited earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net revenues of $233,389,000 against $219,206,000 for the same period last year. Adjusted EBITDA was $34,490,000 against $32,489,000 for the same period last year. Operating income was $14,925,000 against $12,225,000 for the same period last year. For the year, the company reported net revenues of $941,007,000 against $930,541,000 for the same period last year. Adjusted EBITDA was $149,136,000 against $163,093,000 for the same period last year. Operating income was $71,762,000 against $84,359,000 for the same period last year.