TAKING CENTER STAGE...MGM Resorts is taking center stage as a market leader in… 21 MGM GROWTH...

TAKING CENTER STAGE2016 ANNUAL MEETING OF SHAREHOLDERS

SAFE HARBOR PROVISIONCautionary 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 the Company's ability to execute on future development and other projects, such as the Profit Growth Plan, the expected results of the Profit Growth Plan, the realization of any benefits from the MGP transactions (including the recently announced Borgata transaction), the closing of the Borgata transaction and the Company's ability to execute its strategic initiatives and improve its credit rating. 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.

Use of 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.

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Catherine ParkExecutive Director, Investor Relations

Jim MurrenChairman & Chief Executive Officer

IN MEMORIAM

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KIRK KERKORIAN

(1917-2015)

2014 2015

$2,215$3,282

$6,975$6,800

U.S. Operations Macau

OPERATING PERFORMANCE

Note: $ in millions; Source: Company Filings

Net Revenue Adjusted Property EBITDA

(MGM RESORTS CONSOLIDATED)

$9,190$10,082

2014 2015

$540$850

$1,985$1,618

U.S. Operations Macau

$2,469 $2,525

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MGM IS A LEADER

✓ Entertainment

✓ Hotel & Convention Business

✓ Corporate Social Responsibility

✓ Development of Integrated Resorts

✓ Operational Excellence

✓ Driving Long-Term Sustainable Shareholder Value

MGM Resorts is taking center stage as a market leader in…

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ENTERTAINMENT

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MGM IS A LEADER

✓ Entertainment







11

HOTEL & CONVENTIONS

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MGM IS A LEADER

✓ Entertainment







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CORPORATE SOCIAL RESPONSIBILITY

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MGM IS A LEADER

✓ Entertainment







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MGM NATIONAL HARBOR

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Rendering Aerial

Construction as of 4/20/16 Aerial

Expected To Open Late 2016

MGM SPRINGFIELD

Rendering

Front Exterior

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Rendering

Aerial

Rendering

Front Exterior

Expected To Open Late 2018

MGM COTAI

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Rendering

Front Exterior

Construction as of 4/25/16 Front Exterior

Expected To Open 1Q 2017

MGM IS A LEADER

✓ Entertainment







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OPERATIONAL EXCELLENCEMGM’s Profit Growth Plan was created to challenge, reinvigorate and

empower our Company to take a smarter, more innovative approach to the way we operate our business...

…with the ultimate goal of creating an embedded culture of operational excellence and continuous improvement

Improve Guest Experience

Leverage Size & Scale

Operate More Efficiently

Operate More Effectively

Generate Incremental Revenue & Cash Flow

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MGM IS A LEADER

✓ Entertainment







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MGM GROWTH PROPERTIES

Priced at $21/ share, the top of the $18-$21 range

Largest IPO this year

3rd largest REIT IPO ever

Highlights the significant inherent value of MGM’s real estate

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BORGATA HOTEL CASINO & SPA

Premier market leading asset in the second largest gaming market

Leverage neutral transaction that executes on MGM’s growth strategyMGM to leverage scale, loyalty program and Profit Growth Plan to enhance growth

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TWO-NOTCH RATING AGENCY UPGRADES

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Moody’s Fitch

Ba3

B2 B+

Ba3

B2

B1

Corporate Family Rating Issuer Default Rating

BB

B1 BB-

BB

BB-

B+

MGM STOCK PERFORMANCE VS PEERS

25(Indexed 2015 U.S. Stock Performance)

MGM Resorts WYNN LVS CZR

MGM+6%

Wynn-53%

LVS-25%CZR-50%

TAKING CENTER STAGE...MGM Resorts is taking center stage as a market leader in… 21 MGM GROWTH...

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