For Immediate Release
Wednesday, December 4, 2013

MGM Springfield and Ludlow Announce First Surrounding Community Agreement
Board of Selectmen unanimously endorses impact payment plan

LUDLOW (MA) - MGM Resorts International announced today that it has finalized the first surrounding community agreement for its MGM Springfield proposal with the Town of Ludlow. Last night, members of the town’s Board of Selectmen unanimously endorsed the agreement.

Mike Mathis, MGM Resorts Vice President of Global Gaming Development, said, “The first agreement is an important one. It has energized us, and demonstrates that with good communication and an open mind there is a way forward for all parties involved. We thank the Ludlow town leaders for their hard work and cooperation leading up to today."

The agreement will pay Ludlow $50,000 upfront and a minimum of $100,000 annually based on a third-party impact analysis. Collaboratively, MGM and designated surrounding communities will work to select a third-party analyst. Additionally, the agreement includes a look-back period on the 1st and 5th year anniversaries so that the actual impacts can be measured and addressed.

In addition to the mitigation dollars that have been agreed upon between Ludlow and MGM, the company will contribute, through state tax payments, to certain funds set up by the Massachusetts Gaming Law. Surrounding communities can go through the Massachusetts Gaming Commission to draw upon these funds for additional unforeseen impacts.

"The MGM team has been accessible and responsive to the concerns of our town,” said Ludlow Selectman Aaron Saunders. "Their follow through and professionalism allowed us to come to this agreement and feel good about the result.”

MGM has been working with officials from eight communities to better understand their questions and concerns around the MGM Springfield project. As a result of these meetings and communications, the MGM team hopes to come to similar agreements before their application is due on Dec. 31.

"Regardless of the number of competitors bidding for the Western Massachusetts gaming license, MGM has continued to work openly and diligently toward a surrounding community agreement for Ludlow," said Saunders. "We look forward to the day when we can call them neighbors."

Mathis added, "Like everything we have worked to accomplish during this project, we have given these surrounding community agreements our very best effort and consideration. In the coming weeks we hope to sign more agreements that further demonstrate our willingness to partner with communities in a fair and collaborative way."

MGM Springfield, an approximately $800 million resort, is proposed for 14.5 acres of land between Union and State streets, and Columbus Avenue and Main Street. MGM is seeking the sole gaming license in Western Massachusetts.

About MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA resort and casino.

For more information about the company please visit www.mgmresorts.com.