Exhibit 99

PRESS RELEASE		FOR IMMEDIATE RELEASE

MGM RESORTS INTERNATIONAL REPORTS RECENT DEVELOPMENTS AND
PRELIMINARY THIRD QUARTER RESULTS

Expects to Receive $125 million from Macau Joint Venture;
Receives Offer for 50% Interest in Borgata

Las Vegas, Nevada, October 12, 2010 — MGM Resorts International (NYSE: MGM) today announced certain recent developments and its preliminary expectations of financial results for the third quarter of 2010. The operating results in this release reflect preliminary expectations of financial results for the third quarter of 2010, have not been reviewed by the Company’s auditors, and are subject to change. The Company expects to report its full results for the quarter, and conduct a conference call to discuss its earnings, during the week of November 1, 2010.

Recent Developments

	•		The Company expects to receive approximately $125 million from MGM Macau during October 2010, which represents a partial repayment of principal and accrued interest on the Company’s interest and non-interest bearing notes to that entity.
	•		The Company recently received an offer for its 50% economic interest in the Borgata Hotel Casino & Spa (“Borgata”) based on an enterprise value of $1.35 billion for the entire asset. The Company’s Board of Directors has authorized submission of this offer to Boyd Gaming Corporation, which owns the other 50% interest, in accordance with the right of first refusal provisions included in the joint venture agreement. Based on Borgata’s September debt balances, the offer equates to slightly in excess of $250 million for the Company’s 50% interest. This is less than the carrying value of the Company’s investment in Borgata; therefore, the Company will record a pre-tax impairment charge of approximately $128 million in the third quarter of 2010. The consummation of any such transaction as a result of the offer is subject to negotiation of final documents, due diligence, and regulatory approval.
	•		The Company expects its previously announced sale of short-term land leases and associated real property parcels underlying Borgata to close in the fourth quarter of 2010, with net proceeds to the Company’s New Jersey trust account of approximately $71 million.
	•		The Company’s New Jersey trust account received a distribution of approximately $105 million from Borgata during the third quarter. The balance in the trust account was approximately $114 million at September 30, 2010. All amounts in the trust account, including the proceeds from the sale of the Company’s Borgata interest and the underlying land parcels, will be distributed to the Company upon consummation of the sale of the Company’s Borgata interest.
	•		As of September 30, 2010, the Company recognized an increase of $232 million in its total net obligation under its CityCenter completion guarantee, and a corresponding increase in its investment in CityCenter. The increase primarily reflects revisions to prior estimates based on the Company’s assessment of the most current information derived from the CityCenter close-out and litigation processes. This accrual does not reflect certain potential recoveries that CityCenter is pursuing as part of the litigation process. The Company reviewed its investment in CityCenter due to such increase and expects to record a pre-tax impairment charge of approximately $182 million in the third quarter.

Preliminary Earnings Results

The Company expects a third quarter diluted loss per share (EPS) of approximately $0.72 compared to a loss of $1.70 per share in the prior year third quarter. The current year results include expected pre-tax impairment charges totaling $357 million, or $0.51 per diluted share, net of tax, including the impairment charge related to the Company’s investment in CityCenter, a pre-tax charge

of $46 million related to impairment of CityCenter’s residential real estate inventory, and the impairment charge related to the Company’s Borgata investment. The prior year results include pre-tax impairment charges totaling $1.17 billion, or $1.72 loss per diluted share, net of tax, including a pre-tax impairment charge of $956 million related to the Company’s investment in CityCenter and a pre-tax impairment charge of $203 million related to impairment of CityCenter’s residential real estate under development.

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

Three months ended September 30,		2010				2009
Preopening and start-up expenses		$	—			$	(0.01	)
Property transactions net:
Investment in CityCenter impairment charge			(0.27	)			(1.40	)
Investment in Borgata impairment charge			(0.17	)			—
Other property transactions, net			(0.01	)			(0.02	)
Income (loss) from unconsolidated affiliates:
CityCenter residential inventory impairment charge			(0.07	)			(0.30	)
CityCenter forfeited residential deposits income			0.02				—
Borgata insurance proceeds			—				0.02

Preliminary Operating Results

Net revenue for the third quarter of 2010 is expected to be approximately $1.56 billion. Excluding reimbursed costs revenue mainly related to the Company’s management of CityCenter (approximately $89 million in the 2010 third quarter and $16 million in the 2009 third quarter), net revenue is expected to be approximately $1.47 billion, a decrease of 3% from 2009. Reimbursed costs revenue represents reimbursement of costs, primarily payroll-related, incurred by the Company in connection with the provision of management services.

Las Vegas Strip REVPAR¹ was $97 for the third quarter of 2010, a decrease of 2% from the third quarter of 2009, with occupancy of 93% and an average daily rate of $105. Bellagio and Mandalay Bay both recorded REVPAR increases in the third quarter.

Third quarter total casino revenue was approximately 9% lower than the prior year, with slots revenue down approximately 3% for the quarter. The Company’s table games volume, excluding baccarat, was down 7% in the quarter, while baccarat volume was down 6% compared to the prior year quarter. The overall table games hold percentage was lower in 2010 than the prior year quarter; in the current year third quarter the hold percentage was above the midpoint of the Company’s normal 18% to 22%, while in the 2009 quarter it was above the high end of the range.

Operating loss for the third quarter of 2010 is expected to be approximately $206 million which includes the CityCenter investment impairment, the Borgata impairment and the Company’s share of the CityCenter residential impairment charge discussed further below. Prior year operating loss was $963 million and included an impairment charge related to the Company’s investment in CityCenter and the Company’s share of a CityCenter residential impairment charge.

Adjusted Property EBITDA² attributable to wholly-owned operations is expected to be approximately $314 million in the 2010 quarter, down 13% compared to the prior year.

Income from Unconsolidated Affiliates

The Company expects a loss from unconsolidated affiliates of $7 million in the third quarter of 2010 compared to a loss of $133 million in the prior year third quarter.

MGM Macau is expected to earn operating income of $61 million in the third quarter of 2010 — including depreciation expense of $22 million — compared to operating income of $50 million in the 2009 third quarter — which included depreciation expense of $23 million.

Expected results for CityCenter for the third quarter of 2010 include the following (see schedules accompanying this release for further detail on CityCenter Holdings, LLC’s third quarter and year-to-date 2010 results):

	•		CityCenter expects net revenues of $413 million in the third quarter, including $166 million related to residential operations, of which $28 million related to forfeited residential deposits;
	•		Aria expects net revenue of $219 million and Adjusted EBITDA of $41 million. Aria’s results were positively affected by a high table games hold percentage, which increased Adjusted EBITDA by approximately $26 million;
	•		Aria’s occupancy percentage was 82% and its average daily rate was $175, resulting in REVPAR of $142; and
	•		CityCenter’s recorded an approximately $93 million impairment charge related to its residential inventory due to an increase in estimated final costs of the residential components, and expects to record a $279 million impairment charge related to its Harmon Hotel & Spa component; the Harmon impairment did not affect the Company’s loss from unconsolidated affiliates because the Company’s 50% share of the impairment charge had been previously recognized by the Company in connection with prior impairments of its investment balance.

The Company recorded its share of CityCenter’s results, including adjustments for recognition of basis differences as follows ((expense)/income):

Three months ended September 30,		2010				2009
		(In thousands)
Preopening and start-up expenses		$	—			$	(10,671	)
Income (loss) from unconsolidated affiliates			(46,420	)			(204,333	)
Non-operating items from unconsolidated affiliates			(21,199	)			(758	)

Financial Position

At September 30, 2010, the Company had approximately $12.9 billion of indebtedness (with a carrying value of $12.6 billion), including $3.4 billion of borrowings outstanding under its senior credit facility, with available borrowing capacity under the senior credit facility of approximately $1.3 billion.

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, pre-opening 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 our 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.

* * *

Statements in this release which are not historical facts are “forward looking” statements and “safe harbor statements” within the meaning of Section 21E of the U.S. the Securities Exchange Act of 1934, as amended, and other related laws that involve risks and/or uncertainties, including risks and/or uncertainties as described in the company’s public filings with the Securities and Exchange Commission. We have based those 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 expectations to report the third quarter 2010 results described in this release. 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 the preliminary stage of our financial statement preparation for the third quarter of 2010 and the possibility of revisions to these results in connection with our, and our auditor’s, final review and approval of such financial statements. 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.

Contacts:
Investment Community		News Media
DANIEL J. D’ARRIGO		ALAN M. FELDMAN
Executive Vice President,		Senior Vice President
Chief Financial Officer		Public Affairs
(702) 693-8895		(702) 650-6947

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
SUPPLEMENTAL DATA — NET REVENUES
(In thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Bellagio		$	269,370			$	262,436			$	766,973			$	795,017
MGM Grand Las Vegas			231,626				266,349				708,061				737,108
Mandalay Bay			186,129				185,539				545,959				553,711
The Mirage			152,306				182,376				423,992				483,352
Luxor			81,514				88,609				238,900				263,038
Treasure Island (1)			—				—				—				66,329
New York-New York			64,393				60,721				185,987				191,609
Excalibur			65,631				71,451				190,565				203,944
Monte Carlo			57,315				52,120				167,623				153,223
Circus Circus Las Vegas			52,038				54,962				141,721				155,768
MGM Grand Detroit			132,366				124,753				404,893				389,365
Beau Rivage			85,792				85,970				252,915				251,610
Gold Strike Tunica			40,389				39,493				114,879				118,057
Management operations			101,690				25,374				307,820				69,197
Other operations			38,480				33,070				103,838				94,845
		$	1,559,039			$	1,533,223			$	4,554,126			$	4,526,173

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
SUPPLEMENTAL DATA — ADJUSTED PROPERTY EBITDA
(In thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Bellagio		$	75,858			$	61,876			$	195,137			$	206,336
MGM Grand Las Vegas			40,011				70,727				130,604				168,040
Mandalay Bay			30,435				36,222				96,177				128,059
The Mirage			31,980				54,513				80,624				116,611
Luxor			14,114				18,989				44,455				59,797
Treasure Island (1)			—				—				—				12,729
New York-New York			21,943				17,990				59,561				61,587
Excalibur			15,881				19,176				49,158				57,140
Monte Carlo			7,930				3,930				24,038				32,172
Circus Circus Las Vegas			6,126				7,753				13,350				24,861
MGM Grand Detroit			40,466				32,729				118,436				106,898
Beau Rivage			17,637				18,046				51,040				52,905
Gold Strike Tunica			11,704				11,534				31,590				36,965
Management operations			(1,554	)			4,347				(9,120	)			13,258
Other operations			1,893				1,704				2,032				3,412
Wholly-owned operations			314,424				359,536				887,082				1,080,770
CityCenter (50%)			(46,420	)			(204,334	)			(220,593	)			(207,204	)
Macau (50%)			29,372				23,557				71,165				14,866
Other unconsolidated resorts			9,924				48,070				35,484				79,755
		$	307,300			$	226,829			$	773,138			$	968,187

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA AND ADJUSTED EBITDA
(In thousands)
(Unaudited)

Three Months Ended September 30, 2010

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				and				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	52,040			$	—			$	(18	)		$	23,836			$	75,858
MGM Grand Las Vegas			20,855				—				(45	)			19,201				40,011
Mandalay Bay			5,023				—				2,181				23,231				30,435
The Mirage			16,104				—				450				15,426				31,980
Luxor			3,666				—				11				10,437				14,114
New York-New York			14,307				—				763				6,873				21,943
Excalibur			10,300				—				—				5,581				15,881
Monte Carlo			(1,954	)			—				3,765				6,119				7,930
Circus Circus Las Vegas			1,024				—				4				5,098				6,126
MGM Grand Detroit			30,724				—				(484	)			10,226				40,466
Beau Rivage			4,950				—				348				12,339				17,637
Gold Strike Tunica			7,532				—				549				3,623				11,704
Management operations			(4,986	)			—				—				3,432				(1,554	)
Other operations			(53	)			30				(1	)			1,917				1,893
Wholly-owned operations			159,532				30				7,523				147,339				314,424
CityCenter (50%)			(46,420	)			—				—				—				(46,420	)
Macau (50%)			29,372				—				—				—				29,372
Other unconsolidated resorts			9,924				—				—				—				9,924
			152,408				30				7,523				147,339				307,300
Stock compensation			(8,599	)			—				—				—				(8,599	)
Corporate			(349,710	)			—				310,631				11,518				(27,561	)
		$	(205,901	)		$	30			$	318,154			$	158,857			$	271,140

Three Months Ended September 30, 2009

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				and				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	29,495			$	—			$	1,206			$	31,175			$	61,876
MGM Grand Las Vegas			50,634				—				5				20,088				70,727
Mandalay Bay			13,822				145				(73	)			22,328				36,222
The Mirage			37,368				—				17				17,128				54,513
Luxor			10,542				(759	)			(12	)			9,218				18,989
New York-New York			6,775				—				1,394				9,821				17,990
Excalibur			13,413				—				(14	)			5,777				19,176
Monte Carlo			(5,685	)			—				2,456				7,159				3,930
Circus Circus Las Vegas			1,910				—				80				5,763				7,753
MGM Grand Detroit			17,889				—				5,906				8,934				32,729
Beau Rivage			5,819				—				—				12,227				18,046
Gold Strike Tunica			7,774				—				—				3,760				11,534
Management operations			847				—				2,473				1,027				4,347
Other operations			238				—				—				1,466				1,704
Wholly-owned operations			190,841				(614	)			13,438				155,871				359,536
CityCenter (50%)			(215,006	)			10,672				—				—				(204,334	)
Macau (50%)			23,557				—				—				—				23,557
Other unconsolidated resorts			48,070				—				—				—				48,070
			47,462				10,058				13,438				155,871				226,829
Stock compensation			(9,319	)			—				—				—				(9,319	)
Corporate			(1,001,562	)			—				957,770				14,780				(29,012	)
		$	(963,419	)		$	10,058			$	971,208			$	170,651			$	188,498

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDA AND ADJUSTED EBITDA
(In thousands)
(Unaudited)

Nine Months Ended September 30, 2010

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				and				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	122,871			$	—			$	(125	)		$	72,391			$	195,137
MGM Grand Las Vegas			72,134				—				(45	)			58,515				130,604
Mandalay Bay			23,758				—				2,840				69,579				96,177
The Mirage			29,535				—				311				50,778				80,624
Luxor			12,237				—				1				32,217				44,455
New York-New York			31,737				—				6,858				20,966				59,561
Excalibur			31,103				—				784				17,271				49,158
Monte Carlo			1,928				—				3,765				18,345				24,038
Circus Circus Las Vegas			(2,529	)			—				229				15,650				13,350
MGM Grand Detroit			88,391				—				(484	)			30,529				118,436
Beau Rivage			13,768				—				351				36,921				51,040
Gold Strike Tunica			21,336				—				(551	)			10,805				31,590
Management operations			(19,453	)			—				—				10,333				(9,120	)
Other operations			(3,546	)			567				4				5,007				2,032
Wholly-owned operations			423,270				567				13,938				449,307				887,082
CityCenter (50%)			(224,087	)			3,494				—				—				(220,593	)
Macau (50%)			71,165				—				—				—				71,165
Other unconsolidated resorts			35,484				—				—				—				35,484
			305,832				4,061				13,938				449,307				773,138
Stock compensation			(26,156	)			—				—				—				(26,156	)
Corporate			(1,545,817	)			—				1,431,187				37,450				(77,180	)
		$	(1,266,141	)		$	4,061			$	1,445,125			$	486,757			$	669,802

Nine Months Ended September 30, 2009

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				and				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	115,925			$	—			$	2,360			$	88,051			$	206,336
MGM Grand Las Vegas			99,022				—				81				68,937				168,040
Mandalay Bay			56,954				897				(70	)			70,278				128,059
The Mirage			66,158				—				313				50,140				116,611
Luxor			30,300				(759	)			259				29,997				59,797
Treasure Island (1)			12,730				—				(1	)			—				12,729
New York-New York			35,549				—				1,631				24,407				61,587
Excalibur			39,543				—				(12	)			17,609				57,140
Monte Carlo			18,521				—				(4,737	)			18,388				32,172
Circus Circus Las Vegas			7,413				—				(35	)			17,483				24,861
MGM Grand Detroit			70,658				—				5,906				30,334				106,898
Beau Rivage			16,139				—				157				36,609				52,905
Gold Strike Tunica			24,636				—				—				12,329				36,965
Management operations			4,699				—				2,473				6,086				13,258
Other operations			(1,131	)			—				6				4,537				3,412
Wholly-owned operations			597,116				138				8,331				475,185				1,080,770
CityCenter (50%)			(233,790	)			26,586				—				—				(207,204	)
Macau (50%)			14,866				—				—				—				14,866
Other unconsolidated resorts			78,940				815				—				—				79,755
			457,132				27,539				8,331				475,185				968,187
Stock compensation			(27,076	)			—				—				—				(27,076	)
Corporate			(907,277	)			—				771,000				46,692				(89,585	)
		$	(477,221	)		$	27,539			$	779,331			$	521,877			$	851,526

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED EBITDA TO NET LOSS
(In thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Adjusted EBITDA		$	271,140			$	188,498			$	669,802			$	851,526
Preopening and start-up expenses			(30	)			(10,058	)			(4,061	)			(27,539	)
Property transactions, net			(318,154	)			(971,208	)			(1,445,125	)			(779,331	)
Depreciation and amortization			(158,857	)			(170,651	)			(486,757	)			(521,877	)
Operating loss			(205,901	)			(963,419	)			(1,266,141	)			(477,221	)
Non-operating income (expense):
Interest expense, net			(285,139	)			(181,899	)			(840,483	)			(554,822	)
Other			(19,887	)			(12,930	)			75,633				(261,216	)
			(305,026	)			(194,829	)			(764,850	)			(816,038	)
Loss before income taxes			(510,927	)			(1,158,248	)			(2,030,991	)			(1,293,259	)
Benefit for income taxes			193,711				407,860				733,558				435,495
Net loss		$	(317,216	)		$	(750,388	)		$	(1,297,435	)		$	(857,764	)

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
SUPPLEMENTAL DATA — HOTEL STATISTICS — LAS VEGAS STRIP
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Bellagio
Occupancy %			94.8	%			95.7	%			93.5	%			95.0	%
Average daily rate (ADR)		$	200			$	195			$	203			$	203
Revenue per available room (REVPAR)		$	190			$	187			$	190			$	193
MGM Grand Las Vegas
Occupancy %			94.6	%			97.1	%			94.1	%			95.7	%
ADR		$	108			$	109			$	114			$	113
REVPAR		$	102			$	106			$	107			$	108
Mandalay Bay
Occupancy %			91.2	%			93.6	%			90.0	%			90.3	%
ADR		$	155			$	147			$	157			$	161
REVPAR		$	142			$	137			$	141			$	145
The Mirage
Occupancy %			95.8	%			97.1	%			93.3	%			95.0	%
ADR		$	117			$	119			$	122			$	127
REVPAR		$	112			$	115			$	114			$	120
Luxor
Occupancy %			92.1	%			94.4	%			89.7	%			91.7	%
ADR		$	73			$	75			$	76			$	80
REVPAR		$	67			$	71			$	68			$	74
New York-New York
Occupancy %			93.2	%			96.7	%			92.1	%			94.0	%
ADR		$	87			$	92			$	91			$	96
REVPAR		$	81			$	89			$	84			$	90
Excalibur
Occupancy %			94.9	%			95.0	%			89.6	%			89.6	%
ADR		$	54			$	59			$	57			$	61
REVPAR		$	51			$	56			$	51			$	55
Monte Carlo
Occupancy %			95.5	%			95.6	%			91.4	%			92.3	%
ADR		$	74			$	82			$	78			$	84
REVPAR		$	71			$	78			$	71			$	78
Circus Circus Las Vegas
Occupancy %			86.8	%			88.8	%			78.9	%			85.6	%
ADR		$	42			$	43			$	43			$	44
REVPAR		$	37			$	39			$	34			$	38

CITYCENTER HOLDINGS, LLC
SUPPLEMENTAL DATA — NET REVENUES
(In thousands)
(Unaudited)

		Three Months				Nine Months
		Ended				Ended
		September 30,				September 30,
		2010				2010
Aria		$	219,418			$	535,915
Vdara			10,859				28,629
Crystals			9,182				22,952
Mandarin Oriental			7,470				21,528
Resort operations			246,929				609,024
Residential operations			165,965				464,417
		$	412,894			$	1,073,441

CITYCENTER HOLDINGS, LLC
RECONCILIATION OF ADJUSTED EBITDA TO NET LOSS
(In thousands)
(Unaudited)

		Three Months				Nine Months
		Ended				Ended
		September 30,				September 30,
		2010				2010
Adjusted EBITDA		$	52,357			$	52,419
Preopening and start-up expenses			—				(6,202	)
Property transactions, net			(372,035	)			(600,133	)
Depreciation and amortization			(80,821	)			(230,004	)
Operating loss			(400,499	)			(783,920	)
Non-operating income (expense):
Interest expense, net			(65,618	)			(174,342	)
Other			(189	)			(4,910	)
			(65,807	)			(179,252	)
Net loss		$	(466,306	)		$	(963,172	)

CITYCENTER HOLDINGS, LLC
RECONCILIATION OF OPERATING LOSS TO ADJUSTED EBITDA
(In thousands)
(Unaudited)

Three Months Ended September 30, 2010

						Preopening and				Property				Depreciation
						start-up				transactions,				and				Adjusted
		Operating loss				expenses				net				amortization				EBITDA
Aria		$	(19,594	)		$	—			$	—			$	60,965			$	41,371
Vdara			(9,646	)			—				—				9,059				(587	)
Crystals			(3,158	)			—				—				5,599				2,441
Mandarin Oriental			(7,935	)			—				—				4,311				(3,624	)
Resort operations			(40,333	)			—				—				79,934				39,601
Residential operations			(67,056	)			—				92,813				308				26,065
Development and administration			(293,110	)			—				279,222				579				(13,309	)
		$	(400,499	)		$	—			$	372,035			$	80,821			$	52,357

Nine Months Ended September 30, 2010

						Preopening and				Property				Depreciation
						start-up				transactions,				and				Adjusted
		Operating loss				expenses				net				amortization				EBITDA
Aria		$	(160,725	)		$	—			$	—			$	173,061			$	12,336
Vdara			(31,175	)			—				—				26,182				(4,993	)
Crystals			(10,405	)			—				—				16,013				5,608
Mandarin Oriental			(23,629	)			—				—				12,065				(11,564	)
Resort operations			(225,934	)			—				—				227,321				1,387
Residential operations			(244,648	)			—				320,911				914				77,177
Development and administration			(313,338	)			6,202				279,222				1,769				(26,145	)
		$	(783,920	)		$	6,202			$	600,133			$	230,004			$	52,419