Exhibit 99

MGM RESORTS INTERNATIONAL REPORTS FIRST QUARTER RESULTS

Earned Adjusted Property EBITDA of $364 million;
Las Vegas Strip REVPAR Increased 16%

Las Vegas, Nevada, May 4, 2011 — MGM Resorts International (NYSE: MGM) today reported financial results for the first quarter ended March 31, 2011. Key results for the first quarter included the following:

	•		Net revenue was $1.5 billion, an increase of 3% compared to the prior year quarter;
	•		Rooms revenue grew by 13% led by a 16% increase in Las Vegas Strip REVPAR1;
	•		Casino revenue decreased 5% mainly as a result of a lower than normal table games hold percentage;
	•		Net loss was $90 million, or $0.18 per share, compared to a net loss of $97 million, or $0.22 per share, in the prior year quarter. The prior year results include a gain on extinguishment of debt of $142 million (or $0.21 per share) and a pre-tax non-cash charge of approximately $86 million (or $0.13 per share) representing the Company’s share of a residential inventory impairment charge at CityCenter;
	•		Adjusted Property EBITDA2 was $364 million, an increase of 95% from the prior year quarter;
	•		Adjusted Property EBITDA attributable to wholly-owned operations was $301 million, a 12% increase from the prior year quarter;
	•		CityCenter reported Adjusted Property EBITDA related to its resort operations of $64 million; and
	•		MGM Macau reported a record quarter with operating income of $126 million, including depreciation expense of $20 million. This represents a 158% increase in operating income from the first quarter of 2010. The Company received approximately $31 million in distributions from MGM Macau during the first quarter of 2011.

“Our improved results are broadly based throughout our resort portfolio. Performance at our Las Vegas properties was driven by increased hotel occupancy and room rates. MGM Grand Detroit had another impressive quarter and remains the market leader. Results from joint ventures reflected record quarters at both MGM Macau and CityCenter,” said Jim Murren, MGM Resorts International Chairman and CEO. “Our belief that the Las Vegas recovery is underway is supported by our first quarter operating results and our positive early second quarter trends.”

Discussion of First Quarter Operating Results

The following table lists items which 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 March 31,		2011				2010
Preopening and start-up expenses		$	—			$	(0.01	)
Income (loss) from unconsolidated affiliates:
CityCenter residential inventory impairment charge			—				(0.13	)
CityCenter forfeited residential deposits income			—				0.02
Non-operating items from unconsolidated affiliates:
CityCenter loss on retirement of long-term debt			(0.02	)			—
Gain on extinguishment of long-term debt			—				0.21

Net revenue for the first quarter of 2011 was $1.5 billion, an increase of 3% compared to the prior year quarter. Casino revenue decreased 5% compared to the prior year quarter, primarily due to a lower table games hold percentage. The overall table games hold percentage in the first quarter of 2011 was below the low end of the Company’s normal range of 19% to 23%, which affected Adjusted Property EBITDA attributable to wholly-owned operations by approximately $34 million. The overall table game hold percentage in the first quarter of 2010 was near the mid-point of the Company’s normal range. Slot revenues increased 1% compared to the prior year quarter.

Rooms revenue increased 13% from the prior year quarter. Las Vegas Strip occupancy increased from 85% to 87% and ADR increased 13% to $130, leading to an increase in REVPAR of 16%. Food and beverage revenue increased 7%, mainly as a result of increased convention and banquet revenue. Entertainment, retail and other revenue increased 4%.

“We are seeing the benefits from initiatives put in place throughout the course of last year,” said Mr. Murren. “The operating leverage in our business model is reflected in the first quarter as margins increased despite a lower than normal table games hold percentage.”

Operating income for the first quarter of 2011 was $170 million compared to an $11 million operating loss in the first quarter of 2010. The 2010 quarter included $86 million related to the Company’s share of a CityCenter residential inventory impairment charge. Adjusted EBITDA was $322 million in the 2011 quarter, a 107% increase compared to $156 million in the 2010 quarter and was positively affected by improved operating performance at MGM Macau and CityCenter as discussed below.

Income (Loss) from Unconsolidated Affiliates

The Company reported income from unconsolidated affiliates of $63 million in the first quarter of 2011 compared to a loss of $81 million in the prior year period. The Company’s share of operating income from MGM Macau increased from $23 million to $62 million and its share of CityCenter operating losses decreased from $119 million (including approximately $86 million related to a residential inventory impairment charge) to $6 million. The prior year first quarter included $7 million for the Company’s share of operating income from Borgata.

MGM Macau reported operating income of $126 million in the first quarter of 2011, which included depreciation expense of $20 million, compared to operating income of $49 million in the 2010 first quarter, which included depreciation expense of $22 million.

Results for CityCenter for the first quarter of 2011 include the following (see schedules accompanying this release for further detail on CityCenter Holdings, LLC first quarter results):

	•		Net revenue from resort operations grew 46% to $262 million compared to $179 million in the prior year quarter;
	•		Aria’s net revenue increased 41% to $225 million;
	•		Aria’s Adjusted Property EBITDA was $55 million. Aria’s hold percentage was above the high end of its normal range in the current quarter which positively impacted Adjusted Property EBITDA by approximately $13 million;
	•		Aria’s occupancy percentage was 86% and its ADR was $201, resulting in REVPAR of $172, a 13% increase compared to the fourth quarter of 2010 and a 41% increase compared to the prior year first quarter;
	•		Crystals generated $6 million in Adjusted Property EBITDA compared to $1 million in the prior year quarter; and
	•		CityCenter recorded a $24 million loss on debt retirement related to the write-off of debt issuance costs in connection with the refinancing of its credit facility in January 2011.

Financial Position

At March 31, 2011, the Company had approximately $12.3 billion of indebtedness (with a carrying value of $12.1 billion), including $2.6 billion of borrowings outstanding under its senior credit facility. Available borrowing capacity under the senior credit facility was approximately $826 million. The Company repaid the remaining $325 million of its 8.375% senior subordinated notes in February at maturity.

“We have made tremendous strides over the past several quarters in strengthening our liquidity profile and extending our debt maturities,” said Dan D’Arrigo, MGM Resorts International Executive Vice President and CFO. “We currently have over $1.1 billion in available liquidity and will continue to remain focused on further improving our balance sheet.”

Conference Call Details

MGM Resorts International will hold a conference call to discuss its first quarter results at 12:00 p.m. Eastern Time today. The call will be accessible via the Internet through www.mgmresorts.com under the Investors section or by calling 1-877-274-9221 for Domestic callers and 1-706-634-6528 for International callers. The conference call access code is 61089887. A replay of the call will be available through Tuesday, May 10, 2011. The replay may be accessed by dialing 1-800-642-1687 or 1-706-645-9291. The replay access code is 61089887. The call will also be archived at www.mgmresorts.com.

1     REVPAR is hotel Revenue per Available Room.

2     “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. 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, 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 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.

* * *

MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts’ unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company’s renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association’s Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company’s commitment to sustainable development and operations. For more information about MGM Resorts International, visit the Company’s Web site at www.mgmresorts.com.

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 future operating results, liquidity to pay future indebtedness and potential economic recoveries. 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 we operate and competition with other destination travel locations throughout the United States and the world. 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 DANIEL J. D’ARRIGO Executive Vice President, Chief Financial Officer (702) 693-8895		News Media ALAN M. FELDMAN Senior Vice President Public Affairs (702) 650-6947

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)

		Three Months Ended
		March 31,				March 31,
		2011				2010
Revenues:
Casino		$	582,323			$	610,757
Rooms			368,337				325,676
Food and beverage			336,824				316,156
Entertainment			119,593				116,682
Retail			46,150				43,889
Other			114,223				109,006
Reimbursed costs			86,288				93,323
			1,653,738				1,615,489
Less: Promotional allowances			(148,784	)			(158,097	)
			1,504,954				1,457,392
Expenses:
Casino			342,868				345,945
Rooms			116,986				100,746
Food and beverage			198,248				182,612
Entertainment			88,211				90,996
Retail			29,159				27,999
Other			78,297				78,027
Reimbursed costs			86,288				93,323
General and administrative			269,562				276,054
Corporate expense			36,485				24,878
Preopening and start-up expenses			—				3,494
Property transactions, net			91				689
Depreciation and amortization			152,397				163,134
			1,398,592				1,387,897
Income (loss) from unconsolidated affiliates			63,343				(80,918	)
Operating income (loss)			169,705				(11,423	)
Non-operating income (expense):
Interest expense, net			(269,914	)			(264,175	)
Non-operating items from unconsolidated affiliates			(40,290	)			(23,350	)
Other, net			(3,955	)			141,855
			(314,159	)			(145,670	)
Loss before income taxes			(144,454	)			(157,093	)
Benefit for income taxes			54,583				60,352
Net loss		$	(89,871	)		$	(96,741	)
Per share of common stock:
Basic:
Net loss per share		$	(0.18	)		$	(0.22	)
Weighted average shares outstanding			488,539				441,240
Diluted:
Net loss per share		$	(0.18	)		$	(0.22	)
Weighted average shares outstanding			488,539				441,240

MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)

		March 31,				December 31,
		2011				2010
ASSETS
Current assets:
Cash and cash equivalents		$	431,275			$	498,964
Accounts receivable, net			317,974				321,894
Inventories			95,097				96,392
Income tax receivable			173,451				175,982
Deferred income taxes			84,567				110,092
Prepaid expenses and other			264,047				252,321
Total current assets			1,366,411				1,455,645
Property and equipment, net			14,426,622				14,554,350
Other assets:
Investments in and advances to unconsolidated affiliates			1,941,786				1,923,155
Goodwill			86,353				86,353
Other intangible assets, net			342,626				342,804
Deposits and other assets, net			596,551				598,738
Total other assets			2,967,316				2,951,050
		$	18,760,349			$	18,961,045
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$	138,533			$	167,084
Accrued interest on long-term debt			238,175				211,914
Other accrued liabilities			795,732				867,223
Total current liabilities			1,172,440				1,246,221
Deferred income taxes			2,371,875				2,469,333
Long-term debt			12,081,108				12,047,698
Other long-term obligations			215,764				199,248
Stockholders’ equity:
Common stock, $.01 par value: authorized 600,000,000 shares, issued 488,581,951 and 488,513,351 shares and outstanding 488,581,951 and 488,513,351 shares			4,886				4,885
Capital in excess of par value			4,068,751				4,060,826
Accumulated deficit			(1,156,736	)			(1,066,865	)
Accumulated other comprehensive income (loss)			2,261				(301	)
Total stockholders’ equity			2,919,162				2,998,545
		$	18,760,349			$	18,961,045

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Bellagio		$	251,384			$	249,047
MGM Grand Las Vegas			224,386				224,244
Mandalay Bay			178,343				167,193
The Mirage			148,293				135,492
Luxor			79,344				76,251
New York-New York			64,333				59,922
Excalibur			60,743				59,105
Monte Carlo			62,067				52,378
Circus Circus Las Vegas			42,234				41,959
MGM Grand Detroit			143,092				139,924
Beau Rivage			80,097				81,996
Gold Strike Tunica			36,284				36,997
Management operations			100,487				103,843
Other operations			33,867				29,041
		$	1,504,954			$	1,457,392

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Bellagio		$	53,901			$	61,966
MGM Grand Las Vegas			36,868				38,486
Mandalay Bay			36,444				25,400
The Mirage			32,399				25,425
Luxor			20,114				12,763
New York-New York			21,128				18,067
Excalibur			16,142				14,867
Monte Carlo			13,760				6,449
Circus Circus Las Vegas			4,573				1,693
MGM Grand Detroit			43,533				40,505
Beau Rivage			13,136				16,703
Gold Strike Tunica			9,448				10,061
Management operations			700				(3,862	)
Other operations			(1,575	)			(1,088	)
Wholly-owned operations			300,571				267,435
CityCenter (50%) (1)			(5,823	)			(118,611	)
Macau (50%) (1)			61,680				23,099
Other unconsolidated resorts (1)			7,486				14,757
		$	363,914			$	186,680

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

Three Months Ended March 31, 2011

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				And				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	28,814			$	—			$	—			$	25,087			$	53,901
MGM Grand Las Vegas			17,568				—				—				19,300				36,868
Mandalay Bay			14,242				—				—				22,202				36,444
The Mirage			18,020				—				28				14,351				32,399
Luxor			10,475				—				—				9,639				20,114
New York-New York			15,283				—				(85	)			5,930				21,128
Excalibur			10,948				—				—				5,194				16,142
Monte Carlo			7,965				—				—				5,795				13,760
Circus Circus Las Vegas			(144	)			—				—				4,717				4,573
MGM Grand Detroit			33,690				—				103				9,740				43,533
Beau Rivage			1,933				—				39				11,164				13,136
Gold Strike Tunica			6,008				—				—				3,440				9,448
Management operations			(2,739	)			—				—				3,439				700
Other operations			(2,986	)			—				(7	)			1,418				(1,575	)
Wholly-owned operations			159,077				—				78				141,416				300,571
CityCenter (50%)			(5,823	)			—				—				—				(5,823	)
Macau (50%)			61,680				—				—				—				61,680
Other unconsolidated resorts			7,486				—				—				—				7,486
			222,420				—				78				141,416				363,914
Stock compensation			(9,210	)			—				—				—				(9,210	)
Corporate			(43,505	)			—				13				10,981				(32,511	)
		$	169,705			$	—			$	91			$	152,397			$	322,193

Three Months Ended March 31, 2010

						Preopening and				Property				Depreciation
		Operating				start-up				transactions,				And				Adjusted
		income (loss)				expenses				net				amortization				EBITDA
Bellagio		$	37,564			$	—			$	(112	)		$	24,514			$	61,966
MGM Grand Las Vegas			18,383				—				—				20,103				38,486
Mandalay Bay			1,867				—				—				23,533				25,400
The Mirage			9,819				—				—				15,606				25,425
Luxor			1,437				—				—				11,326				12,763
New York-New York			11,013				—				14				7,040				18,067
Excalibur			8,238				—				784				5,845				14,867
Monte Carlo			456				—				—				5,993				6,449
Circus Circus Las Vegas			(3,646	)			—				—				5,339				1,693
MGM Grand Detroit			30,355				—				—				10,150				40,505
Beau Rivage			4,414				—				3				12,286				16,703
Gold Strike Tunica			6,429				—				—				3,632				10,061
Management operations			(7,193	)			—				—				3,331				(3,862	)
Other operations			(2,529	)			—				—				1,441				(1,088	)
Wholly-owned operations			116,607				—				689				150,139				267,435
CityCenter (50%)			(122,105	)			3,494				—				—				(118,611	)
Macau (50%)			23,099				—				—				—				23,099
Other unconsolidated resorts			14,757				—				—				—				14,757
			32,358				3,494				689				150,139				186,680
Stock compensation			(9,555	)			—				—				—				(9,555	)
Corporate			(34,226	)			—				—				12,995				(21,231	)
		$	(11,423	)		$	3,494			$	689			$	163,134			$	155,894

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Adjusted EBITDA		$	322,193			$	155,894
Preopening and start-up expenses			—				(3,494	)
Property transactions, net			(91	)			(689	)
Depreciation and amortization			(152,397	)			(163,134	)
Operating income (loss)			169,705				(11,423	)
Non-operating income (expense):
Interest expense, net			(269,914	)			(264,175	)
Other			(44,245	)			118,505
			(314,159	)			(145,670	)
Loss before income taxes			(144,454	)			(157,093	)
Benefit for income taxes			54,583				60,352
Net loss		$	(89,871	)		$	(96,741	)

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Bellagio
Occupancy %			90.8	%			90.9	%
Average daily rate (ADR)		$	225			$	197
Revenue per available room (REVPAR)		$	205			$	179
MGM Grand Las Vegas
Occupancy %			90.6	%			91.5	%
ADR		$	136			$	118
REVPAR		$	123			$	108
Mandalay Bay
Occupancy %			89.4	%			84.3	%
ADR		$	175			$	153
REVPAR		$	157			$	129
The Mirage
Occupancy %			93.1	%			89.2	%
ADR		$	149			$	134
REVPAR		$	138			$	120
Luxor
Occupancy %			88.0	%			85.1	%
ADR		$	93			$	84
REVPAR		$	82			$	72
New York-New York
Occupancy %			92.0	%			89.2	%
ADR		$	109			$	102
REVPAR		$	100			$	91
Excalibur
Occupancy %			86.0	%			81.0	%
ADR		$	74			$	68
REVPAR		$	64			$	55
Monte Carlo
Occupancy %			91.9	%			84.8	%
ADR		$	98			$	87
REVPAR		$	90			$	74
Circus Circus Las Vegas
Occupancy %			62.7	%			67.7	%
ADR		$	58			$	46
REVPAR		$	36			$	31

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Aria		$	224,963			$	159,633
Vdara			15,406				7,207
Crystals			11,713				6,255
Mandarin Oriental			10,321				6,043
Resort operations			262,403				179,138
Residential operations			8,721				80,724
		$	271,124			$	259,862

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

		Three Months Ended
		March 31,				March 31,
		2011				2010
Adjusted EBITDA		$	54,882			$	(8,720	)
Preopening and start-up expenses			—				(6,202	)
Property transactions, net			(18	)			(171,014	)
Depreciation and amortization			(91,756	)			(69,473	)
Operating loss			(36,892	)			(255,409	)
Non-operating income (expense):
Interest expense — sponsor notes, net			(18,436	)			(22,443	)
Interest expense — other, net			(47,057	)			(29,049	)
Other			(22,642	)			(3,568	)
			(88,135	)			(55,060	)
Net loss		$	(125,027	)		$	(310,469	)

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

Three Months Ended March 31, 2011

						Preopening and				Property				Depreciation
						start-up				transactions,				And				Adjusted
		Operating loss				expenses				net				amortization				EBITDA
Aria		$	(12,818	)		$	—			$	—			$	67,827			$	55,009
Vdara			(7,245	)			—				—				10,463				3,218
Crystals			(2,287	)			—				—				7,918				5,631
Mandarin Oriental			(4,453	)			—				—				4,968				515
Resort operations			(26,803	)			—				—				91,176				64,373
Residential operations			(5,591	)			—				—				481				(5,110	)
Development and administration			(4,498	)			—				18				99				(4,381	)
		$	(36,892	)		$	—			$	18			$	91,756			$	54,882

Three Months Ended March 31, 2010

						Preopening and				Property				Depreciation
						start-up				transactions,				And				Adjusted
		Operating loss				expenses				net				amortization				EBITDA
Aria		$	(65,749	)		$	—			$	—			$	53,852			$	(11,897	)
Vdara			(10,210	)			—				—				6,061				(4,149	)
Crystals			(3,736	)			—				—				4,861				1,125
Mandarin Oriental			(9,753	)			—				—				3,790				(5,963	)
Resort operations			(89,448	)			—				—				68,564				(20,884	)
Residential operations			(154,684	)			—				171,014				303				16,633
Development and administration			(11,277	)			6,202				—				606				(4,469	)
		$	(255,409	)		$	6,202			$	171,014			$	69,473			$	(8,720	)