MGM Resorts International Announces Adoption Of Regular Distribution Policy By MGM China Holdings Limited

MGM Resorts International Announces Adoption Of Regular Distribution Policy By
                          MGM China Holdings Limited

PR Newswire

LAS VEGAS, Feb. 28, 2013

LAS VEGAS, Feb. 28, 2013 /PRNewswire/ -- MGM Resorts International (NYSE: MGM)
today announced the adoption of a distribution policy by its 51% owned
subsidiary, MGM China Holdings Limited (SEHK 2282).

Pursuant to the announced policy, MGM China intends to pursue a dividend
policy pursuant to which it will make semi-annual distributions in an
aggregate amount per year not to exceed 35% of its anticipated consolidated
annual profits, taking into consideration the criteria described below and its
directors' fiduciary duties. MGM China may also declare special distributions
from time to time in addition to the semi-annual distributions.

It is anticipated that these distributions will be declared semi-annually
following the announcement of the half-year results and following the
announcement of the full year results. Dividends will be declared and paid in
Hong Kong dollars.

MGM China will evaluate its distribution policy and distributions made in any
particular year in light of its financial position, the prevailing economic
climate and expectations about the future macroeconomic environment and
business performance. The determination to make distributions will be made at
the discretion of the MGM China Board and will be based upon MGM China's
operations and earnings, development pipeline, cash flow, financial condition,
capital and other reserve requirements and surplus, general financial
conditions, contractual restrictions and any other conditions or factors which
the Board deems relevant and having regard to the directors' fiduciary
duties. The payment of distributions may also be limited by legal
restrictions and by MGM China's financing agreements (including any financing
agreements that MGM China may enter into in the future).

MGM China's ability to make distributions is also subject to the requirements
of Cayman Islands law and MGM China's Memorandum and Articles of Association.
Other limitations on MGM China's ability to declare and pay dividends include
the fact that, as a holding company, MGM China is dependent upon the receipt
of cash contributions from MGM Grand Paradise, S.A. (one of the subsidiaries
of MGM China) and its other subsidiaries to fund any dividend payments that
MGM China makes. As substantially all of MGM China's operations are conducted
through MGM Grand Paradise, S.A. and MGM China's other operating subsidiaries,
the ability of these subsidiaries to make dividend and other payments to MGM
China will be restricted by their constitutional documents and to the laws of
and regulations of the Macau SAR or other relevant laws and regulations to
which those subsidiaries are subject.

MGM Resorts International (NYSE: MGM) is one of the world's leading global
hospitality companies, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also
owns 51% 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%
of CityCenter in Las Vegas, which features ARIA resort and casino. For more
information about MGM Resorts International, visit the Company's website at
www.mgmresorts.com.

Statements in this release that are not historical facts are "forward-looking"
statements and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 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.

SOURCE MGM Resorts International

Website: http://www.mgmresorts.com
Contact: Daniel D'Arrigo, Executive Vice President, CFO & Treasurer,
+1-702-693-8895; Alan M. Feldman, Senior Vice President of Public Affairs,
+1-702-891-1840, afeldman@mgmresorts.com
 
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