May 30, 2019

Dear Colleagues,

I want to begin this note by thanking so many of you for your patience, support and focus over the last
several months. Redesigning an organization to achieve transformational change is difficult; I have been
deeply impressed with your personal leadership and commitment to embracing the challenging task of
implementing MGM 2020.

Just as I did previously, I am reaching out to keep you informed as we conduct the second and final
round of major organizational changes that have been planned as part of 2020. Since our last round of
position eliminations, we have made additional organizational changes to leadership structures that
resulted in 222 individuals whose positions were eliminated. Additionally, today, we will be meeting
with 557 individuals to let them know their positions at the Company have been eliminated. As is our
practice, we have taken strides to ensure our impacted colleagues were offered other options if those
existed and we have provided a non-working notice period where health benefits will continue and
severance to try and ease a life-changing transition. I stand behind the decisions we have made and
believe them necessary to assure our future, but I deeply regret the impacts they have on individuals
and their families.

The changes we are making today bring us closer to concluding the foundational work of MGM 2020
during which we streamlined our operating model and reduced our salaried staff by over 12 percent.
While we will always seek opportunities to operate in the highest performing way possible, we believe
that we will move into the growth chapter of MGM 2020 with a sound organizational structure. You will
hear much more from me and our MGM Resorts leadership team about this exciting phase of
investment and future growth.

I want to assure you the decisions of the last several months were made deliberately, carefully and with
gravity. Having done this foundational work, we will be stronger and better prepared for continued
success and industry leadership in 2020 and beyond.

Once again, you have my deepest gratitude for your steadfast commitment. I look forward to building a
vibrant future for MGM Resorts.

Sincerely,