LAS VEGAS, Oct. 20, 2011  -- MGM Resorts International (NYSE: MGM) and Creative Casinos, LLC today announced a strategic relationship to develop and manage the proposed Mojito Pointe casino resort in Lake Charles, Louisiana. In exchange for a cash investment and other consideration, MGM Resorts will receive an equity interest in Creative Casinos and a management agreement to operate Creative's Mojito Pointe casino resort.

Mojito Pointe is a luxury casino resort to be located on a 242-acre site in Lake Charles, Louisiana. The resort will appeal to customers in Southwest Louisiana and Southeast Texas, including the Houston area, the fifth largest metropolitan economy in the United States. MGM will manage the new resort under an MGM brand to be announced and the resort will be fully integrated into MGM's M life loyalty program. Creative Casinos will develop and own the resort, which is expected to contain a casino with approximately 1,500 slot machines and 50 table games and two hotels with a total of 400 hotel rooms, including 30 VIP suites. Construction on the resort is expected to begin before year-end in anticipation of an opening in mid-2013.

"The relationship with Creative Casinos is another milestone for our company," said Jim Murren, MGM Resorts International Chairman and CEO. "It provides MGM the opportunity to expand the reach of MGM's brands into an important regional market and promotes our efforts to further grow our M life customer loyalty program."

Daniel R. Lee, Chief Executive Officer of Creative Casinos said, "We are thrilled to welcome MGM Resorts International as an investor and as manager of Mojito Pointe. MGM is the largest casino operator in Las Vegas and is known for some of the most iconic brands in the gaming industry. MGM's brands reflect the high quality and luxury that we want to build into Mojito Pointe and, as one of the world's largest hospitality companies, MGM has a wealth of resources and experience that will result in the best possible project for Lake Charles. For example, our strategic partnership brings MGM's unique marketing knowledge, including access to regional marketing offices that have operated for more than 20 years. M life will further enhance the appeal of Mojito Pointe, offering our guests access to approximately 41,000 guest rooms on the Las Vegas Strip, as well as leading regional properties such as Beau Rivage in Biloxi and the Gold Strike in Tunica. We look forward to working with MGM to open and operate Mojito Pointe."

The transaction is subject to customary conditions, including regulatory approval, financing and entry into definitive agreements.

Morgan Stanley & Co. LLC and Jefferies & Company, Inc. have acted as joint financial advisors to Creative Casinos on this transaction.

Mojito Pointe is planned to offer:

• An elegant casino featuring 1,500 slot machines and 50 table games;
• Two hotels, consisting of a 372-guestroom hotel (including two VIP suites) designed to obtain a four-star rating and a 28-suite boutique VIP hotel;
• A 2,500-capacity showroom;
• A destination spa, tennis center, unique school of falconry, and 18-hole championship golf course with approximately 1.5 miles of water frontage;
• Numerous restaurants and bars, including an outlet of the award-winning Snake River Grill

For more information about Mojito Pointe, visit the property's website at www.MojitoPointeResort.com.

Statements in this release that are not historical facts are forward-looking statements involving risks and/or uncertainties, including those described in the company's public filings with the Securities and Exchange Commission. We have based 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 planned resort in Lake Charles, Louisiana; the construction and financing thereof; and the other terms and conditions of the planned transaction. 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.