1

Best-in-Class Destination Resort

$1 Billion Investment

Over 3,000 Permanent Jobs

$120 Million License Fee

Earning a Living Wage

$227 Million Annual Gaming Taxes

2

Presentation Outline

Economic Activity and Business Development1

Local Community Impact 2Workforce Development3

● Introduce Team – All with Extensive New York Experience● Town of Montgomery – Orange County● Genting New York Track Record● Master Plan and Architecture

3

All with New York Experience, Diverse and Multi-Disciplined

Genting Americas Executive Committee

Christian GoodeChairmanPresident, RW Orange County

Jessica HoppeGeneral CounselGeneral Counsel, RW Miami

Kevin JonesDiversity & Community AffairsGeneral Counsel, RW NYC

Michael SpellerGaming OperationsPresident, RW Massachusetts

Edward FarrellFinancePresident, RW NYC

Thuy TrinhInternational VIP MarketingPresident, RW Bahamas

Ryan EllerNon-Gaming OperationsCFO, RW NYC

4

Orange County is Closest to $4 Billion Unsatisfied NYC Market

Region One – Hudson/Catskill Region

Delaware

Greene Columbia

DutchessUlster

Sullivan

Orange

New York CityNJ

PA

CT

NY

MA

Casino Zone

5

Exit 16 Woodbury Common –Too Congested for 5 Million More Vehicles

Resorts World Hudson Valley Selects Exit 17

New York City

NJ

PACT

Exit 16 – Currently 17 Million

Resorts World Hudson ValleyExit 17 – Currently 11 Million

NY

Casino Zone

6

“Transportation Hub of the Northeast”

Towns of Montgomery/Newburgh

Montgomery/Newburgh

New York City

Kingston

MiddletownPort Jervis

NJ

PA

CT

NY

Danbury

7

Large 373 Acres – Designed to Grow as an Integrated Resort

Resorts World Hudson Valley Location Map

Town of Montgomery Town of Newburgh

Stewart Airport

8

9

Potential for Broad Range of Family-Friendly Attractions

Resorts World Hudson Valley Master Plan

InterpretiveTrail

ParkingGarage

Parking LotFuture Water Park/

Parking Lot

EntertainmentCenter

ConventionCenter

HotelPorte

Cochere VIPPorte

Cochere

CasinoPorte

Cochere

Maple Ave.

Pool /NightClub

Central Plant

N

10

Offset Winter Low Season

Future Water Park

Body & TubeSlide Tower

Boomerango SuperbowlComplex

WavePoolCafe

The RideHouse500

Kids Play Structure

PartyRoom

The Tornado

The Mammoth Family Tube Slide

Toilets

PicnicTables

FoodKiosk

FlowRider

SandBeach

BeachCabanas Drink

Kiosk

FoodKiosk

Wave Pool

BeachCabanas

Beach Side Restaurant &

Bar

ToiletsRetailRamp

UPLockers

Toilets

First Aid

FoodKiosk

11

12

14.6 Million Adults in NYC Metropolitan Statistical Area

Source: CSFB

$4 Billion of Unsatisfied NYC Casino Market

New York City St. Louis Detroit Pittsburgh Philadelphia Chicago

$92

$474

$409

$322 $317$288

Average: $362

Casino Spending Per Adult

13

Source: UNLV Research

Resorts World Casino NYC Increased NY Revenues by More Than 80%

New York Commercial Casino Revenues

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Resorts WorldCasino NYC

42% of Market

Other NY Casinos

Estimated

$2.0

$1.5

$1.0

$0.5

–

Billion

14

Source: NYS Lottery Website

Resorts World Grew 3% While New York Declined 3% Over the Last 9 Months

Monthly Revenue Growth/Decline (Year-Over-Year)

New York State

-3%

+3%Resorts World

15

Management Efforts to Maintain Growth

Better than Expected Success

● More Loyalty Points● Live Table Games

Investment

Marketing

● $880M Investment● Future Expansion

on Large Site

● $300 M More than Promised● 3rd Floor Events Center

● Genting Loyalty Program● ETGs for Asian Baccarat

Resorts World Hudson Valley

Resorts World Casino New York City

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Marketing Strategies

● 12 Luxury Coaches with Wifi, Reclining Seats

● Bus Routes in Manhattan And Elmhurst

Grow Market

Unique Features

● Focus on Unsatisfied Market

● Recapture from Other States

● Favorable Tax and Operating Conditions to Further Improve– Freeplay– Comps– 24 hours

Resorts World Hudson Valley

Resorts World Casino New York City

● Bus Program to Eastern CT and PA

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18

Local and Regional

Community Benefits

● Guaranteed $20.7 Million Annual Payments

– Town – $4.7 Million

– School – $13 Million

– Local Villages – $3 Million

● Over 3,000 Permanent Jobs

● Over 2,000 Construction Jobs

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Outpouring of Support

● Town Board of Montgomery, NY & Villages of Maybrook, Montgomery & Walden

● Hudson Valley Building & Construction Trades Council, Laborers’ International Union of North America, Hotel Trades Council

● Dutchess County, Orange County & Orange County Chamber of Commerce

● Valley Central School District

● Community Foundation of Orange & Sullivan Counties

● Orange County Partnership

● City of Port Jervis, NY

● City of Middletown, NY

20

Source: Bureau of Labor Statistics, 2013 LAUS

Highest Compensation Due to NY Labor Agreement

Resort Will Create More than 3,000 Careers

$39,000

$60,000

Resorts World Hudson Valley

National Casino Average

Average Annual Wages & Benefits

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Source: Bureau of Labor Statistics, 2013 LAUS

Employees Will Come From Across the Region

Orange County Has the Highest Number of Unemployed

Unemployed

Orange County 12,503 7.2%

Ulster County 6,667 7.8%

Sullivan County 2,903 8.7%

Number Rate

22

Resorts World Hudson Valley is Centrally Located

Locations of High Unemployment

Monticello35 miles

Port Jervis35 miles

Newburgh 8 miles

Kingston40 miles

Poughkeepsie24 miles

RW Hudson Valley

Orange

Ulster

Dutchess

Putnam

Sullivan

Sussex

Rockland Westchester

Passaic

Middletown12 miles

23

New Opportunities

Transformative Workforce Development

Maximize Direct Job Creation

Well Paying Careers

● Regional Employment Centers● Over 98% Local Workforce

● Compensation $60,000+● Hiring Preference

Workforce Development Program

● Colleges● Veterans

24

Genting Supports Minority and Women-Owned Business Enterprises

Diversity Plan–Proven in Resorts World Casino NYC

● Over 33% of Goods and Services Purchased from MWBE’s

● Over 30% MWBE Construction Contractors

25

Best Practices in New York State

Problem Gaming and Alcohol Safeguards

● Partnership with NY Council on Problem Gaming

● Robust Self-Exclusion Policy

● Unprecedented Shut-Off Policy

26

Summary

$1 Billion Investment

Over 3,000 Permanent Jobs

$120 Million License Fee

Earning a Living Wage

$227 Million Annual Gaming Taxes

Maximizing Economic Benefits • Positive Impact • Job Creation • Sustainability

Maximizing Economic Benefits • Positive Impact • Job Creation • Sustainability

We look forward to making Resorts World Hudson Valley a Reality

THANK YOU!