Continued Strong EBITDAR Margins

Strong Revenue Growth Continues Revenue growth keeping pace with capacity expansion CAGR 14,677 +6.0% 13,868 (in millions $) 13,272 12,382 12,114 11,612 10,786 9,739 2009 2010 2011 2012 2013 2014 2015 2016 Unprecedented growth has increased revenue at 6% CAGR and 51% over seven years +51% 51

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