November 7, 2014 Lisa Marchese

Exhibit 10.5

November 7, 2014

Xxxx Xxxxxxxx

0000 Xxxx Xxxxxx Xx.

Xxxxxxxxx 000

Xxx Xxxxx, Xxxxxx 00000

        RE:    FIRST LETTER AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Xxxx:

Reference is made to that certain Employment Agreement, dated as of January 1, 2012, the (“Agreement”), by and between Nevada Property 1 LLC (“Employer”), and Xxxx Xxxxxxxx (“Executive”). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement.

Employer and Executive have agreed to amend certain provisions of the Agreement by this letter amendment (this “First Amendment”). In particular, the parties hereby acknowledge and agree the Specified Term of the Agreement is hereby extended for a period of ninety (90) days, expiring on April 3, 2015.

Except as expressly modified by this First Amendment, the terms of the Agreement remain in full force and effect, unmodified.

NEVADA PROPERTY 1 LLC						EXECUTIVE
By:		/s/ Xxxx Xxxxx				By:		/s/ Xxxx Xxxxxxxx
		Name: Xxxx Xxxxx Title: Chief Executive Officer						Name: Xxxx Xxxxxxxx Title: Chief Marketing Officer

By:		/s/ Xxxxxx X. Xxxxxx
		Name: Xxxxxx X. Xxxxxx Title: Chief Financial Officer