April 3, 2015 Lisa Marchese

Exhibit 10.1

April 3, 2015

Xxxx Xxxxxxxx

0000 Xxxx Xxxxxx Xx.

Xxxxxxxxx 000

Xxx Xxxxx, XX 00000

        RE:     SECOND LETTER AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Xxxx:

Reference is made to that certain Employment Agreement dated as of January 1, 2012, (as amended, 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 “Second Amendment”). In particular, the parties hereby acknowledge and agree the Specified Term of the Agreement is hereby further extended for a period of sixty (60) days, expiring on June 3, 2015.

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

NEVADA PROPERTY 1 LLC						EXECUTIVE
By:		/S/ Xxxxxxx X. XxXxxxx				By:		/S/ Xxxx Xxxxxxxx
		Name: Xxxxxxx X. XxXxxxx						Name: Xxxx Xxxxxxxx
		Title: Chief Marketing Officer						Title: Chief Marketing Officer

By:		/s/ Xxxxxxx X. Xxxxx
		Name: Xxxxxxx X. Xxxxx
		Title: General Counsel and Chief Compliance Officer