Exhibit 10.4

November 7, 2014

Tom McCartney

9712 Amber Peak Court

Las Vegas, Nevada 89144

        RE:    FIRST LETTER AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Tom:

Reference is made to that certain Employment Agreement, dated as of December 6, 2011, the (“Agreement”), by and between Nevada Property 1 LLC (“Employer”), and Tom McCartney (“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 1, 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/ John Unwin	By:	/s/ Thomas J. McCartney
	Name: John Unwin Title: Chief Executive Officer		Name: Thomas J. McCartney Title: Chief Operating Officer

By:	/s/ Ronald G. Eidell
	Name: Ronald G. Eidell Title: Chief Financial Officer