MCE Finance Limited, A Wholly-Owned Subsidiary Of Melco Crown Entertainment Limited, Announces Its Offer To Exchange Notes

NEW YORK, Nov. 18, 2010 (GLOBE NEWSWIRE) -- MCE Finance Limited ("MCE Finance"), a wholly-owned subsidiary of Melco Crown Entertainment Limited (the "Company") (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, announced on November 17, 2010, the commencement of its offer to exchange all of the outstanding unregistered U.S.$600,000,000 10.25% Senior Notes due 2018 (the "Initial Notes") for U.S.$600,000,000 10.25% Senior Notes due 2018 that have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"). The terms of the Exchange Notes issued in the exchange offer are otherwise identical in all material respects to the terms of the Initial Notes. Both the Initial Notes and the Exchange Notes are guaranteed by the Company and certain of the Company's subsidiaries, MPEL International Limited, Melco Crown Gaming (Macau) Limited, MPEL Nominee One Limited, MPEL Investments Limited, Altira Hotel Limited, Altira Developments Limited, Melco Crown (COD) Hotels Limited, Melco Crown (COD) Developments Limited, Melco Crown (Cafe) Limited, Golden Future (Management Services) Limited, MPEL (Delaware) LLC, Melco Crown Hospitality and Services Limited, Melco Crown (COD) Retail Services Limited, Melco Crown (COD) Ventures Limited, COD Theatre Limited, Melco Crown COD (HR) Hotel Limited, Melco Crown COD (CT) Hotel Limited and Melco Crown COD (GH) Hotel Limited (together with the Company, the "Guarantors"). 

The exchange offer will expire at 5:00 p.m., New York City time, on December 21, 2010, unless such offer is extended by MCE Finance. 

If you are a holder of the Initial Notes and want to participate in the exchange offer:

MCE Finance has retained The Bank of New York Mellon as exchange agent for the exchange offer. A representative of the exchange agent, Mrs. Carolle Montreuil, can be reached at 212-815-5920 or [e-mail].

MCE Finance has retained BNY Mellon Shareowner Services as information agent and solicitation agent for the exchange offer. Questions and requests for assistance and requests for additional copies of the prospectus or of the letter of transmittal should be directed to the information agent at 1-800-777-3674 (toll free), or in writing at BNY Mellon Shareowner Services, 480 Washington Boulevard, 29th Floor, Jersey City, NJ 07310, United States of America.