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Chinese And Australian Ambassadors To The Philippines Attend The Inauguration Of Melco Crown Entertainment's Integrated Resort Development In Entertainment City, Manila

MANILA, Philippines, March 15, 2013 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited ("Melco Crown Entertainment" or the "Company") (SEHK:6883) (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities currently focused on the Macau market, announced that its subsidiary, Melco Crown (Philippines) Resorts Corporation ("Melco Crown Philippines"), a company listed on the Philippine Stock Exchange today held an Officiating Ceremony to inaugurate MCE Leisure (Philippines) Corporation ("MCE Leisure")'s alliance with SM Group's Belle Corporation, and to announce MCE Leisure's integrated resort development in Entertainment City, Manila. MCE Leisure is a subsidiary of the Company and an affiliate of Melco Crown Philippines.

As a great honor for Melco Crown Philippines, Her Excellency Ms. Ma Keqing, China's Ambassador to the Philippines, His Excellency Mr. Bill Tweddell, Australia's Ambassador to the Philippines and Mr. Cristino L. Naguiat, Jr., Chairman and CEO of PAGCOR attended today's Officiating Ceremony as Guests-of-Honor. They joined Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, Mr. James Packer, Co-Chairman of Melco Crown Entertainment, Mr. Willy Ocier, Vice Chairman of Belle Corporation and senior representatives of the SM Group, in marking the official beginning of the entry of Melco Crown Entertainment into the fast-growing and dynamic leisure and tourism industry in the Philippines.

Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, said, "We are grateful of the support from the Chinese and Australian Embassies regarding our new integrated casino resort in Manila, which provides us with an opportunity to showcase our vast experience in designing and operating World-Class gaming and entertainment resorts in Asia. We would also like to express our gratitude to the Government of the Republic of the Philippines and PAGCOR for providing us with this unique opportunity to be involved in the exciting and dynamic Entertainment City development, which we believe will meaningfully enhance the Philippines as a World-Class leisure and tourism destination.

Located on a 6.2 hectare site at the gateway of Entertainment City, within the Manila Bay area, MCE Leisure's integrated resort complex will include mass market and VIP gaming facilities, unique food and beverage offerings, numerous innovative entertainment attractions together with high-end boutique and VIP and five-star luxury hotel rooms, suites and villas.

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