MACAU, Nov. 16, 2010 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL) ("Melco Crown Entertainment"), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, announced today that Altira Macau has been awarded the Forbes Five Star ratings in both Lodging and Spa categories for the second consecutive year. Altira Macau is a luxurious casino hotel located in Taipa, Macau, which is developed, owned and operated by Melco Crown Entertainment. Mr. Lawrence Ho, Co-Chairman and CEO of Melco Crown Entertainment, said: "We are honored to receive this very prestigious recognition again for Altira Macau's exceptional commitment in ensuring each and every guest experiences the true art of hospitality. Altira Macau has emerged as the top choice for travelers seeking flawless comfort and sophistication during their stay in the city. "Altira Macau represents Melco Crown Entertainment's in-depth understanding of the hospitality landscape in Asia and its commitment to the diversification of Macau's tourism industry. The awards reinforce our role in the transformation of Macau into an international travel and leisure destination for the most discerning guests." Forbes Five-Star Lodging Awards are granted to hotels with exceptionally distinctive luxury environment, offering consistently superlative, personalized service and extensive amenities and treatments. Forbes Five-Star Spa Awards are granted in recognition of the same level of exceptionally distinctive spa experiences located within a hotel. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Melco Crown Entertainment Limited (the "Company") may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: growth of the gaming market and visitation in Macau; increased competition and other planned casino hotel and resort projects in Macau and elsewhere in Asia; the completion of infrastructure projects in Macau; government regulation of the casino industry; our ability to raise additional financing; the formal grant of occupancy permits for areas of City of Dreams undergoing construction and/or development; our anticipated growth strategies; and our future business development, results of operations and financial condition. Further information regarding these and other risks is included in our Annual Report on Form 20-F filed on March 31, 2010 and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date of this release, and the Company undertakes no duty to update such information, except as required under applicable law.