Melco Crown Entertainment Ranked on the Forbes Asia's Fab 50 List

Melco Crown Entertainment Ranked on the Forbes Asia's Fab 50 List

Prestigious Testimony to its Pioneering Role in Bringing World Class
Entertainment to Asia

MACAU, Aug. 29, 2013 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited
("Melco Crown Entertainment" or "the Company") (SEHK:6883) (Nasdaq:MPEL), a
developer, and through licensed subsidiaries, operator of casino gaming and
entertainment resort facilities in Asia, announced today that it has been
included on the Forbes Asia's "Fabulous 50" list ("Forbes Asia's Fab 50") for
2013, ranking the best big companies in the region.

Forbes Asia's Fab 50 companies are the best of Asia Pacific's biggest
publicly-traded companies, with at least US$3 billion in annual revenue or
market capitalization. Companies are selected from a pool of 1,220 companies
according to several criteria, including revenue, earnings, return on capital,
share-price movements and outlook. The 50 chosen companies represent the
region's best of the best, reflecting solid financial track records and great
management and entrepreneurial skill.

Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown
Entertainment, said, "We are very honored to be listed on the Forbes Asia's
Fab 50 list among Asia's most elite companies. This is prestigious recognition
of our success in the last year in which we achieved record-breaking results
driven by our operational excellence and bold innovation. We continue to make
significant advances in Macau and across Asia by introducing innovative,
world-class entertainment and leisure attractions which further enhance the
integrated resort experience.

"Over the years, we have continually marched towards realizing our company's
vision of becoming a leading gaming and entertainment company in Asia. This
started with Altira Macau in 2007, followed by our first integrated resort in
Macau, City of Dreams, which opened in 2009. Next, we will expand our presence
in Macau with the development of Studio City and our fifth hotel tower at City
of Dreams, and we are setting our sights on a wider horizon across Asia,
beginning with our new integrated resort complex in Manila. Being one of the
Asia's leading entertainment companies, we are replicating our success in
Macau with an aim to shape a more exciting entertainment industry throughout
Asia in the future.

"I would like to thank our colleagues, shareholders and business partners for
their continuous support, which has enabled us to realize our many initiatives
aimed at making Melco Crown Entertainment a leading company in the region."

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. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), 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, and a number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement. These factors include, but are not limited to, (i)
growth of the gaming market and visitation in Macau, (ii) capital and credit
market volatility, (iii) local and global economic conditions, (iv) our
anticipated growth strategies, and (v) our future business development,
results of operations and financial condition. 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.Further information regarding these and other risks,
uncertainties or factors is included in the Company's filings with the SEC.
All information provided in this announcement is as of the date of this
release, and the Company undertakes no duty to update such information, except
as required under applicable law.

About Melco Crown Entertainment Limited

Melco Crown Entertainment, with its shares listed on the Main Board of The
Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange")
(SEHK:6883) and its American depositary shares listed on the NASDAQ Global
Select Market (Nasdaq:MPEL), is a developer, and through licensed
subsidiaries, operator of casino gaming and entertainment casino resort
facilities in Asia. Melco Crown Entertainment currently operates Altira Macau
(, a casino hotel located at Taipa, Macau and City of
Dreams (, an integrated urban casino resort located
in Cotai, Macau. Melco Crown Entertainment's business also includes the Mocha
Clubs (, which comprise the largest non-casino based
operations of electronic gaming machines in Macau. The Company is also
developing the planned Studio City Project, a cinematically-themed integrated
entertainment, retail and gaming resort in Cotai, Macau. In the Philippines,
MCE Leisure (Philippines) Corporation, a subsidiary of Melco Crown
Entertainment, has been cooperating with SM Group's Belle Corporation to
develop and operate a casino, hotel, retail and entertainment integrated
resort in the Entertainment City complex in Manila. For more information about
Melco Crown Entertainment, please visit

Melco Crown Entertainment has strong support from both of its major
shareholders, Melco International Development Limited ("Melco") and Crown
Limited ("Crown"). Melco is a listed company on the Hong Kong Stock Exchange
and is substantially owned and led by Mr. Lawrence Ho, who is Co-Chairman, an
Executive Director and the CEO of Melco Crown Entertainment. Crown is a top-50
company listed on the Australian Securities Exchange and led by Executive
Chairman Mr. James Packer, who is also Co-Chairman and a Non-executive
Director of Melco Crown Entertainment.

Investment Community, please contact:

Ross Dunwoody
Vice President, Investor Relations
Tel: +853 8868 7575 or +852 2598 3689

For media enquiry, please contact:

Maggie Ma
Head of Corporate Communications
Tel: +853 8868 3767 or +852 3151 3767
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