City of Dreams Macau Brings on Another Entertainment Spectacular

Debut of PSY's International Sensation Dance Hit "Gangnam Style" in Greater China Region for One Night Only

HONG KONG and MACAU, Nov. 23, 2012 /PRNewswire/ -- City of Dreams, with the ultimate goal of providing distinctive world-class entertainment experiences for visitors to Macau, offers not only cutting-edge extravaganzas such as "The House of Dancing Water" and "Taboo", but also performances from international superstars of the highest caliber. Once again, City of Dreams in collaboration with Club CUBIC demonstrates its transcendent ability to excite by bringing PSY (Park Jae-sang), the latest K-pop sensation, in town for his inaugural performance in Greater China. PSY is sure to fire the audience into frenzy with his popular K-pop "Gangnam Style" viral hit which should spark a wave of dances mimicking horse-riding in Macau.

The live collaboration between City of Dreams and many of the brightest Korean superstars has been a hot topic around town, including Asian icon Rain and famous Korean actress Jeon Ji-Hyun who came to City of Dreams for shooting their TV series and movies. This time, City of Dreams has invited Korea's hottest rapper PSY for an exclusive performance at Club CUBIC. PSY's international hit "Gangnam Style" music video, featuring his signature horse-riding dance, went viral beyond Korea, spreading across America and Europe enroute to breaking a number of records in the music industry. Following the crossover with the American pop diva Madonna and songbird Britney Spears, PSY has finally returned to Asia heading to Club CUBIC to present his catchy dance sensation "Gangnam Style", which is sweeping the whole world, in the Greater China for the first time.

And there's more! In order to thank our fans for their genuine support, City of Dreams is inviting enthusiasts to the "Gangnam Style" Parody Dance Contest. To participate, please "LIKE" the Facebook pages of City of Dreams and Club CUBIC from today onward, and then submit your own Gangnam Style video (>10sec) on or before November 25, 2012. Winners will have a chance to win two "Gangnam Style LIVE" admission tickets and other prizes.

Club CUBIC at City of Dreams, the largest and most prestigious nightclub in Macau, has always strived to bring international pop stars and DJ to deliver scintillating performances. Taio Cruz and LMFAO are amongst the many famous artists to grace the stage with unforgettable performances at Club CUBIC.

Please refer to the appendix below for ticket information of PSY GANGNAM STYLE LIVE and details of the "Gangnam Style" Parody Dance Contest.

Appendix I

Ticket Details

Appendix II

Gangnam Style" Parody Dance Contest Details

How to Join:
1. LIKE the Facebook page of City of Dreams.
2. Submit your own Gangnam Style video (>10sec) by November 25, 2012.
3. Shortlisted entries will be featured on City of Dreams Facebook page
(http://www.facebook.com/cityofdreamsmacau) from November 23 - 26, 2012.
4. Top 6 participants who get most LIKES will win the finalist prizes and will be invited to show their Gangnam style move on Club CUBIC Stage on November 29, 2012.
5. The winner will be entitled to a prize of one night stay at Hard Rock Hotel with two "The House of Dancing Water" tickets.

Terms and conditions apply. Details provided are subject to change without prior notice.

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 parent company of City of Dreams, 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 (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) the Company's anticipated growth strategies, and (v) the Company's 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 Limited ("Melco Crown Entertainment"), an entertainment company listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK: 6883) and the NASDAQ Global Select Market (NASDAQ: MPEL), is a developer, owner and through a Macau subsidiary which holds a gaming sub-concession, an operator of casino gaming and entertainment casino resort facilities focused on the Macau market. Melco Crown Entertainment currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Melco Crown Entertainment's business also includes the Mocha Clubs (www.mochaclubs.com), 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.  For more information about Melco Crown Entertainment, please visit www.melco-crown.com.

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.

About City of Dreams

City of Dreams is operated by a Macau subsidiary of Melco Crown Entertainment Limited, an entertainment company listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK: 6883) and the NASDAQ Global Select Market (NASDAQ: MPEL). It is an integrated entertainment resort that has established itself as a premier leisure and entertainment destination in Macau. Located in the heart of Cotai in Macau, it combines electrifying entertainment, a diverse array of accommodation, regional and international dining, designer brand shopping and a spacious and contemporary casino. The resort brings together a collection of world-renowned brands including Crown, Grand Hyatt, Hard Rock and Dragone to create an exceptional entertainment experience that aims to appeal to a broad spectrum of visitors from around Asia and the world. City of Dreams features a 420,000-square-foot casino with approximately 400 gaming tables and approximately 1,300 gaming machines; over 20 restaurants and bars; an impressive array of some of the world's most sought-after retail brands; and Dragon's Treasure, an iconic and spectacular audio visual multimedia experience. ‘The House of Dancing Water', the world's largest water-based extravaganza showcased in the purpose-built Dancing Water Theater, represents the live entertainment centerpiece of City of Dreams' overall leisure and entertainment offering.  A comprehensive range of accommodation options at City of Dreams include Crown Towers offering approximately 300 guest rooms, Hard Rock Hotel offering approximately 300 guest rooms and Grand Hyatt Macau offering approximately 800 guest rooms. A second planned phase of development at City of Dreams will feature an apartment hotel consisting of approximately 800 units. For more information please visit: www.cityofdreamsmacau.com (Official Website) and www.cityofdreamsmedia.com (Medial Portal). For The House of Dancing Water information, please visit www.thehouseofdancingwater.com (Official Website) and www.thehouseofdancingwatermedia.com (Media Portal).