City of Dreams to become a Must Experience Urban Resort

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Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment has outlined his vision for the City of Dreams in Macau, an urban entertainment resort under development by MPEL and scheduled to open in the first half of this year.

The opening of City of Dreams will deliver a totally new entertainment and leisure experience in Macau, Mr. Ho said. It will offer the ultimate in sophisticated, highly contemporary, city-inspired leisure experiences that will appeal to the rapidly evolving demands of Asian leisure customers.

Combining electrifying entertainment, stylish nightclubs, a diverse array of accommodation, regional and international dining, world-class shopping and a spacious and contemporary casino, City of Dreams aims to usher in a new era of gaming and entertainment when it opens in Cotai during the first half of 2009.

The initial opening of City of Dreams will feature a 420,000-square-foot casino with approximately 550 gaming tables and approximately 1,500 gaming machines; over 20 restaurants and bars; an impressive array of some of the worlds most sought-after retail brands; and an iconic and spectacular audio visual multimedia experience; the Crown Towers Hotel offering approximately 300 guest rooms and the Hard Rock Hotel offering approximately 300 guest rooms. Grand Hyatt Macau offering approximately 800 guest rooms will be completed in the third quarter of 2009 and a Dragone inspired theatre production will open in the purpose-built Theatre of Dreams soon thereafter. The final planned phase of development at City of Dreams will feature an apartment hotel consisting of approximately 800 units.

It is my ambition to create outstanding career opportunities for local Macau people. City of Dreams will generate a diverse range of travel, food and beverage, leisure and entertainment industry related careers, essential for the long-term growth of Macau.

City of Dreams has a unique opportunity to establish itself as Asias premier urban resort and I am convinced it will deliver.

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