CITY OF DREAMS AND DFS GROUP PRESENT THE MOST UNIQUE, EYE-OPENING LUXURY RETAIL EXPERIENCE IN MACAU

MACAU – Friday, June 24, 2016: – Melco Crown Entertainment Limited (Nasdaq: MPEL) (“Melco Crown Entertainment” or the “Company”), developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, and DFS Group, the world’s leading luxury travel retailer, proudly unveiled together the exciting expansion of City of Dreams’ retail area, which is managed and operated by T Galleria by DFS. In addition to being three times larger than the former retail space, the new shopping precinct represents a strategically designed, exclusive and eye-opening lifestyle luxury shopping experience in the heart of Macau.

A LUXURIOUS RETAIL LANDMARK IN MACAU

Introducing a stunningly edgy department-store style concept to Macau, City of Dreams and DFS have created a luxurious, contemporary and inviting atmosphere within City of Dreams’ expanded retail area, headlining the T Galleria by DFS brand. Delightful and contemporary, the expansion is designed and built using elements of glass, marble and steel combined with warm wood accents. The setting is intended to be both dramatic and intimate, encouraging visitors to relax, unwind and indulge their taste for shopping and leisure. The expanded retail space links dining areas, casinos, retail stores, entertainment attractions and hotels, leading visitors on an engaging journey of some of the best retail and leisure experiences in Macau.

“City of Dreams has always been at the forefront of shaping Macau into a world center of avant-garde entertainment, delivering world-class leisure and entertainment offerings to the region. Today, we are pleased to announce the expansion plan of the retail precinct of City of Dreams, which will bring to our flagship property many firsts in town. Through our partnership with DFS Group, City of Dreams features the largest collection of luxury brands in Cotai and creates an exciting luxury shopping scene for all aspirational, sophisticated and cosmopolitan leisure seekers in the region,” said Lawrence Ho, Chairman and Chief Executive Officer of Melco Crown Entertainment Limited.

“Since entering the market in 2008, Macau has and continues to be an incredibly important destination for our customers and for DFS, which is why we are thrilled to unveil a retail concept here that is a first for DFS in terms of its scale, audacity and innovation. It is also a first for Macau in terms of providing a curated and modern product selection across the major luxury categories, targeting new and experienced travelers alike,” Philippe Schaus, DFS Group’s Chairman and CEO said. “T Galleria by DFS, City of Dreams will combine the breadth of a luxury shopping mall with the personalized service of a high-end department store. Only DFS could deliver this unparalleled shopping adventure at the core of City of Dreams, complementing a concentration of some of the best restaurants, world-renowned hotels and world-class entertainment offerings with a fresh and luxurious shopping experience in the heart of Macau.”

FIRST-EVER SHOE SALON HEADLINES MANY “FIRSTS”

Opening in phases between June and December, City of Dreams’ T Galleria by DFS will boast the largest collection of luxury brands in Cotai. In addition to beauty and fragrances, fashion and accessories, and watches and jewelry brands, the expanded retail space will introduce T Galleria’s signature customer services exclusively to City of Dreams’ customers, including the first-ever shoe salon to be opened in the third quarter as well as a multi-brand lifestyle shopping area dedicated to men’s fashion and grooming.

“City of Dreams is the ideal location for DFS to launch our first dedicated shoe collection,” said Schaus. “Customers in Macau are both discerning and adventurous, and our shoe salon will enable them to indulge their taste for the latest fashion styles as well as find something unique.”

Offering over 50 men’s and women’s shoe brands across two floors, highlighted by exclusive-to-Macau brands such as Aquazzura and Rupert Sanderson, the new shoe hall will be the largest shoe salon in Hong Kong and Macau and a destination unto itself.

TRUE LUXURY WITH “DREAM” BRANDS AND A DREAM SHOPPING EXPERIENCE

The expanded beauty and fragrance section opens this month. When fully expanded, the 23,000 square feet of space will comprise two wings and feature nearly 70 beauty and fragrance brands, making it the largest beauty hall in Southern China. Highlights include popular Korean brands Sulwhasoo, Laneige and HERA.

For fashion-lovers, the experience is elevated with the June opening of 31 new fashion and accessories brands, including Louis Vuitton, Dior, Prada, Miu Miu and Fendi. And catering to male customers for the first time at any T Galleria by DFS store, there will be a dedicated multi-branded, lifestyle area that mixes ready-to-wear, accessories, shoes, watches and grooming all in one space.

By the end of this year, the phased opening will culminate in a significantly wider jewelry offering, bringing key luxury jewelry brands Tiffany & Co. and Van Cleef & Arpels to City of Dreams as well as new watches boutiques from Audemars Piguet and Vacheron Constantin.

To ensure a uniquely disruptive and ultimately fulfilling experience for all, exclusive dining outlets for high tea and social gatherings will also be integrated into the environment.