Legend Fighting Championship 9 Official Press Release

Macau, May 17, 2012 (Thursday) – Top-ranked Japanese fighter Koji Ando will face Australian brawler Rob Hill at City of Dreams exclusively presents Legend Fighting Championship 9 on Saturday, June 16, 2012, at City of Dreams, Cotai, Macau. This is a critical match-up for both men as the winner will fight reigning champion Jadamba Narantungalag for the Legend Lightweight Title.

Koji (1-1 Legend, 6-3-2 overall) has won four of his last five fights including a dramatic “Submission of the Night” victory over Damien Brown at Legend 7. Always entertaining fan favorite and Australian knockout artist Rob Hill (2-2 Legend, 11-5-1 overall) will aim to derail Ando’s title hopes. Hill is coming off his own “Submission of the Night” performance against Yusuke Kasuya at Legend 8 and will be looking for another statement victory en route to a title shot.

“The road to the title goes through Ando,” said Hill. “I’m pumped up and ready to take him out to get a shot at the belt. I’ve got a flair for the dramatic, and I know I’ll win big.”

Undefeated Australian “Diamond” Dan Pauling (8-0 overall) will debut in the Legend ring in the co-main event against China’s top-ranked welterweight Li “The Leech” Jingliang (3-2 Legend, 12-3 overall). Li, of China Top Team, is seeking to rekindle his title hopes with a dominant win over the Australian. Pauling, widely considered one of the region’s best submission artists, will have his hands full with the focused and confident Sanda specialist Li.

Legend 9 will also host a four-man bantamweight tournament to determine the next Legend Bantamweight Champion. The tournament will include former Legend titleholder Yao Honggang (2-1 Legend, 6-3 overall) of China, who will take on Filipino Agustin Delarmino, Jr. (2-0 Legend, 6-1 overall), and Japan’s Taiyo Nakahara (0-1 Legend, 12-7 overall), who will fight charismatic Korean Jo Nam Jin (2-2 Legend, 6-3 overall).

The City of Dreams event also will feature several Legend veterans, such as Pat Crawley (New Zealand), Hideto Tatsumi (Japan), Ji Xian (China), Wu Chengjie (China) and Wu Haotian (China).

Mr. Sunny Yu, Senior Vice President, Entertainment and Projects, of Melco Crown Entertainment, said: “Being the first entertainment resort featuring televised mixed martial arts (MMA) tournaments from Macau, City of Dreams prides itself in bringing the top MMA fighters from across Asia to Macau.  The excitement and action in the ring will surely capture the attention and passion of City of Dreams’ guests and Macau tourists in general, in addition to that of MMA enthusiasts in multiple continents watching the televised bouts.  Legend 9 is definitely another ‘can’t be missed’ entertainment offering at City of Dreams this summer.”

“To be back at City of Dreams for Legend 9 is a huge honor,” said Mr. Michael Haskamp, Legend co-founder and managing director. “We always see spectacular fights here, and the crowd really gets into it. We expect more of the same on June 16.”

Legend 9 will include five undercard fights and five main card fights. Doors open at 4 p.m., with the first undercard fight beginning at 4:30 p.m., and the main card starting at 7 p.m.

Tickets priced at HK$680* and HK$1,280* are available at www.cityofdreamsmacau.comwww.macau.com and www.cityline.com. Hotel and ticket packages* at Grand Hyatt Macau, City of Dreams, Macau are available from HK$4,300. Please call +853 8868 1788 for reservations before June 8, 2012. Audience members aged 18 and above will enjoy free entry to the Legend 9 after0party and a free standard drink at Club Cubic in the City of Dreams upon presentation of a valid ticket stub.

Legend 9 will also be broadcast in 10 countries throughout Asia-Pacific and North America.

City of Dreams, an integrated entertainment resort located in Cotai, Macau that has established itself as a premier leisure and entertainment destination in Macau, is operated by a Macau subsidiary of Melco Crown Entertainment Limited, a developer and owner of casino gaming and entertainment resort facilities focused on Macau market with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK: 6883) and the NASDAQ Global Select Market (NASDAQ: MPEL).

Terms and conditions apply. All information is for reference only and subject to change without notice.

* Price includes 15% service charge and tax. Please quote offer code LEGNS (for Legend 9 standard tickets) or LEGNV (for Legend 9 VIP tickets).

 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”), with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK: 6883) and its American depositary shares listed on 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) (formerly Crown Macau), 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 ), which feature a total of approximately 2,100 gaming machines in ten locations and comprise the largest non-casino based operations of electronic gaming machines in Macau.  The Company is also developing the planned Studio City Project, a large 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, an integrated entertainment resort located in Cotai, Macau that has established itself as a premier leisure and entertainment destination in Macau, is operated by a Macau subsidiary of Melco Crown Entertainment Limited, a developer and owner of casino gaming and entertainment resort facilities focused on Macau market with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK: 6883) and the NASDAQ Global Select Market (NASDAQ: MPEL). City of Dreams 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) andwww.cityofdreamsmedia.com  (Medial Portal). For The House of Dancing Water information, please visit www.thehouseofdancingwater.com  (Official Website) and www.thehouseofdancingwatermedia.com  (Media Portal).

About Legend Fighting Championship

Legend Fighting Championship (Legend) is the Asia-Pacific championship of mixed martial arts (MMA).  Legend invites champion mixed martial artists from throughout the region to compete in a freestyle tournament using interdisciplinary skills, including sanda, jiujitsu, muay thai, boxing and wrestling. All Legend fights are supervised matches under a strict set of rules designed to promote athlete safety and sportsmanship.  Legend is committed to promoting the sport of mixed martial arts in the Asia-Pacific, to supporting and cultivating its athletes, and to providing exceptional entertainment to a broad audience.

Based in Hong Kong, Legend is backed by CA Media, the Asia-Pacific investment vehicle of the Chernin Group, and Diamond Ridge Ventures.

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