NEW YORK, Apr 22, 2010 (GlobeNewswire via COMTEX) --Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, proudly announced today that it was bestowed with the "Best Leisure Development in Asia Pacific" and "Best Leisure Development in China" awards at the International Property Awards 2010 for its flagship entertainment resort, City of Dreams.

The International Property Awards, in association with Bloomberg Television, is the world's largest property competition. The awards aim to identify the highest levels of achievement in property development, architecture and interior design and are world-renowned as a mark of excellence. In its 16th year, the Awards received entries from 19 countries in the Asia Pacific Region.

City of Dreams is the first Macau resort property to be honored with this distinguished award which recognizes distinctive innovation and outstanding success in leisure development.

Mr. Lawrence Ho, Co-Chairman and CEO of Melco Crown Entertainment Limited, said: "We are delighted to have received this recognition at the International Property Awards. The awards represent international acknowledgement of our promise to develop City of Dreams to reflect the highest level of world standards in terms of quality and innovation.

"Delivering this was a core component of our strategy to deliver visitors to Macau outstanding entertainment experiences in support of Macau's evolution as the leading regional center for leisure and tourism."

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. 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. 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, 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. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: growth of the gaming market and visitation in Macau; increased competition and other planned casino hotel and resort projects in Macau and elsewhere in Asia; the completion of infrastructure projects in Macau; government regulation of the casino industry; our ability to raise additional financing; obtaining approval from the Macau government for an increase in the developable gross floor area of the City of Dreams site; the formal grant of occupancy permits for areas of City of Dreams undergoing construction and/or development; our anticipated growth strategies; and our future business development, results of operations and financial condition. Further information regarding these and other risks is included in our Annual Report on Form 20-F filed on March 31, 2010 and other documents filed with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release 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 (the "Company"), 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. The Company 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. The Company's business also includes the Mocha Clubs (www.mochaclubs.com), which feature a total of approximately 1,500 gaming machines in eight locations and comprise the largest non-casino based operations of electronic gaming machines in Macau. For more information about the Company, please visit www.melco-crown.com.

The Company 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, a Director and the CEO of the Company. Crown is a top-100 company listed on the Australian Stock Exchange and led by Executive Chairman Mr. James Packer, who is also Co-Chairman and a Director of the Company.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Melco Crown Entertainment Limited

CONTACT:  Melco Crown Entertainment Limited
Geoffrey Davis, CFA, Senior Vice President -
Corporate Finance
+1 212 671 1936
geoffreydavis@melco-crown.com