June 19, 2012, Macau - As a premier leisure and entertainment destination in Macau, City of Dreams has always prided itself on offering world-class entertainment experiences to visitors from around the globe. Following the announcement by City of Dreams last week on the premiere and exclusive limited run of a new fabulous performance, Taboo, this summer, anticipation of the public has been piqued as demonstrated in the keen interest in a sneak peek of this taboo-shattering entertainment extraordinaire. To unveil this riveting event filled with stunning surprises, City of Dreams held a press briefing yesterday at Club Cubic, the stage of this glamorous performance, during which several cast members shared their experience in preparation highlighted by an exclusive preview of astonishing acts from the show.

Taboo is yet another truly marvelous creation by the renowned master Mr. Franco Dragone. This electrifying performance combines tantalizingly sensual choreography and thrilling acrobatic artistry as well as an exciting interactive theatre component, enacted by a global team of around 20 of the world's top performers within their specific artistic field. When the artists presented the taboo-shattering exclusive preview of the show at the press event, Club Cubic was instantly transformed into a showroom where cabaret fuses with the world of Franco Dragone. The sneak preview featured enchanting scenes in which the artists portrayed sensual desires through sophisticated performances, conveying temptation with a hint of sexual arousal, expanding conventional limits while inspiring naughty and naughtier imaginations.

Among the performers of Taboo who shared their experience at the sneak preview are: Lucky Hell, the only female sword-swallowing performance artist from Finland; Jennlee Shallow, the mezzo soprano with a range across three octaves who participated in the world tour of the musical "Lion King"; and Stephen Williams, a British aerial strap artist. All three performers agreed that they are very honored to work at City of Dreams, a vibrant environment with many innovative entertainment elements, and to be led by the world-famous Franco Dragone in a performance that challenges the conventions of sight and senses to their limit. At the same time, they are also looking forward to creating visually arresting entertainment as they share the stage with the other performers. They intend to bring the fabulous cabaret show experience, which has long captivated Europe, to China, Hong Kong and Macau.

Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment said, "Fabulous entertainment has always been the core of City of Dreams. Following the sensational success of 'The House of Dancing Water', it is our pleasure to work with Franco once again to create Taboo, another new dimension in entertainment. It is our long-term goal to contribute to position Macau as a world-class center of cutting edge entertainment. By bringing this new exclusive performance to town, we are creating greater diversity in Macau's tourism while stimulating more visits to the city. We very much look forward to hosting the global premiere and exclusive limited run of Taboo this summer."

Mr. Franco Dragone, Founder of Franco Dragone Entertainment Group said, "I am proud to present my first cabaret show and am grateful for Lawrence's vision and confidence, providing me the perfect innovative platform to realize my creative vision. This stunning and mesmerizing show will definitely arouse the senses and sensual desire of the audience, delivering an experience you will not find elsewhere in the world."

After the global premiere on June 28, Taboo is on a limited run till September 15, every Wednesday to Saturday at 10pm in City of Dreams' Club Cubic, Macau. Tickets and packages priced from HK$2,000 to HK$33,888 are now available for sale at +853 8868 6767.

Taboo is guaranteed to be a trail-blazing and eye-opening entertainment experience for audiences from Hong Kong, Macau, China and the whole of Asia. Reserve tickets early - this is an extraordinary show that simply cannot be missed!

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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, 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 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).

About Franco Dragone Entertainment Group

The Franco Dragone Entertainment Group, founded in 2000 by Mr. Franco Dragone, conceives, produces and stages live shows, which integrate post modern dance, music, circus art and special effects within a dramatic narrative. The Franco Dragone Entertainment Group captivates audiences through a unique combination of disciplines sensitively orchestrated to produce one of the world's most spectacular shows. Mr. Franco Dragone made his name in the 1980's and 1990's as the leading creative force behind Cirque du Soleil where he created groundbreaking shows such as Mystère, Saltimbanco, Alegria, Quidam, O, and La Nouba. Over 75 million people have experienced Mr. Franco Dragone's unique theatrical creations. Since its establishment, Dragone has proven itself with critical acclaim and commercial successes including:

Le Rêve, a permanent show produced in conjunction with Wynn Resorts in Las Vegas. The show has celebrated its 2000th performance on stage in November 2009 and its 5th Anniversary in May 2010, and it is still a mainstay in the city's show scene.A New Day, a Las Vegas resident show starring Céline Dion and incorporating her music. Over 3.5 million spectators attended the show over 5 years with daily sell out shows. Dragone has created and produced 26 shows and events including Euro 2000 and the Disney Cinema Parade in Paris.The House of Dancing Water, an iconic and multiple award-winning water-based extravaganza exclusively in Macau, has earned plaudits from over a million audiences and critics alike since its opening in 2010. This spectacular extravaganza is the centerpiece of Macau's unique integrated entertainment resort, City of Dreams envisioned by Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, an operator of casino gaming and entertainment casino resort facilities in Macau, and Franco's first masterpiece in Asia and the Greater China.

Mr. Franco Dragone is building an entertainment group with a recognized global brand name for creating and producing the world's spectacular live shows. In order to do this, the Company plans to open at least one long run spectacular live show, either permanent or touring, per year.

For media inquiries, please contact:

Melco Crown Entertainment

Maggie Ma                                                                                           

Head of Corporate Communications                                          

Tel: +853 8868 3767 or +852 3151 3767                         

Email: maggiema@melco-crown.com                                        

MediAdvertising (HK) Ltd.

Ronny Tung

Tel: +852 2575 7722 / +852 6291 5711

Email: ronny@mediadvhk.com